A regional health system is forging ahead with plans for a senior living community, and it’s bringing along an experienced operator as its primary partner. Tanner Health System, a nonprofit that includes five hospitals servicing west Georgia and east Alabama, has joined forces with Beacon Communities on a new community in Villa Rica, Georgia, called […]
Beacon Communities
WRC Development Partners started building senior housing out of necessity, but solid returns have led to a robust platform. Today, the affiliate of New York City-based real estate investment brokerage and construction consultant Whitestone Realty Capital has operational partnerships with three highly regarded operators, a deep development pipeline and an eye on exiting the properties […]
If today’s continuing care retirement communities (CCRCs) were sold on retail shelves, most would be labeled “one-size-fits-all.” After all, each and every resident of a particular CCRC often pays the same price for the exact same product if they’re on the same type of contract, no matter their care needs or preferences. While this cost structure […]
Happy Monday! Hopefully, you’ve already had your morning coffee and you’re ready to take on the day. Before you do, take some time to get caught up on the events of the past few days. In the senior housing world, last week was a week of change: After 45 years, Holiday Retirement is doing away […]
Cornerstone Affiliates—the parent company of provider and management companies be.group, American Baptist Homes of the West (ABHOW), Beacon Communities, Inc. and Seniority, Inc.—needed a change. For one thing, the organization no longer wanted to present itself to the world as a set of disparate, unrelated companies, President and CEO John Cochrane told Senior Housing News. Instead, once and for […]
KeyBank Provides $202.1 Million Loan for Texas-Based Independent Living Portfolio KeyBank Real Estate Capital provided $202.1 million in Freddie Mac financing to a joint venture between Discovery Senior Living and Kayne Anderson Real Estate Advisors for their Conservatory Senior Living portfolio, an independent living portfolio consisting of five properties in Texas. The Class A seniors housing […]
California-based nonprofit senior living providers American Baptist Homes of the West (ABHOW) and be.group have agreed to merge, the companies announced today. The consolidation will create California’s largest nonprofit senior living provider and one of the half-dozen largest nationally, the companies said. The merger, expected to be finalized in early 2016 pending regulatory approval, will […]
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