After more than two decades on the financing side of senior living with Piper Jaffray, Mark Appelbaum founded development firm Makado Group in 2012. The Minneapolis-based company recently opened its second senior living community and is gaining momentum on a pipeline of future projects. Though he feels “very positive” about his time with Piper Jaffray, […]
Columbia Pacific Group is making headway on its efforts to bring senior living to the massive Indian market. The private investment firm — co-founded by U.S. senior living pioneer Dan Baty — is now constructing its first community in India and has assembled an experienced operational team, with intentions to have 5,000 units under management […]
U.S. News and World Report named Colorado the best state for aging in the U.S. One developer seeks to meet the skyrocketing demand for senior housing in the Centennial State. Founded three years ago, Rocky Mountain Senior Housing now has a portfolio of seven communities across Colorado, with another three under development, Founder and Manager […]
After reversing a downward trend in the first quarter of 2019, the occupancy rate for U.S. senior housing communities declined slightly in the second quarter, according to new data from the National Investment Center for Seniors Housing & Care (NIC). The overall occupancy rate dropped 0.3 percentage points to 87.8% in Q2, marking the lowest […]
The first development for Benchmark Senior Living’s new urban-focused wellness division will be a mid-rise, active adult community in Philadelphia. Benchmark Philadelphia, a joint venture between Waltham, Massachusetts-based Benchmark Wellness Management and Philadelphia-based developer, Brickstone Cos., will rise 24 stories and include 220 units ranging in size between 800 square feet and 1,400 square feet, […]
A “zen-inspired” continuing care retirement community in northern California is taking shape. Proposed by Kendal Corporation, Greenbrier Development and the San Francisco Zen Center, the project now has a name, financial backing, approval from local officials and a growing list of seniors interested in calling it home. The project brings an innovative new twist to […]
The “Vertical Medical City” is still only a concept, but Ponte Health Properties continues to build a pipeline of sites in the U.S. and is looking overseas for future growth of the ambitious projects that tie senior living and health care in prime locations. Ponte Health will break ground on its $1 billion Vertical Medical […]
As more independent living and assisted living providers and investors are moving into active adult housing for the first time, one of the largest and most well-established brands in the space is expanding and adapting for an evolving consumer base. Del Webb is planning to open 10 new communities in the next 18 months, in […]
A growing number of senior living developers and operators are creating multiple brands. One significant upside of this strategy is the ability to gain greater share of a market, across different price points. Pathway to Living has found success venturing into high-end senior living with its Aspired Living brand, as well as the middle market […]
Picture a vertical, mixed-use community with a senior living component where residents have access to retail, health care and entertainment, using virtual reality platforms to connect older adults with similar interests, or creating new organs for the body via 3D printers. These innovations are either already here or on the horizon, and they can be […]