NBA Player Gets Into the Senior Housing Development Game

A veteran NBA player with famous connections is recruiting other players to invest in senior housing real estate in the Midwest. Springfield, Missouri-based Say You Can is a real estate development company established by owner Kelly Byrne and current Detroit Pistons player Anthony Tolliver in early 2009 and, until recently, was primarily focused on multi-family and student […]

Independent Living Innovation a Must as Competition Heats Up

As investors look toward independent living communities with growing interest, it’s important that senior living developers and providers position these projects to stand out from the competition. Whether by taking a page from the hotel industry playbook or appealing to younger residents, independent living communities should be taking action to win market share—or they could find themselves hurting […]

Investors, Operators Drawn To Independent and Assisted Living Under One Roof

Senior housing and care investors and operators see appeal in senior living communities that offer both independent and assisted living services, according to a new survey from professional services firm JLL (NYSE: JLL). JLL’s Year-End 2017 Seniors Housing Investor Survey, released Thursday, included more than 250 potential respondents, including investors, operators, developers and lenders in the […]

Best Independent Living Design 2017: Picturesque Pennsylvania Views

When Willow Valley Communities, a non-profit continuing care retirement community (CCRC) in Lancaster, Pennsylvania, finished work on a sizable independent living project last summer, it added an array of upscale amenities for its roughly 2,300 residents. But one of the most celebrated amenities was also one that stood far above the rest—literally. As part of the new development—which includes […]

Providers Rise to New Standards for LGBT Senior Living

Head north on Halsted Street in Chicago’s Boystown neighborhood—just one block of Wrigley Field—and you’ll see it: a modern, multi-unit residence decked in green and blue hues. No, this isn’t a new condominium for the city’s young, urban professionals, but rather an affordable housing unit that has become a haven for the city’s low-income older […]

New Joint Venture to Own and Operate 32 Former Holiday Properties

A new senior living brand is on the scene—and it’s launching in buildings once run by the nation’s largest independent living provider. The Solstice Senior Living portfolio currently includes 32 independent living properties formerly operated by Winter Park, Florida-based Holiday Retirement. Solstice recently was formed through a joint venture between Carlsbad, California-based management company Integral Senior […]

32 Independent Living Communities Re-Brand as Solstice Senior Living

Solstice Senior Living is a new brand in the independent living space, created through a joint venture of management company Integral Senior Living and real estate investment trust (REIT) NorthStar Healthcare Income. Under terms of the JV agreement, 32 independent living properties owned by NorthStar Healthcare Income will come under the third-party management of Integral […]

Mainstreet Health Investments Buys Care Investment Trust for $425M, Announces Name Change

Mainstreet Health Investments (TSX: HLP.U) on Friday announced a plan to acquire Care Investment Trust, LLC for $425 million, giving the Toronto-based real estate investment firm 42 new senior housing and skilled nursing properties across the United States. Care Investment Trust had previously been a subsidiary of Tiptree, Inc. (Nasdaq: TIPT), which will become Mainstreet’s largest […]