With large glass windows, abundant balconies and a modern design, The Village at The Triangle might not look like senior housing to the casual eye. But those who step inside the building will find a 206-unit rental continuing care retirement community (CCRC) equipped with many of the same amenities you’d find at a resort hotel, […]
New Senior Investment Group Issues Fortress Affiliate $40 Million in Series A Preferred Stock New Senior Investment Group (NYSE: SNR) filed an 8-K form with the Securities and Exchange Commission (SEC) indicating the New York City-based real estate investment trust (REIT) issued 400,000 shares of Series A Preferred Stock to FIG LLC, an affiliate of Fortress Investment Group (NYSE: […]
MidCap Closes First Mortgage Loan for Florida Community MidCap Financial, a commercial finance firm that concentrates on middle-market transactions, recently closed a transaction with Zon Living Concepts, LLC. The senior housing and senior care company owns and operates Zon Beachside, a Class A assisted living and memory care community in Indian Harbour Beach, Florida. The […]
(Rendering of Landmark Memory Care located in Lafayette, Colo. — Photo courtesy of Landmark Memory Care) Construction: Planned Development of Thrive at Green Island Community Announced Flournoy Development Company of Columbus, Ga. and Atlanta-Based Thrive Senior Living announced their partnership to develop Thrive at Green Island in Columbus, Ga. Flournoy will be the developer for […]
Greystone Closes $210 Million Sale of 8-Property Senior Housing Portfolio Greystone Real Estate Advisors, a real estate lending, investment and advisory company, closed the sale of an eight-property senior housing portfolio for $210 million. Seven of the properties are in Texas, with another located in Oklahoma. Greystone represented the sellers in the transaction, Harrison Street […]
Greystone Real Estate Advisors Closes Sale of Seniors Housing Community in Texas Greystone, a real estate lending, investment and advisory company based in New York City, announced its Real Estate Advisors group closed the sale of Spring Creek Village, a newly-constructed 108-unit memory care and assisted living community in Spring, Texas. Financial details were not disclosed. […]
Senior housing operators will be forced to address the growing need of low- to moderate-income seniors in the coming years, as an estimated 3.5 million seniors today don’t have enough money to pay for higher acuity services. The high-end senior living facilities that have emerged within the past few years just won’t cut it when […]
Where looming demographics and a lack of adequate supply are widening the rift between high-end and affordable senior housing, some providers have found solid ground in the middle-price point development market. Providers who have begun to target the middle-income bracket have already seen rewards in the form of lower development costs and the anticipated demand […]
In case you missed it, here are the top five stories grabbing Senior Housing News readers’ attention this week: Texas Senior Housing Newcomer Avanti Plans 7 New Communities for 2014—The relative newcomer to senior living development and operations, Avanti Senior Living, announced it has plans to develop seven new properties this year in Texas—and beyond. […]
With private senior housing concepts often geared toward the high end consumer, a question has remained among senior living developers and operators as to meeting the needs of the less-affluent consumer who might not be able to afford the rising costs of today’s senior living monthly rents. One Texas developer has begun a foray into […]
