The coming wave of aging baby boomers will present several challenges to a senior living industry already struggling to meet the demand of seniors who cannot afford market rate independent living, assisted living or memory care. In particular, the population of older adults is quickly growing in low-density areas where it’s especially difficult to build affordable senior living projects. […]
Epoch Senior Living and its development partner, National Development, made a splash when they introduced the Waterstone brand in 2012. The first Waterstone building, located in the Massachusetts town of Wellesley, won the Senior Housing News Architecture and Design Award for Best Assisted Living, as well as the gold award for design from the National […]
When trying to decide whether a plot of land is right for a senior housing development, Harbor Retirement Associates (HRA) asks this question: Is there a Talbots clothing store in the area? “Talbots selects their sites based on their catalog or internet sales and ZIP code analysis, and we know that we’re targeting the same […]
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 […]
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 […]
If retirement begins at 55, independent living is three decades late. While independent living (IL) is loosely considered the start of the senior living care continuum, experts agree that most people are not entering IL until their 70s at the earliest, according to a new report from Senior Housing News. One study pushes that figure […]
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 […]
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 […]
