Real estate investment trust Welltower (NYSE: WELL) disposed of its interest in Benchmark Senior Living for a gross sale price of $1.8 billion — one of several senior housing deals that the Toledo, Ohio-based real estate investment trust (REIT) announced Wednesday, in conjunction with second quarter 2019 earnings. The Benchmark portfolio consists of 48 senior […]
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After a few brutal years for standalone memory care, supply pressures are easing and occupancy is ticking up. But a rebound will be gradual, as hard-hit companies in the space try to reset, and owners and operators glean lessons from this recent period of distress. Construction of freestanding memory care communities peaked in the fourth […]
Columbia Pacific Group is making headway on its efforts to bring senior living to the massive Indian market. The private investment firm — co-founded by U.S. senior living pioneer Dan Baty — is now constructing its first community in India and has assembled an experienced operational team, with intentions to have 5,000 units under management […]
Private investment firm Chicago Pacific Founders (CPF), along with its subsidiary senior living management companies CPF Living Communities and Grace Management Inc., have added five communities to their portfolio in a recent flurry of acquisitions. The additions are part of an ongoing expansion that could see another 12 to 15 communities added within the next […]
After reversing a downward trend in the first quarter of 2019, the occupancy rate for U.S. senior housing communities declined slightly in the second quarter, according to new data from the National Investment Center for Seniors Housing & Care (NIC). The overall occupancy rate dropped 0.3 percentage points to 87.8% in Q2, marking the lowest […]
Private investment firm Bain Capital has raised $1.5 billion for a new Harvard University-backed real estate fund that could include senior housing among its targeted property types. Harvard is one of the fund’s biggest backers, according to Bloomberg. The fund will focus on real estate classes such as senior housing, self-storage, life science and labs, […]
Senior Housing News is excited for its annual SHN Summit on Thursday, October 3, 2019 in Washington, D.C. Tickets are available for purchase here. The event will bring together nationally recognized speakers for a half-day of networking and panels that highlight the most exciting and challenging trends in senior living. Network with some of the […]
Buildings designed to promote wellness, ambitious urban communities, clusters of small homes created with cutting-edge tech — and even senior living at sea. These are among the ideas shaping the future of senior living development, as revealed earlier this year at Senior Housing News’ inaugural BUILD event. With the Fourth of July fast approaching, we’re […]
Garden Spot Communities CEO Steve Lindsey is shaking up the traditional continuing care retirement community (CCRC). From embracing trends like fast-casual dining to innovations like hot air balloon rides for residents, Lindsey is a changemaker, setting an example for the whole industry from New Holland, Pennsylvania-based Garden Spot Village. Garden Spot, a nonprofit CCRC serving […]
The pressure to meet local market demands while standing out from the senior living competition is becoming ever greater, leading to more diverse and dynamic building designs. Still, creating exceptionally innovative and impressive projects is a big challenge. The buildings that have succeeded can be valuable guides and inspirations for others. This just one reason […]
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