Welltower sells Florida assisted living facility for $56M Welltower (NYSE: WELL) sold Aston Gardens Assisted Living in Parkland, Florida for $55.7 million, The Real Deal Miami reports. The buyer was Kayne Anderson Capital Advisors. the property is operated by Discovery Senior Living. The property sold for $78 million in 2015. The latest sale marks a […]
Arrow Senior Living
Amy Alvarado-Plank, director of sales and marketing for Legacy Pointe at UCF, knew she had a problem. Lunch and learn events were a key sales strategy for the life plan community under construction on the campus of the University of Central Florida in Orlando, averaging around 25 prospects per session. But seniors began canceling their […]
HJ Sims closes $96M financing package for Asbury Communities HJ Sims closed on a $96.12 million bond refinancing for Asbury Communities’ senior housing communities in Pennsylvania: Bethany Village in Mechanicsburg; and Springhill in Erie. Sims assisted Asbury the communities’ outstanding Series 2010 Bonds on their first optional redemption date of January 1. Sims successfully priced […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Cadence Living Plans Arizona Community Cadence Living has purchased 7.7 acres of land in […]
Arrow Senior Living is scaling up in the Midwest, differentiating itself with a sales approach to drive earlier move-ins and longer lengths of stay. “Although adult children are the initial inquiry into senior housing, they’re not the consumer,” Arrow founder and CEO Stephanie Harris told Senior Housing News. “I think our industry has gotten lost […]
This week’s in the pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture & design trends, the annual SHN Awards Competition. Construction: Planned Apartment Complex Near Orlando to Include Assisted Living and Memory Care A […]
Construction: Planned California CCRC to Spend Upwards of $30 Million on Expansion To accommodate an expected increase in the demand for senior living, Casa Dorinda, a California continuing care retirement community (CCRC) plans to add roughly 103,000 sq. ft. and build 20 independent living units at its campus in Santa Barbara, Calif., reports Pacific Coast […]
Construction: Planned Florida Developers Unveil Plans for Wisconsin Senior Living Complex Harbor Retirement Associates appeared before the Shorewood Plan Commission last week to share their plans for a 96-unit senior living complex, reports the local Patch. The plan calls for a 4-story building containing 60 residential care units, as well as a one-story building featuring […]
As the senior living industry gears up for the next generation of consumers, some operators are looking to divest struggling communities in their portfolios while others are hiring third parties to maximize value in ways that will attract the boomers. Expanding resident services, activities programs, and staffing in general to a 24/7 business model can […]
Cerulean Partners, LLC recently announced the $4.25 million acquisition of a 116-unit independent living community in Las Vegas, Nev. in a joint venture with Real Estate Special Opportunity Portfolio and Real Estate Portfolio Management, both California-based investment funds. The total deal cost was $5.2 million including cap-ex dollars and closing fees. Destinations at Eastern was […]