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 […]
Arrow Senior Living
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 […]
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