ROC Seniors Housing Fund Manager, already one of the largest private equity investors in senior living in the nation, is looking to become an even bigger player. Having just launched its second fund, ROC Seniors intends to acquire more than $2 billion of senior housing and medical properties. A subsidiary of Salt Lake City-based Bridge […]
Category: Memory Care
Construction: Planned Senior Community Planning Addition, Iowa Located in Marshalltown, Iowa, Glenwood Place is planning for a $3.5 million addition to its independent living and assisted living apartments. The addition will add eight independent living apartments and 12 assisted living apartments to the community. Glenwood Place already has two bedroom independent living townhomes, assisted living apartments […]
Less than a year after assuming the role of president and chief operating officer at memory care giant Silverado, Shamim Wu has left the company. Wu and Silverado Chairman and CEO Loren Shook mutually agreed upon the separation last week. “Over the last eight months it became evident that this was not a good culture […]
Construction: Planned Senior Community Planned in Hanover Park, Ill. A master-planned community for adults ages 55 and over is planned in Hanover Park, Ill. Verandah will have independent living, assisted living and memory care components. There will be two-story townhomes, single-level villas and condos available for sale. The $40 million community will include amenities such […]
(Rendering of OPAL by element, located in Vancouver, British Columbia — Photo courtesy of Element Lifestyle Retirement Inc.) Construction: Planned Permits Finalized on $97.4M Senior Community in Canada Located in Vancouver, British Columbia, Element Lifestyle Retirement Inc. has announced its final approval for a $97.4 million project, OPAL by element. The community will be Element’s […]
(Photo of Regency at Summerlin, located in Las Vegas — Photo courtesy of KTGY Architecture and Planning) Construction: Planned Expansion Planned at Sagewood Community, Phoenix Located in northeast Phoenix, Sagewood Life Plan Community is expanding to feature a high-end independent living neighborhood, called The Estates. The Estates will have 24 luxury villas available in either single […]
MBK Senior Living has had a big month, having recently grown its community portfolio from 16 properties to 22. And based on the company’s expansion plans, this could be only the start of a new era for the Irvine, California-based provider. It is continuing an aggressive push that could see it double in size and […]
Real estate investment management company Berkshire Group, located in Boston, Mass., has partnered with Newport Beach, Calif.-based, Clearwater Senior Living (CSL) to develop and acquire senior housing communities in the western part of the United States. Through this partnership, the company expects to generate over $500 million in gross asset value, with future expansion as […]
(Rendering of The Sheridan at Laumeier Park, located in Sunset Hills, Mo.— Photo courtesy of Senior Lifestyle Corporation) Construction: Planned National Healthcare Development Plans Skilled Nursing Facility Located in Avondale, Arizona, a new transitional rehabilitation and skilled nursing facility will be built as part of a larger health care campus by National Healthcare Development. The […]
In 2016 alone, an estimated 5.4 million Americans have Alzheimer’s disease. That number is expected to rise in the coming decades, leading to skyrocketing demand for memory care housing and services. Gone are the days of institutional care settings for those living with cognitive impairment. Today, developers and operators are getting very creative in the […]
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