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 […]
Category: Independent Living
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 […]
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 […]
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 […]
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 (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 […]
Wildfires sweeping across Northern California have led to mass evacuations, with seniors among more than 20,000 people who fled their homes—thousands of which have been destroyed. It’s likely that some of these displaced older adults will now decide to live in a senior housing community, either on a temporary or permanent basis. Sunshine Retirement Living […]
Some independent living communities’ biggest competitors could soon become a condo building down the street. That was among the insights shared during a Sept. 13 webinar hosted by Senior Housing News and sponsored by Arbor Realty Trust, a direct lender with 13 branches across the U.S. In certain places, like Florida, senior living providers are competing […]
Rents for independent living communities are steadily growing in some cities in the South and Northwest, while stagnating or even falling elsewhere, according to a new report from market intelligence firm Reis. Of the 112 U.S. metro areas Reis studied, Jackson, South Carolina, saw the most average rent growth, with a more than 10% increase between the first […]
Brookdale Senior Living (NYSE: BKD) is scaling up a pilot with ridesharing company Lyft, in an effort to create a resident transportation model that is more customer-friendly and operationally efficient. Typically, senior living providers offer transportation to residents on a pre-scheduled basis. This is not ideal, Andrew Smith, director of strategy and innovation at Brookdale, […]
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