Technically speaking, independent living remains the consumer entry point into senior housing — the first step in the traditional care continuum. But as senior living operators know too well, consumers at that entry point are older than in the past, with many now well past 75. That’s why so many senior housing operators are looking […]
Maplewood Senior Living’s in-progress community on the campus of Penn Medicine Princeton Campus in Plainsboro, New Jersey stands out as another entry in the growing trend of tying senior housing to health care systems. This is something that Maplewood has embraced throughout its history and long before health care providers embraced the concept, founder and […]
McCaffery Interests’ entry into senior housing can be summed up in three words. “Development follows demand,” CEO Dan McCaffery told Senior Housing News. The Chicago-based developer broke ground last week on Modena Reserve at Kensington, a $75 million, 135-unit community with independent living, assisted living and memory care in Kensington, Maryland with operating partner, Denver-based […]
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 […]
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 […]
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 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 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 […]
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 […]
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 […]