Transactions & Financings: HJ Sims’ $111M Deal Volume; Chicago Pacific Founders’ Florida Acquisition

Sales and operator transitions Elevation Financial Group acquires Massachusetts assisted living community for $4M Elevation Financial Group acquired Wingate Residences at Brewster Place, an assisted living facility in Brewster, Massachusetts. The purchase price was $4 million and facilitated through Elevation Real Property Fund VII. The community ceased operations in 2019. Elevation plans to reposition the […]

Inside the New Medicare Advantage Push from 10 Senior Living Providers

As more senior housing and care providers get in the Medicare Advantage (MA) game, it is becoming increasingly clear that they are playing a team sport. A striking example comes from Minnesota’s Twin Cities, where 10 different providers have come together with a health insurer and a geriatric medical practice/care management organization to launch one […]

Presbyterian Homes, Nonprofit Health System to Co-Own Geriatric Medical Practice

A non-profit senior housing provider has, in collaboration with a not-for-profit health system, acquired a co-ownership stake in a health care organization that serves older adults in Minnesota. The move exemplifies a growing trend of integration between senior housing and health care organizations. Presbyterian Homes & Services (PHS) and health system Allina Health on Thursday jointly announced […]

In the Pipeline: Senior Housing Construction Projects (2/13/13)

Construction: Planned Hiram College Trying to Build University-Based Retirement Community Hiram College, a private academic institution in Northeast Ohio, is trying to build a retirement community on 90 acres just north of campus but is facing some opposition, reports Plans would include 200 to 225 rental units for those aged 55 and older. Residents […]