Welltower (NYSE: WELL) and Atria Senior Living are involved in the mixed-use tower development by Related Companies and the real estate firm of former New York Governor Eliot Spitzer near the Hudson Yards mega-redevelopment. Related, the New York-based real estate developer, announced the strategic partnership in a press release on Wednesday, February 5. In June […]
Assisted living has rebounded as a favorable product type with senior housing investors, and has even overtaken active adult communities as demand for assisted living grows and new construction begins to slow. Assisted living surpassed memory care and active adult as an investment focus and trails only independent living as the most popular senior housing […]
Chess champion Garry Kasparov once said, “Many people think that if something worked yesterday and is still working today, it will work tomorrow. That’s wrong.” Kasparov’s take on this mindset applies to senior living, which finds itself at a historic, pivotal moment. Baby boomers will come to the space demanding variety in care and amenities, […]
Chicago-based firms Anthology Senior Living and K Giles have joined forces in a bid to redevelop a landmark property in the Windy City, in a project that would include 220 highrise senior living units. Representatives of Anthology and K Giles presented their plans at a community meeting on Monday, local news source Block Club Chicago […]
Muji is joining the ranks of companies, including IKEA, looking to meet the demand for affordable senior housing through prefabrication. Based in Japan, Muji has grown from a retailer of home goods to an internationally recognized brand with more than 500 stores in urban centers such as New York City, where it also offers products […]
Average senior housing occupancy inched forward in Q4 2019 to 88.1%, up 10 basis points from the previous quarter’s 88% rate, according to new data from the National Investment Center for Seniors Housing & Care (NIC). But a deeper dive into the data paints a richer picture, including a possible inflection point for assisted living, […]
A new developer and owner is joining the growing ranks of hospitality veterans seeking similar success in senior living through a combination of prudent ground-up development, targeted acquisitions and partnerships with growing operators. Dallas-based Journey Capital owns two communities, has another two in development, and is expected to break ground on four more in 2020, […]
More failing and abandoned malls are being redeveloped for a mix of uses, including senior housing. One group is exploring converting entire shopping malls into sprawling senior housing and care settings, inspired by a pioneering Dutch memory care community. A student design team at Oklahoma State University led by Assistant Professor Dr. Emily Roberts has […]
As senior living companies face intense labor pressures, some organizations are beginning to provide workforce housing for their employees. Doing so is not simple, but providing affordable housing can be a recruitment and retention tool for front-line employees, while adding new rental stock to markets in need, Presbyterian Homes & Services President and CEO Dan […]
Erickson Living has big plans in Virginia, and the upcoming construction of a $300 million continuing care retirement community (CCRC) outside of Richmond is one of the linchpins. The Catonsville, Maryland-based owner and operator will open a sales center for Avery Point in the Richmond suburb of Shore Pump, Virginia, in April 2020, Erickson Living […]