(Rendering of Solana Mount Pleasant, an independent, assisted living and memory care community being developed by Formation Development Group in Mount Pleasant, S.C.) Construction: Planned Formation Development Group Obtains Zoning for S.C. Project Formation Development Group, an Atlanta-based senior living developer and investor, has obtained zoning approval for a new senior housing community in Mount Pleasant, […]
Category: Memory Care
Some argue that senior housing has shifted toward becoming a health care business wrapped in a real estate bow. That holds especially true when it comes to memory care, where residents have distinct care needs—but if not real estate, then what exactly is memory care selling? At a quantitative level, memory care units tend to be smaller than […]
(Thrive at Beachwalk, a 125-unit senior living community operated by Thrive Senior Living in Fort Myers, Fla.) Construction: Planned Welltower, Hines Acquire Site to Develop NYC Senior Living Community The New York offices of international real estate firm Hines and Welltower Inc. (NYSE: HCN), this week announced that they have closed on the acquisition of […]
(The Blake at Carnes Crossroads, an assisted living and memory care community in Charleston, S.C. under development by Cardinal Ventures) Construction: Planned Senior Housing Partners, Zenith Capital Plan $12.3 Million Calif. Project Lake Oswego, Ore.-based Senior Housing Partners LLC and Seattle-based Zenith Capital recently announced they are planning to build a new memory care community […]
Construction: Planned Autumn Senior Living, Lindell Investments Plan $24 Million Community in Fla. Gulf Coast assisted living developer Autumn Senior Living and Lindell Investments, a Tampa-based real estate developer, have finalized plans to begin construction on a new assisted living and memory care campus in the Tampa suburb of Westchase, Florida. Autumn of Westchase is […]
(Project rendering of HarborChase of the Park Cities, a Silverstone Healthcare Company senior living community in Dallas, TX) Construction: Planned Berry College Announces Name for New CCRC Berry College, a school that is planning to build a continuing care retirement community (CCRC) in Mount Berry, Ga., this week announced that it has chosen a name for […]
Senior housing real estate is one of five major investment opportunities created by aging populations, with demand for new senior housing units in the United States set to surge through 2030, a major global investment management firm has declared. In fact, the U.S. senior housing industry is poised for “unprecedented” growth, according to a recently […]
(Sagewood, a Life Plan community in Phoenix, Ariz. – Photo courtesy of Lavidge public relations) Construction: Planned Certus Senior Living Plans $12 Million Fla. Memory Care Facility Certus Senior Living expects to break ground this summer on a new $12 million, 64-unit memory care community in Orlando, Fla., near Waterford Lakes, reports the Orlando Business Journal. […]
(Living room at the Christopher Heights of Northampton senior housing community in Northampton, Mass. — Photo courtesy of Cutler Associates) Construction: Planned Columbia Pacific Advisors Plans 237-Unit Senior Housing Community in Seattle Seattle-based Columbia Pacific Advisors, LLC, is entering into a long-term ground lease with the Archdiocese of Seattle and St. James Cathedral to build a 237-unit senior […]
Those who believe senior housing needs more high-quality operators might welcome a new entrant helmed by a former executive with industry giant Brookdale, backed by an investment firm with bona fides in the sector. Nashville-based Vitality Senior Living currently is pursuing new development in several markets in the Midwest, Northeast, and Southeast, and expects to […]
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