Priya Living Reveals First Community in India Expansion Plans

Priya Living has officially revealed the first community in the company’s plans to expand its model overseas, with expats living in the U.S. as the company’s primary target audience. The company on Tuesday announced Priya Flower Valley, a 42-unit community set to open this November in the Flower Valley township in Gurgaon, India. As planned, […]

Transactions and Financings: HealthDrive Acquired; SLIB Facilitates Sale of Two Communities

Transactions Shadowbrook Resort sold, to become independent living community The six-decades-old Shadowbrook Resort based out of Wyoming County, Pa., is expected to close on a sale to developer Richard Angelicola on Aug. 31. Reporting from The Times-Tribune states the 100-unit apartment facility will add to Angelicola’s current portfolio of Glenmaura Senior Living, Highland Park Senior […]

Construction Labor Challenges Push Senior Living Project Costs Higher in 2023

Although the rising prices of commodities for some products have improved, construction labor costs and shortages  are continuing to push the cost of new senior living projects higher in the second half of 2023. Construction costs per square foot for developers have been on a continuous increase, according to the latest Senior Living Construction Costs […]

Lawsuits, HQ Eviction Indicate Financial Trouble at Anthology Senior Living Parent Company CA Ventures

The parent company of senior living platform Anthology Senior Living is facing a handful of challenges, including a pending eviction from its Chicago headquarters reportedly in connection with an ongoing cash crunch. That’s according to real estate news publication The Real Deal. The lawsuits include one filed by the landlord of its Chicago headquarters detailing […]

Sunrise Opens Second NYC High-Rise With Focus on ‘Redefining’ Urban Senior Living

Sunrise Senior Living has opened its second high-rise in New York City — and the company’s “robust premium pipeline of new development” could see expansion to other senior living hotspot markets, Senior Vice President of Operations Denise Falco tells Senior Housing News. On Monday, the McLean, Virginia-based senior living operator announced the opening of The […]

Sunrise Senior Living Nears Opening for Second NYC Highrise With Welltower, Hines 

Sunrise Senior Living is slated to strengthen its foothold in New York City’s budding luxury senior living market. The McLean, Virginia-based company is in the coming weeks opening its forthcoming community in Manhattan’s Upper West Side. Construction on the community wrapped up earlier in the year, according to local news publication New York Yimby. Like […]