American House Senior Living residents weren’t always composers, performers or patrons of the arts—but through a partnership with local orchestras, many of the residents can now call themselves all three. Bloomfield, Michigan-based American House, which has around 40 senior housing communities in Michigan, Illinois and Florida, has Read More »
In the Pipeline: Senior Housing Construction Projects (12/15/16)
(Rendering of Pecan Grove at Highland Springs located in Dallas — photo courtesy of Erickson Living) Construction: Planned Arizona Developer Plans Senior Living Community Summerlin Asset Management plans to team up with Desert Land Group to create Havasu Senior Living in Lake Havasu City, Arizona. Read More »
Movers & Shakers: Mainstreet’s 3 New Hires
Mainstreet Announces 3 New Hires Mainstreet, a Carmel, Indiana-based development and investment company, announced three new hires for the month of April. Scott Juetten has been named Mainstreet’s new vice president of financial operations for Mainstreet Health. He previously worked for Kindred Healthcare, where he was Read More »
Editor’s Picks: REIT Hospital Plays, Boggles the Dog
This week on Senior Housing News, readers explored the various ways that the “Big Three” senior housing REITs are taking aim at the hospital system. They also learned the truth about oversupply risks in certain markets and discovered how power players can successfully expand into Read More »
How American House is Outgrowing ‘Regional Power Player’ Label
How can a power player in one distinct market expand into a new region successfully? One senior housing provider based in the Midwest is newly qualified to answer that question — and has further expansion plans for the future. Bloomfield Hills, Michigan-based American House Senior Read More »
Senior Housing Investments & Transactions: LTC, Sagora, Corona Care
Institutional Property Advisors Announces Senior Housing Transactions Totaling Over $6 million Institutional Property Advisors has announced its facilitation of the transactions of two senior housing facilities in Iowa and Illinois for more than $6 million total. Misty Meadows Senior Living Center in Metropolis, Illinois was sold Read More »
Virtus Real Estate Capital JV Buys Senior Living Property for $7.65 Millon
Virtus Real Estate Capital and American House Senior Living recently announced the acquisition of Sterling Woods, an independent living community in a Detroit suburb, for $7.65 million at a trailing 12-month cap rate of 8.5%. The property, known as American House Sterling Woods, is a Read More »
Senior Living Providers Embracing Consumer Reviews as Marketing Tool
Americans often turn to online consumer reviews to inform their purchasing decisions for a variety of products, including senior living options, and some providers are taking a proactive approach by using interactive customer feedback for marketing purposes. Websites such as start-up Silver Living and fellow Read More »
Boomers’ Web Presence Adding New Dimension to Senior Living Marketing
When shopping for a major purchase, most people these days turn to the Internet to do research or get crowd-sourced information on the product they’re considering, and that’s becoming increasingly true for senior living boomer consumers. As the baby boomer generation turns 65, many of Read More »