Allegro Senior Living Launches New Alto Brand

Allegro Senior Living is using a modest, three-building acquisition to do some bigger things: enter a new state and launch a new brand, Alto Senior Living. Prior to this acquisition, St. Louis-based Allegro operated 14 senior living buildings, with 12 in Florida and one each in Kentucky and Missouri. Most of these are large properties […]

Movers & Shakers: Brightview Senior Living, Methodist Village Senior Living

Health Care Business Valuation Veteran Affiliates with Carnahan Group Health care business valuation veteran Craig Smith has formally affiliated with Tampa, Florida-based health care advisory firm Carnahan Group. Smith is the U.S. national practice leader of the senior housing and health care practice of Colliers International, a Toronto-based global commercial real estate services organization. In his […]

In the Pipeline: Senior Housing Construction Projects (8/10/17)

Construction: Planned Lifespace Communities Location Near Chicago Plots Big Redevelopment Oak Trace, a Lifespace community in Downers Grove, Illinois, has announced plans for a $150 million redevelopment and expansion project, according to a press release. The first phase of the redevelopment will include a new health center with 66 assisted living apartments, 28 memory support […]

In the Pipeline: Senior Housing Construction Projects (7/6/17)

Construction: Planned Former National Guard Armory in Pennsylvania to Become Senior Housing The new owners of a former National Guard armory in Sunbury, Pennsylvania, seek to turn the historic building into a senior living community. As planned, Z&Z Limited Partnership would build nearly 50 senior homes on the same site as the armory, according to the Daily […]

Monday Jump-Start: Welltower’s Lawsuit, Amazon Echo ‘Silver’

Happy Monday! Here’s last week’s most-read news: HCP Inc. (NYSE: HCP) hired Scott Brinker as its new chief investment officer, and Welltower (NYSE: HCN) responded to the appointment with a lawsuit. Not-for-profit post-acute providers in Illinois have a plan to go up against Symphony Post Acute Care Network—and other for-profits— and win. Tana Gall, CEO […]

In the Pipeline: Senior Housing Construction Projects (5/11/17)

(Rendering of Allegro’s Richmond Heights community — image courtesy of Allegro Senior Living) Construction Planned Luxury Senior Housing Developer Sets Sights on Little Rock Area Abby Development, a luxury senior housing builder, owner, and operator, has plans to break ground on a new “resort-style” seniors housing campus near Little Rock, Arkansas. Workers are poised to break ground […]

In the Pipeline: Senior Housing Construction Projects (4/27/17)

Construction: Planned Dominion Senior Living to Open Third Kentucky Community Dominion Senior Living of Florence has plans to open a new faith-based senior living community in Florence, Kentucky, its third in the state. The two-story community is expected to cost about $10.3 million and will offer assisted living and memory care services in 61 apartments. […]

In the Pipeline: Senior Housing Construction Projects (4/20/17)

(Rendering of a planned cottage at Presby’s Inspired Life in Jenkintown, Pennsylvania — photo courtesy of Presby’s Inspired Life) Construction: Planned Groundbreaking Imminent for Dallas Senior Towers Workers are due to break ground soon on a new senior living community in Dallas, Dallas News reported. The new $136 million Ventana community will spread across two residential towers […]

Movers & Shakers: Front Porch’s New Board Members

Front Porch Elects 3 New Members to Board of Directors Front Porch, a Glendale, California-based not-for-profit senior services provider with 10 full-service retirement communities, elected three new members to its board of directors. Joining the board on Jan. 1 are Deborah A. Proctor, Oliver W. Wesson Jr. and Marion McGovern. Proctor recently retired as the […]

Senior Housing Investments & Transactions: Mainstreet Acquires $44.3 Million Memory Care Portfolio

Mainstreet Acquires Three Memory Care Communities for $44.3 Million Mainstreet Health Investments Inc. (TSX: HLP-U) entered into an agreement to acquire a portfolio of three memory care communities, totaling 171 units, for the purchase price of $44.3 million, representing a year one capitalization rate of 7.85%. . The communities are located in Little Rock, Arkansas, […]