Confused by ‘Active Adult’ Talk, Discovery CEO Presents Experiential Living Model

The ongoing discussion within the senior living industry on how to define active adult communities has, at times, made Discovery Senior Living CEO Richard Hutchinson’s head spin. “When I hear about senior apartments and active adult — having had experience [building] both of them — what we’re talking about is neither and it confuses the […]

Co-Located Senior Housing, Libraries Open with Nearly Full Occupancy

In the Independence Park neighborhood on Chicago’s Northwest Side, an ambitious mixed-use development including senior apartments officially opened on Sept. 23. The library/apartments concept is an example of the growing trend of incorporating senior housing as a component of mixed-use real estate development. Large-scale changes in the economy are leading to new models of mixed-use […]

Carefield CEO: Senior Living Should Not Be A Commodity Industry

Senior housing remains one of the most attractive development and investment opportunities in real estate, despite operational headwinds which have some proceeding with caution. But that interest has observers concerned about new entrants entering the space without doing due diligence into the operational intensiveness of senior housing. One California owner and operator, Carefield Living, was […]

Village Park Rejects ‘Broken Model’ of Senior Living, Builds Multi-Brand Portfolio

Village Park Senior Living (VPSL) is recording strong rate increases across its multi-brand portfolio, in a market where communities are offering concessions and lowering rates to compete with new supply. CEO Tim Gary largely credits the company’s approach to design and architecture. “The industry is building product that is a broken model. It has to […]

Mansions Senior Living CEO: Extended Stay Apartments Taught Us About Senior Living

Mansions Senior Living parlayed a unique multifamily operating model into a successful entrance to senior living. Now the Edmond, Oklahoma-based owner and provider is focusing on increasing its presence in one of the hottest construction markets in the United States, while modernizing the buildings that allowed Mansions to establish its footprint, founder and CEO Kim […]

Engel Burman Eyes New Markets for ‘Look-Alike CCRC’ Model

The Engel Burman Group has developed a successful portfolio of senior housing on Long Island since the company entered the space in 1997. Now it wants to bring its version of the continuing care retirement community (CCRC) to new markets, and is testing out potential future treatments for dementia in its existing communities. “We haven’t […]

Major Investment Firm IPC Launches Senior Living Platform with Spectrum Retirement

One of the nation’s largest commercial real estate and finance companies is entering the senior housing space, with help from one of the industry’s fastest-growing operators. Inland Private Capital Corporation (IPC), the investment arm of Oak Brook, Illinois-based Inland Real Estate Group of Companies, on Wednesday announced the launch of a new investment platform focused […]

Carlyle Group, Other Active Adult Pioneers Venture Into ‘Uncharted Territory’

The most experienced developers and investors in active adult communities are reaping benefits from the product type, as the senior living industry at large scrambles to define its parameters. More seasoned players in the active adult market — including private equity giant The Carlyle Group — say that it is a product where average lengths […]

Eclipse Senior Living Goes High End with New Evoke Brand

Eclipse Senior Living is making good on its multi-brand strategy with the launching of a high-end independent and assisted living offering dubbed Evoke. The Lake Oswego, Oregon-based company announced the news on Tuesday. The brand’s first development will break ground in Portland, Oregon, before the end of the year, with an expected early 2021 opening. […]