A Michigan owner operator is temporarily halting construction on two senior living communities as it focuses on keeping residents across its portfolio safe from the coronavirus pandemic. Grand Rapids-based Leisure Living Management will proceed with construction of the properties in the Michigan communities of St. Clair and Port Huron once the outbreak subsides, President and […]
Category: Development
Trailblazers in the active adult space have their sights set on capturing multiple consumer segments for the product. One possible scenario involves building a continuum within the active adult sector where residents can transition from single family cottages to apartments, en route to an eventual transition to full-service independent living. This continuum would be all […]
Developer Legendary Living and Integral Senior Living (ISL) — one of the nation’s largest operators — have forged a strategic partnership and are embarking on a pipeline of resort-style projects. Over the course of five decades, Destin, Florida-based Legendary Companies has created more than $3 billion in real estate development projects, including resorts, hotels, retail, […]
Editor’s Note: Interested in the active adult market? Check out SHN’s Active Adult Virtual Summit, taking place July 15-17. Click here to learn more and register. Startup Cantina Communities came into 2020 with momentum, and its founders were pushing hard to make their vision of active adult living a reality — then Covid-19 struck. The […]
Starting a business in the midst of a global pandemic was not what Trent Czisny had in mind when he founded an operating company — but Covid-19 has not shaken his ambition to take on the “last frontier of senior living.” Czisny plans to open the first Archwood Senior Living building within a few weeks. […]
Belmont Village is teaming up with residential real estate giant Greystar to develop a 17-story senior living highrise in San Diego, in a project that is a first for both companies. The building will be the 32nd senior housing community in Belmont Village’s portfolio and marks the first time that the Houston-based company has done […]
The coronavirus pandemic is sparking concerns of a real estate collapse that could surpass the one associated with the 2008 recession. But senior housing could prove resilient, and new opportunities for development could arise as other property types become increasingly beleaguered. No asset class has been left unscathed by Covid-19, but product types that rely […]
With 54% of middle-market seniors expected to be unable to afford market-rate senior housing by 2029, developers and operators are considering renovating older buildings to serve a lower price point. Indeed, this is the top strategy for meeting middle-market demand, according to the 2020 Senior Housing Outlook report from Senior Housing News and Hunt Real […]
While the senior living industry grapples with how to meet the massive future demand for middle-market senior housing expected to grow over the next decade, the present is less grim than the past for seniors navigating their housing options, particularly in urban environments. Technology has made it possible for seniors to have meals and groceries […]
Margaret Wylde is highly regarded in the senior living industry for her research and the market intelligence provided by her firm ProMatura — in fact, she was recently inducted into the American Seniors Housing Association (ASHA) Hall of Fame for her accomplishments. Now, as Oxford, Mississippi-based ProMatura continues to help developers with their projects, she […]