Construction: Planned Developer Plans to Revamp Former Assisted Living Building Cacace Associates has plans to revamp a former assisted living building into an independent living community for seniors in Bristol, Pennsylvania, phillyBurbs reports. The former Mill Run building on Wilson Avenue was purchased by the Bristol government for $135,000 from its previous Virginia-based owner in […]
Belmont Village Senior Living
Growing up in an age where most women had one place—the home—didn’t stop entrepreneur Patrica Will, Belmont Village Senior Living’s founder and chief executive officer, who saw her mother straddle the professional and personal worlds and was inspired to do the same. The idea of being a woman, a wife, a mother, may have been […]
Construction: Planned Senior Housing Group Plans Construction on Minn. Multi-Care Community Saint Therese, a Catholic-based senior care organization, plans to break ground on a new campus in Woodbury, Minn. this fall, the local Patch reports. The community, Bielenberg Gardens, will be located at the southwest corner of Radio Drive and Bailey Road in Woodbury, and […]
The senior housing industry’s cyclical nature means it’s a matter of when, not if, the sector eventually gets overbuilt, and the biggest danger is in the lease-up phase—especially if there are several new developments in the same market. “In certain submarkets and certain product types, it will be overbuilt,” said Jeff Kraus, managing director of […]
Senior housing transactions may have reached a fever pitch toward the end of last year as sellers tried to beat the capital gains tax increase, but more acquisitions are continuing to close in 2013 and industry executives say still more opportunities are in the pipeline. “The deal pipeline is quite robust,” said Jay Flaherty, chairman and […]
When designing new (or renovating existing) senior housing projects, there needs to be an emphasis on the ability to transition or convert between different kinds of care units, a panel of senior living industry executives agreed at a session during ALFA’s Community 2012 event, held last week in Dallas, Tex. “Build with as much flexibility […]