One of the largest developers of post-acute properties in the U.S. is expanding its footprint in Texas while seemingly winding things down in its home state. Mainstreet Property Group recently moved its development and property operations from Carmel, Indiana to Cedar Park, a suburb of Austin, Texas, according to an April 20 story in the Indianapolis Business […]
Category: Finance & Development
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Florida Life Plan Community Plots $125 Million Expansion A 366-unit not-for-profit life plan community […]
by Jeremy S. Herman, CPA – Tax Partner with Plante Moran The Tax Cuts and Jobs Act (TCJA), passed just a few days before the close of 2017, is a significant piece of legislation and affects nearly everyone in the senior housing industry—no matter the size, specialty, market or corporate structure. As with any tax […]
The year was 2008, and Presbyterian Homes & Services had a plan for a new mixed-use senior living community. The Minnesota-based senior living provider would develop The Promenade of Wayzata, 14.5 acres of retail, all-ages condos, a hotel and 326 units of assisted living, memory care and skilled nursing. PHS would open the condos and […]
MidCap Closes First Mortgage Loan for Florida Community MidCap Financial, a commercial finance firm that concentrates on middle-market transactions, recently closed a transaction with Zon Living Concepts, LLC. The senior housing and senior care company owns and operates Zon Beachside, a Class A assisted living and memory care community in Indian Harbour Beach, Florida. The […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Community in Texas Plans 101-Unit Expansion An Integrated Property Management senior living community in Kingwood, […]
It’s becoming more common to see high-rise senior housing communities popping up in dense urban locations, like New York City, Dallas and Toronto. But other, smaller cities are also getting in on the action. Now, for example, a senior housing high-rise is expected to appear on the banks of the Zumbro River in Rochester, Minnesota, a city […]
Mixed-use development in senior living is on the rise, and the creative thinkers are winning. Whether including senior living or not, a common template for residential mixed-use is a single building with public retail, dining or both on the building’s ground floor, and apartments and condos above. This model is popular in senior living, too. […]
Dallas-based senior housing owner and developer Silverstone Healthcare Company has been in business for about five years and is working with a well-established operator on about $1 billion worth of projects. Still, it’s possible that many industry players haven’t heard of them. “We’ve kept a very low profile,” Chairman and CEO Denny Alberts told Senior Housing News. The […]
Brookdale Pays $75 Million for California Property Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD) paid about $74.5 million to acquire the real estate of Palm Beach Gardens, a 317-unit property in Palm Beach, Florida. That equates to about $235,000 per unit, according to The Real Deal, which reported on details of the transaction, citing property […]
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