The Wyoming Business Report reported yesterday that Sunwest Management has tentatively agreed to sell 45 assisted living units around the nation in an effort to raise cash. The article states that the company is selling some of its more profitable units are in the sales agreement but the purchaser would not be named as final […]
Category: Development
Amica Mature Lifestyles Inc. recently announced that the Company has secured its tenth 99-year contract to manage “Amica at Aspen Woods”, located in Calgary, Alberta. The project will consist of approximately 147 suites and the costs of the project are projected to be over $40 million and the development will include a full suite of […]
Hook ’em Horns. Even though the project was announced back in 2006, the Texas Exes, the former student association, recently contacted us to let us know that it was making progress on completing its 57-acre independent living campus. The Exes have a unique ability to have access to a diverse, loyal group of alumni who […]
EYC Companies, Inc. has chosen The King Partnership (TKP) to lead its marketing, public relations and sales efforts for The Landmark at Corbinton, a 55+ Active Adult Community located adjacent to the Corbinton Continuing Care Retirement Community (CCRC). This new neighborhood is situated within walking distance of downtown Hillsborough’s historic district. The Landmark at Corbinton […]
Home builder confidence for newly built single-family homes held at a record low in December as the economy and job market continue to deteriorate and a growing number of foreclosed homes remain on the market. The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) did not budge this month from November’s all-time low […]
Earlier this week, American Land Lease Inc (ANL.N:)a real estate investment trust, agreed to be acquired by private equity investment firm Green Courte Partners LLC for $14.20 a share in cash – roughly a 200% percent premium to the stock’s closing price on Tuesday. Green Courte will acquire the company for $438 million, including assumption […]
Crismon Peaks Assisted Living LLC recently announced plans for the opening of their upscale luxury Assisted and Independent Living Community nestled at the base of the Superstition Mountains in Mesa, AZ. This community of luxury, custom-built, eco-friendly homes has been developed on 6 acres of desert vista. This newly built property features 3 of 6 […]
Paric Corporation stated it completed a $42 million senior living community for the Stratford Companies in Carmel, Indiana earlier this month. The 337,000-square-foot continuing care retirement community is one of the first developments of its kind in the Indianapolis area. The development includes 172 apartments and a total of 400 rooms available to serve a […]
Even with the economy down, Maravilla Scottsdale has exceeded early deposit projections by nearly 30 percent in 2008. In response to the unprecedented high demand, the community has now begun the site selection process of its Phase One residences featuring casitas and independent courtyard residences. The Maravilla Sales Team is now meeting individually with these […]
Five Star Quality Care, Inc. (NYSE Alternext US: FVE) recently announced that it has purchased seven independent living, assisted living and Alzheimer’s care communities located in North Carolina (four communities) and South Carolina (three communities) for a purchase price of $44 million. Including these seven properties, Five Star currently operates nine senior living communities in […]
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