Memory care construction has been on the rise as of late, and it’s no wonder why. The sheer number of Americans with Alzheimer’s disease and other forms of dementia is reason enough to spur development activity, and an anticipated increase in the incidence of Alzheimer’s Read More »
Category: Development
MBK Senior Living President Terry Howard Resigns
MBK Senior Living President Terry Howard has resigned from the company to pursue new development opportunities, Senior Housing News has learned. The Irvine, California-based senior living provider owns, operates and develops communities across five states under its parent company, Japan-based Mitsui and Company. “Terry Howard has Read More »
Welltower Taps Sunrise to Operate $20,000-a-Month Community
Another well-known name in senior living now is linked to a high-profile community being developed in one of the nation’s most populous markets. Welltower Inc. (NYSE: HCN) has tapped Sunrise Senior Living to be the operator of the real estate investment trust’s (REIT) community being Read More »
Senior Housing Developers Make Strides in Underserved NYC Market
An international real estate firm and its real estate investment trust (REIT) partner have unveiled their design plans for a New York City senior housing project, drawing attention to the growing need for assisted living and memory care communities in the country’s largest city. Real Read More »
Why Universities are Getting into Senior Housing
Across the country, there are several examples of universities that have partnerships with senior housing communities. Take Newton, Mass.-based Lasell Village, located on the campus of Lasell College, or the University of Florida, which announced a partnership in 2014 with The Village in Gainesville, in Gainesville, Read More »
Top Senior Housing Investment Opportunities
The seniors housing sector remains hot, and following robust transaction activity in 2015, investors are identifying and pursuing the asset classes they deem top opportunities in the current market. CBRE, Inc., the world’s largest commercial real estate services firm, today released its Investor Survey & Read More »
Senior Housing Turnaround Company Tries Hand at New Development
A company known for offering consulting services to help turn around struggling senior living communities is trying its hand at new development, complete with an opportunistic strategy. Solutions Advisors, a consulting firm that develops strategic plans for senior living communities and then helps to execute management, marketing Read More »
Former Senior Housing Developer Gets 15 Years in $130 Million Scheme
The former CEO of an Oregon-based senior housing development and management company has been sentenced to 15 years in federal prison, putting an end to what has been called the state’s largest fraud case ever. U.S. District Judge Michael Simon on Tuesday sentenced former Sunwest Read More »
Senior Housing Construction Levels Hit Record Highs
New senior housing development reached a peak in the third quarter of 2015, hitting the highest level of activity the industry has seen since the National Investment Center for Seniors Housing and Care (NIC) began recording such data in 2008. About 44,000 senior living units Read More »
Developers Take Stealth Route Into Senior Living
Senior housing remains one of the most booming real estate sectors, and with a huge wave of baby boomers set to enter retirement in the coming years, untested real estate developers are jumping into the industry. Because operating senior living communities with health care services comes Read More »
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