WRC Development Continues to Expand Towne Club Senior Living Brand

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 […]

HumanGood CEO: One-Size-Fits-All CCRCs Must Change

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 […]

ABHOW, be.group Get ‘Nontraditional’ Rebrand as HumanGood

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 […]

Senior Housing Finance Activity: OnShift, NorthPoint

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 […]

ABHOW, be.group Merger to Create $1.5 Billion Senior Living Nonprofit

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 […]