MorningStar Senior Living has amassed a portfolio of communities in the western half of the continental U.S. Now the company is entering the Texas market with a prominent developer in place. Denver-Based MorningStar announced Thursday it is partnering with Hines Interests, the Houston-based international real estate developer, to build a senior care community in Houston’s […]
Category: Development
A vacant shopping mall in upstate New York will soon have a second life, with senior housing and care setting the foundation. Skyview on the Ridge in Irondequoit, New York, will include a $43 million, 157-unit senior apartment development from Pathstone Corporation, as well as an adult day care center from St. Ann’s Community. Both […]
As the baby boomer generation ages, demand for senior living is set to soar — and consumer expectations will also rise. Forward-thinking providers are already trying to meet the market by pursuing innovative building projects, with Touchmark and Canterbury Woods being two examples. “We’re trying to think of things outside the box and … keep […]
WRC Development Partners started building senior housing out of necessity, but solid returns have led to a robust platform. Today, the affiliate of New York City-based real estate investment brokerage and construction consultant Whitestone Realty Capital has operational partnerships with three highly regarded operators, a deep development pipeline and an eye on exiting the properties […]
After more than two decades on the financing side of senior living with Piper Jaffray, Mark Appelbaum founded development firm Makado Group in 2012. The Minneapolis-based company recently opened its second senior living community and is gaining momentum on a pipeline of future projects. Though he feels “very positive” about his time with Piper Jaffray, […]
Columbia Pacific Group is making headway on its efforts to bring senior living to the massive Indian market. The private investment firm — co-founded by U.S. senior living pioneer Dan Baty — is now constructing its first community in India and has assembled an experienced operational team, with intentions to have 5,000 units under management […]
U.S. News and World Report named Colorado the best state for aging in the U.S. One developer seeks to meet the skyrocketing demand for senior housing in the Centennial State. Founded three years ago, Rocky Mountain Senior Housing now has a portfolio of seven communities across Colorado, with another three under development, Founder and Manager […]
After reversing a downward trend in the first quarter of 2019, the occupancy rate for U.S. senior housing communities declined slightly in the second quarter, according to new data from the National Investment Center for Seniors Housing & Care (NIC). The overall occupancy rate dropped 0.3 percentage points to 87.8% in Q2, marking the lowest […]
The first development for Benchmark Senior Living’s new urban-focused wellness division will be a mid-rise, active adult community in Philadelphia. Benchmark Philadelphia, a joint venture between Waltham, Massachusetts-based Benchmark Wellness Management and Philadelphia-based developer, Brickstone Cos., will rise 24 stories and include 220 units ranging in size between 800 square feet and 1,400 square feet, […]
A “zen-inspired” continuing care retirement community in northern California is taking shape. Proposed by Kendal Corporation, Greenbrier Development and the San Francisco Zen Center, the project now has a name, financial backing, approval from local officials and a growing list of seniors interested in calling it home. The project brings an innovative new twist to […]