Construction: Planned Formation Development Group Plans Two Senior Living Communities Atlanta-based developer and investor, Formation Development Group will begin construction soon on two new senior living projects. The first will be a 180-unit community with a mix of independent living, assisted living and memory care units, located in Cranberry Township, Pennsylvania. The community will be constructed on […]
One family with a history of a single genetic mutation traced back to the early 1900s in Colombia may give the rest of the world some answers about the neurodegenerative condition Alzheimer’s disease. Any cure or treatment breakthrough for Alzheimer’s would have major implications for senior living providers, which commonly provide memory care support to those […]
(Rendering of The Blake at Edgewater located in Indian Land, S.C. — photo courtesy of The Blake) Construction: Planned Thrive Senior Living Announces New Community in Florida In partnership with Fortress Ventures and Compass Real Estate, Thrive Senior Living has announced the development a new senior living community in Naples, Fla., Thrive at Naples. The […]
A recently formed private equity firm out of Arizona is getting into the senior housing game, pursuing a strategy that stands out a bit from other new entrants bringing capital to the sector. Founded about a year ago, The tanbic Company just announced its first senior living acquisition. The Scottsdale-based firm provided $3.65 million in […]
(Rendering of Longs Ridge at Wind Crest, located in Highlands Ranch, Colorado —Photo courtesy of Erickson Living) Construction: Planned Dominion Senior Living Community Planned for $8 Million Dominion Senior Living has announced plans for a new assisted living and memory care facility in Frankfort, Ky. The $8 million community will be 44,000 square feet. The […]
(Rendering of Arcardia Senior Living, located in Bowling Green, Kentucky —Photo courtesy of Arcadia Senior Living) Construction: Planned Arcadia Community Planned in Kentucky A new senior housing community in Bowling Green, Kentucky is being planned by Arcadia Communities. The community will be constructed on a seven acre portion of land and will encompass 80,000 square […]
Assisted living regulations have shifted in focus in the last three years, with states now focused on staffing and training requirements rather than disclosure and reporting. The 2016 regulations are seen in the latest edition of the Assisted Living State Regulatory Review, issued by the American Health Care Association/National Center for Assisted Living (AHCA/NCAL) . The […]
Photo of The Sheridan and Creve Coeur, located in Creve Coeur, Mo.— Photo courtesy of Senior Lifestyle Corporation Construction: Planned Land Purchased for Senior Community, Calif. Carlton Senior Living based in Concord, Calif. has acquired 3.68 acres of land in Santa Rosa, Calif. for its newest senior housing community. It is anticipated to cost over […]
Investors are starting to increase activity in the senior housing space and are eyeing independent living in particular, but they appear to be less inclined to take on risk than in the past. “We have these outside challenges, such as the election, Brexit, the Chinese economy, and I think people are just being a little […]
Another multifamily developer is taking the dive into the senior housing business and is developing a small but focused pipeline of independent living, assisted living and memory care communities with an established operator. Ian Guttman, vice president of Hills Properties and newly-founded Guttman Properties in Cincinnati, has seen first-hand the demand for senior housing as […]
