Editor’s Note: SHN Editor Tim Regan and SHN Reporter Andrew Christman contributed to this article This article is part of your SHN+ subscription Steady recovery amid ever-changing challenges, new operating models to spur innovation, consolidation and partnerships— these are some of the traits of senior living organizations standing out in 2024. Companies are pushing through […]
Affinity Living Communities
This article is available as part of your SHN+ membership Earlier this week, Welltower (NYSE: WELL) made headlines by acquiring a 25-property portfolio operated by Affinity Living Communities for nearly $1 billion. The portfolio consists of 3,900 units primarily concentrated in the Pacific Northwest and carries an average age of less than eight years. With […]
Welltower (NYSE:WELL) is off to a busy start in 2024, carried by momentum ending 2023 and a “torrid” landscape for new investment activity. Mitra on Wednesday outlined the Toledo, Ohio-based real estate investment trust’s “five different growth pillars,” amid favorable demand for senior living, something Mitra said would “only get better” in the coming years. […]
Welltower Inc. (NYSE: WELL) is acquiring a 25-community active adult portfolio with larger plans to create a programmatic development agreement with Affinity Living Communities. The portfolio consists of 3,900 units, mostly concentrated in the Pacific Northwest, according to a press release on the transaction. Affinity will continue to manage the portfolio when it changes hands. […]
We made it through the colder-than-mars temperatures here in Chicago, and, as we finished all of our holiday gift wrapping, we were sure to keep our readers up to date on the latest industry happenings. We reported on one investor that paid a shocking sum for the site of a new senior housing project, and […]
Construction: Planned The LaSalle Group to Build $11.2 Million Memory Care/ALF in Houston, Tex. Irving, Tex.-based The LaSalle Group announced last Friday its plans to build a 26,000-square-foot, $11.2 million memory care assisted living community in West Houston, Tex. The community will be called Autumn Leaves of West Houston and will be the eighth memory […]