Senior living tech company Sage has secured an additional $35 million in Series B funding, which it plans to use to “bridge planned and unplanned care,” according to CEO Raj Mehra. Institutional Venture Partners (IVP) led the funding round, with participation from Friends & Family Capital and Plus Capital. Existing Sage investors Maveron, Goldcrest Capital, […]
Category: Finance & Development
Editor’s note: Below is a collection of transactions and financings that include memory care components from September to early December 2024 Anthem Memory Care assumes management of California community Anthem Memory Care announced on Oct. 7 it has assumed management of Willow Springs Memory Care in Redding, California. According to a press release, Anthem Memory […]
Transactions Welltower acquires two communities for $42.7M Welltower announced it has acquired Heartis Bucks County in Warminster and Heartis Yardley, both in Philadelphia, for a combined $42.7 million. According to reporting from the Philadelphia Business Journal, both communities have been leased to Legend Senior Living. Legend now operates 62 communities. ESI arranges sale of South […]
JLL has arranged what it says is the largest non-profit single-site senior living bond issuance in the industry’s history in a move that could pave the way for the rise of similar models down the road. On behalf of a group including Harbert South Bay Partners, Lamb Properties, P3 Foundation and Momentum Senior Living, JLL […]
Senior living companies have long looked to 2026 as an important year for the industry, as it is when the oldest baby boomers turn 80. But the clock to add new supply is ticking, and has been for a while now. The senior living industry faces a historic demand runway ahead, with millions of older […]
Almost half of the senior living investors surveyed in a recent report from CBRE say they expect moderate increases to rental rates for senior living communities in 2025. Among the investors and real estate professionals polled by CBRE for its second-half 2024 U.S. senior living report, 48% said they expect average rental rates between 3% […]
Charter Senior Living CEO Keven Bennema believes that 2025 could be the year that developers and operators kick into much higher gear with regard to new growth, and the company is readying itself accordingly. For now, the senior living industry is still in a tougher spot with regard to new supply. A cross-current of a […]
Transactions QSL Management grows portfolio by seven QSL Management announced it welcomed seven new communities to its portfolio Nov. 14. According to a LinkedIn post, the new communities include The Barclay at Little River; The Barclay at Sarasota; The Barclay at Boynton Beach; The Barclay at Pasadena; The Barclay at Midlothian; The Barclay at Tuckahoe; […]
Bethany Care Society is celebrating its 80th year in 2025, with plans for future growth including a sprawling urban senior living community built with small-home concepts in mind. The central and southern Alberta-based senior living provider operates 11 care homes and 15 senior living properties serving over 2,000 older adults across the continuum from independent […]
Sonida Senior Living (NYSE: SNDA) has grown its operating portfolio by almost one-third over the last six months, and the company has more expansion planned ahead. The Dallas-based senior living operator closed its sixth transaction of the year in early November, bringing its total of newly added communities to 22 this year. And there is […]
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