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 Living Communities recently announced ground breaking on the last phase of […]
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 by a limited liability company to Damen Healthcare for $4.38 […]
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 78-unit community consisting entirely of one- and two-bedroom apartments. The […]
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 consumer resource Caring.com bill themselves as third-party information sources that […]
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 their parents are at an age where they need long-term […]
