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 Developer Wins Approval for 55+ Project in Massachusetts Capital Group Properties have earned approval […]
With the exception of affordable senior housing communities, the senior living industry has been slow to pursue sustainable building certifications such as LEED. This lag is happening in large part due to financial considerations but could be short-sighted, given changes in building codes and consumer expectations. State and local building codes across the country are […]
Welltower (NYSE: WELL) Executive Vice President, Business & Relationship Management Mercedes Kerr is leaving the Toledo, Ohio-based health care real estate investment trust (REIT) to assume the role of President at partner company Belmont Village Senior Living, Welltower announced in a press release Monday. Belmont Village Founder Patricia Will will continue as founder and CEO. […]
In recent years, a growing number of residential real estate developers have trained their sights on senior living and launched project pipelines. This trend will continue, and well-established senior living players must up their game in response, according to Belmont Village CEO Patricia Will. In particular, she believes too many senior living communities have poorly […]
University partnerships have long garnered interest among senior housing developers, driven by a built-in intergenerational component, availability of land and the opportunity to establish shared synergies between communities and the schools. As this trend develops, these joint ventures are bringing senior housing communities closer to the central campus, laying the groundwork to creating tomorrow’s intergenerational […]
Senior housing as a component of mixed-use development is gaining in popularity with investors, developers and future residents alike. The trend is driven by the impending arrival of baby boomers to the senior living space and the broader shift from acute care to wellness and prevention, which is paving the way for more health-focused real […]
Baptist Health South Florida was exploring entering the senior housing space long before its groundbreaking partnership with Belmont Village Senior Living. The largest health care group in South Florida reached out to Dallas, Texas-based real estate capital market advisers Holliday Fenoglio Fowler (HFF) two years ago to learn more about senior housing, and to find […]
Senior housing operators partnering with health care providers is a growing industry trend. Belmont Village’s newly announced partnership with Baptist Health South Florida, however, may be the first of its kind. The joint venture will develop a pipeline of Belmont Village communities, starting with the planned construction next year of Belmont Village Coral Gables. This […]
Belmont Village Senior Living topped out its first community in South Florida last week. Now, the company is laying the foundation for developing a pipeline of projects in the region, through a new partnership with Baptist Health South Florida. Houston-based Belmont Village announced a new partnership with the nonprofit health system to develop, own and […]
“This project has been a very long time in the making.” Those were the words that Belmont Village Senior Living founder and CEO Patricia Will said to a group of nearly 60 people late last month at a ribbon cutting ceremony of a sales center for the Houston-based firm’s upcoming assisted living facility in Chicago’s […]