Heritage Communities is bringing its flexible model of senior living to the state of Texas for the first time. This will be the 16th community overall for Omaha, Nebraska-based Heritage, which was founded in 2002. The company owns and operates 13 existing properties in Nebraska, Iowa and Arizona, with two others currently in development — […]
The senior housing portion of private investment firm Bain Capital’s new $1.5 billion, Harvard University-backed real estate fund will likely include new investments in assisted living, memory care and active adult developments with help from existing partner Capitol Seniors Housing. The fund, which recently surpassed its original billion-dollar goal, will focus on real estate classes […]
JLL completes $2B HFF acquisition Stockholders at Dallas-based capital services provider HFF (NYSE: HFF) last week approved a proposal by commercial real estate services firm JLL (NYSE: JLL) to buy HFF in a cash-and-stock transaction valued at $2 billion. News of the deal was first announced in March. Both firms are active in the senior […]
An Iowa senior housing and care nonprofit is joining forces with a local health system on the development of a new senior living entity, branded as WellSpire. Johnston, Iowa-based WesleyLife and Davenport, Iowa-based Genesis Health System are collaborating on the venture, starting with the creation of a new community in Bettendorf, Iowa. The $45 million […]
Urban senior living is on the rise across the country, and Willow Valley Communities is going big with its first property in a city center. The organization is planning a senior living highrise and is redeveloping a historic venue across the street to create a culinary center in downtown Lancaster, Pennsylvania. Willow Valley anticipates synergies […]
Private investment firm Bain Capital has raised $1.5 billion for a new Harvard University-backed real estate fund that could include senior housing among its targeted property types. Harvard is one of the fund’s biggest backers, according to Bloomberg. The fund will focus on real estate classes such as senior housing, self-storage, life science and labs, […]
Buildings designed to promote wellness, ambitious urban communities, clusters of small homes created with cutting-edge tech — and even senior living at sea. These are among the ideas shaping the future of senior living development, as revealed earlier this year at Senior Housing News’ inaugural BUILD event. With the Fourth of July fast approaching, we’re […]
Senior Living Communities acquires South Carolina CCRC Senior Living Communities acquired Wildewood Downs, a 248-unit continuing care retirement community in Columbia, South Carolina, for $35 million. The community will be operated by a SLC affiliate. The acquisition was financed by a $32.7 million loan from National Health Investors (NYSE: NHI), and includes capital expenses for renovations. The loan will have a […]
In recent years, an increasing number of multifamily real estate developers have entered the senior living space, drawn by the promising demographics and “recession-proof” product. But Singh, a family-owned developer based near Detroit, was ahead of the curve in diversifying into senior living and is now leveraging its capabilities in new ways. Founded in 1973 […]
A handful of primary and secondary U.S. markets continue to experience elevated senior housing construction, at a time in the ongoing building cycle where absorption is catching up to inventory nationally. This was one of the top takeaways from a webinar Thursday hosted by National Real Estate Investor (NREI) featuring National Investment Center for Seniors […]