Atlas Senior Living is not one of the largest senior housing providers in the country, but it is growing at a fast clip, combining entrepreneurial energy with operational know-how. Last year, the Birmingham, Alabama-based company nearly doubled in size by adding 187 units to its portfolio, the bulk of it coming from the acquisition of […]
Category: Development
South Bay Partners has built over 10,000 senior living units across the country since its founding in 1994. But the Dallas-based senior housing developer’s current pipeline may signal its most ambitious phase yet: South Bay has nearly 2,000 units under construction or in the design and development phase, with a total capitalization of over $1 […]
Developers and operators seeking their share of China’s growing senior housing market pie have identified design as a way to distance themselves from the competition. As senior living in China enters a new era, architects and designers are putting as much effort into a community’s look and feel as its functionality, Jason Briscoe, a partner […]
The coming wave of aging baby boomers will present several challenges to a senior living industry already struggling to meet the demand of seniors who cannot afford market rate independent living, assisted living or memory care. In particular, the population of older adults is quickly growing in low-density areas where it’s especially difficult to build affordable senior living projects. […]
Spectrum Retirement Communities, a Denver-based senior housing developer, owner and operator, is adding an extra 1,000 units to its portfolio by 2021 via a fund it is currently marketing to investors. Spectrum Development Opportunity III has a minimum investment of $2 million, and Spectrum has already raised $60.5 million with a target of $100 million, […]
Value engineering is an accepted inevitability in construction, and it’s become increasingly important as construction costs have been on the rise in senior living. But while smart value engineering will identify the best ways to cut costs without sacrificing quality, too much value engineering can compromise the vision and integrity of a project, and cause […]
It’s official: after a 13-month search process, Amazon announced today it will split its second headquarters between Long Island City in Queens, New York and Crystal City in Arlington, Virginia. Amazon will invest $5 billion to create 50,000 new jobs between the two cities. Additionally, the e-commerce giant will open a new Operations Center of […]
“This project has been a very long time in the making.” Those were the words that Belmont Village Senior Living founder and CEO Patricia Will said to a group of nearly 60 people late last month at a ribbon cutting ceremony of a sales center for the Houston-based firm’s upcoming assisted living facility in Chicago’s […]
The demand by seniors to not be called “seniors” is not one of vanity. It is one of realism. With life expectancy rising and health levels improving, the traditional notion of a “senior” is no longer relevant. Today’s senior wants to live in a community that offers an active lifestyle, a connection to the outside […]
The Avamere Family of Companies has high hopes for its “micro CCRC” concept. The hopes are so high, in fact, that the Wilsonville, Oregon-based company is launching a separate company dedicated to the concept. Avamere announced the launch of Ovation with two groundbreakings in St. George, Utah and Omaha, Nebraska, representing a combined $170 million […]