Holiday Retirement Moves Headquarters to Florida, 200 Jobs Impacted

Change is afoot at Holiday Retirement. The nation’s largest independent living provider is moving its corporate headquarters from Lake Oswego, Oregon, to Winter Park, Florida, this summer—eliminating or relocating approximately 200 jobs in the process. The decision to relocate was “difficult,” the company said in a statement sent to Senior Housing News. Among the roughly 200 […]

Retail Developer Oppidan Pursues $400 Million Senior Housing Pipeline

This coverage of the 2017 National Investment Center for Seniors Housing & Care Spring Investment Forum is brought to you by Mainstreet. As the nation’s largest developer of transitional care properties, Mainstreet specializes in real estate development, value investments and health care. With Mainstreet’s support, SHN is bringing event coverage of the NIC conference, which […]

Avamere Pilots IBM ‘Watson’ Tech for Precision Senior Care

Watson, the IBM cognitive computing system that gained fame for beating human Jeopardy! champions at the game, soon could enable more precise care and services in senior living. The technology currently is being piloted by Wilsonville, Oregon-based Avamere Family of Companies, in its independent living, assisted living, and skilled nursing settings, as well as through […]

Rent Discounts Reflect Challenges Facing Assisted Living

It’s no secret that senior living providers sometimes give new residents a break on the rent for some period of time. As 2016 came to a close, new assisted living residents were paying a rate that was 10.7% lower than what communities initially were asking, on average, according to recently released data from the National […]

Assisted Living Headwinds Could Make Investors Look Harder at REITs

Senior housing investors soon may become more concerned about the portfolio mix of the largest real estate investment trusts (REITs), as market forces have begun to favor independent living more than assisted living. In particular, investors may become frustrated with the current practice of describing properties as “majority” assisted living or independent living, Green Street […]

In the Pipeline: Senior Housing Construction Projects (2/2/17)

(Rendering of formal dining room at Edgemere, located in Dallas, Texas — photo courtesy of Edgemere) Construction: Planned Independent Living Building Planned in Hingham, Massachusetts Erickson Senior Living is planning a new independent living community in Hingham, Massachusetts. The 156,378-square-foot, seven-story building will add 104 independent living homes to the already-established Linden Ponds. Willard Square will also […]

Senior Housing News Feed: Overtime Rule on Life Support

Start your week off right by catching up on the most popular recent Senior Housing News articles and items of interest from around the web. Today’s edition begins with a dose of inspiration from 81-year-old Bob Wood, who walked into a guitar shop, picked up an instrument, and …. The video has been around for […]

In the Pipeline: Senior Housing Construction Projects (1/23/17)

Construction: Planned Minnesota Senior Housing Community Planned Located in Apple Valley, Minnesota, owner, developer and manager Dominium Senior Living has plans to build a 163-unit affordable senior housing community. The property was bought at the end of 2016 and construction on Legends of Apple Valley is scheduled to be complete in spring 2018. The building will […]

In the Pipeline: Senior Housing Construction Projects (1/12/17)

Construction: Planned Luxury Senior Living Community Planned A new luxury senior living community will break ground this summer in Bozeman, Montana. The Springs at Bozeman will offer a mix of 172 independent living, assisted living and memory care apartments ranging in size from studio to three-bedroom floor plans. The community will be built on five acres […]

In the Pipeline: Senior Housing Construction Projects (1/5/17)

(Photo of the main dining room at Watercrest of San Jose, located in Jacksonville, Florida — photo courtesy of StudioSIX5) Construction: Planned Thrive Senior Living Community Planned A memory care community in Marietta, Georgia is planned. The Thrive Memory Care at East Cobb will have a home-like feel with a living area, dining area, sunroom and […]