Construction: Planned Minnesota Senior Housing Community Planned Located in Apple Valley, Minnesota, owner, developer and manager Dominium Senior Living has plans to build a 163-unit affordable senior housing community. The property was bought at the end of 2016 and construction on Legends of Apple Valley is scheduled to be complete in spring 2018. The building will […]
The new year may have begun on Jan. 1, but in some ways it feels like it only started on Friday, with the inauguration of President Donald Trump. Now, months of speculation will give way to a period of actual activity, and consequences. Not every senior housing trend will be driven by Trump, but the […]
Construction: Planned Luxury Senior Living Community Planned A new luxury senior living community will break ground this summer in Bozeman, Montana. The Springs at Bozeman will offer a mix of 172 independent living, assisted living and memory care apartments ranging in size from studio to three-bedroom floor plans. The community will be built on five acres […]
HCP Board Officially Elects New CEO, President After making the announcement in November, the HCP Inc. (NYSE: HCP) board of directors officially elected Tom Herzog as a board member and CEO, and Justin Hutchens as the company’s president. Both elections were effective Jan. 1. Herzog previously served as CFO since rejoining the company in June, and […]
Assisted living occupancy stumbled during the fourth quarter of 2016, despite healthy demand for senior housing units. At 87.6%, assisted living occupancy dropped to its lowest level since early 2010, according to the latest data from the National Investment Center for Seniors Housing & Care (NIC). Assisted living occupancy hit 87.9% in the third quarter of […]
So far, 2017 has been an eventful year for the senior housing industry. In the first week of the new year, the stories dominating industry headlines included a $9.5 million EB-5 fraud scheme, C-suite changes at health care real estate investment trust (REIT) Welltower (NYSE: HCN) and the prospect of shattering existing glass ceilings in […]
The world’s wealthiest individuals see great potential in senior housing—though it’s far from the most popular real estate property type these investors currently prefer, according to a recent research report from National Real Estate Investor (NREI). The report was based on an online survey sent to NREI readers in November 2016. The survey garnered responses […]
(Photo of the main dining room at Watercrest of San Jose, located in Jacksonville, Florida — photo courtesy of StudioSIX5) Construction: Planned Thrive Senior Living Community Planned A memory care community in Marietta, Georgia is planned. The Thrive Memory Care at East Cobb will have a home-like feel with a living area, dining area, sunroom and […]
The Securities and Exchange Commission (SEC) has sued a private equity group with senior housing ties for engaging in a $9.5 million scheme by defrauding investors. The fraudster allegedly stole millions to pay for his lavish lifestyle, including the purchase and maintenance of a yacht as well as supporting his other businesses. Emilio Francisco, a […]
More than 80 organizations compete for top honors in the 2016 SHN Architecture & Design Awards. Senior Housing News is pleased to announce the winners of the 2016 Senior Housing News Architecture & Design Awards. Senior living communities nationwide submitted their communities for consideration in the fourth annual SHN Awards, a contest that recognizes excellence […]
