Thanks to a complex transaction that was four years in the making, a distressed Florida continuing care retirement community (CCRC) will have a new owner and manager — and could become a model of modern senior living at a more affordable price point. “We identified this as an opportunity because it’s kind of been untouchable, […]
Big Rock Partners
A senior housing developer known for a high-end project near Walt Disney World has now set its sights on Kiawah Island, South Carolina. Florida-based Big Rock Partners is planning to build a $125 million, “highly amenitized” senior housing rental community in the island’s Freshfields Village. The 200-unit building, which is scheduled to break ground in the […]
The wellness revolution in senior living is here to stay, and much of it is powered by technology. In a senior living context, wellness focuses on five main components: the emotional, mental, physical, social and spiritual. Technology touches each of these elements. To compete in the next decade and beyond, senior living providers must understand […]
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: In progress $150 Million Senior Living Community Coming Together Near Denver Cappella Living Solutions will […]
Following an initial public offering (IPO), Big Rock Acquisition Corporation (Nasdaq: BRPAU) has its sights set on ultimately acquiring a large senior housing operator. Florida-based senior housing owner and investor Big Rock Partners just completed the IPO for Big Rock Acquisition Corporation, a new special purpose acquisition corporation. It raised $69 million in the IPO. […]
(Rendering of Atria at Villages of Windsor located in Palm Beach County, Florida — photo courtesy of Atria Senior Living) Construction: Planned Developers Investing $9 Million In New Memory Care Community A new memory care community is planned to start construction soon. The $9 million Fieldstone Memory Care community, located in Spokane, Washington, will be […]
Capital Funding Group Closes 3 Bridge-to-HUD Loans For Skilled Nursing Facility Acquisitions Capital Funding Group, a full-service provider of comprehensive financing solutions for health care facilities across the country, announced the closing of three bridge-to-HUD loans for acquisitions in North Carolina, Texas and California. A $10.8 million bridge-to-HUD loan will finance the acquisition of Creekside […]
Big Rock Partners, a real estate investment firm, recently announced it will break ground on a new senior living community in southern Palm Beach County, Florida, after securing a $68.2 million construction loan from Wells Fargo. The project is noteworthy for the involvement of Ventas Inc. (NYSE: VTR) as an equity partner, and as one […]
Construction: Planned Big Rock Partners Selects Construction Manager for $60 Million Luxury Community in Fla. Big Rock Partners, a national real estate investment management and development firm headquartered in Beverly Hills, Calif., has selected Balfour Beatty Construction to serve as construction manager for a resort-style, $60 million senior living rental community under development in Celebration, […]
Construction: Planned Big Rock Partners, Millennium Real Estate Group Plan $25 Million Community Big Rock Partners, a national real estate investment management and development firm based in Beverly Hills, Calif., and its joint venture partner Millennium Real Estate Group, of Port Royal, S.C., this week announced plans to begin construction next year on a $25 […]