The Shelter Group Exits Affordable Housing in Favor of Senior Living

Baltimore, Maryland-based The Shelter Group is bowing out of the affordable-housing sector, instead shifting its focus on to growing its Brightview Senior Living portfolio. Founded in 1977, The Shelter Group is a privately held real estate development and property management firm, specializing in multi-family and senior living communities. The group recently sold 43 of its affordable […]

Senior Housing Finance Activity: Walker & Dunlop, CBRE

Walker & Dunlop Arranges $39.7 Million Loan in Honolulu, Hawaii, $5 Million Construction Loan in Murfreesboro, Tennessee Walker & Dunlop, Inc. (NYSE: WD), a commercial real estate finance company providing financing and investment sales to owners of multifamily and commercial properties, announced it arranged a $39.69 million loan for Plaza at Pearl City in Honolulu, […]

In the Pipeline: Senior Housing Construction Projects (4/23/15)

Construction: Planned Legend Senior Living Proposes $80 Million Project for Golf Club Redevelopment Wichita, Kan.-based Legend Senior Living recently submitted a proposal to build an $80 million community as part of a 136-acre redevelopment of the Meadowbrook Golf & Country Club in Prairie Village, Kan., reports Kansas City Business Journal. Legend, which owns and operates […]

Senior Living Operators Tread Lightly on Tech’s Digital Divide

Senior living is rife with new technologies for residents and operators alike. But with an abundance of solutions and opportunities for providers to traverse the digital divide, it’s easy to get swallowed in the abyss. Whether it’s a wearable device, remote monitoring or some form of workflow management system, the senior living sector abounds with […]

In the Pipeline: Senior Housing Construction Projects (2/5/15)

Construction: Planned Georgia Developers Partner on New Senior Living Project Canopy Lifestyles and Campus Realty Advisors have joined to announced their newest senior living community to be developed in Braselton, Ga., the companies announced this week. The residence will offer independent, assisted living and memory care services at a location that is adjacent to the […]

In the Pipeline: Senior Housing Construction Projects (6/19/14)

Construction: Planned CarDon & Associates Planning $17.6M Assisted Living Expansion Bloomington, Indiana-based CarDon & Associates is planning a $17.6 million expansion of its assisted living community in Fishers, IN, reports Indianapolis Business Journal. Plans call for CarDon & Associates to add a second phase of assisted living apartments and 18 cottages to The Reserve at […]

In the Pipeline: Senior Housing Construction Projects (6/5/14)

Construction: Planned California City Council OK’s $62.8M Senior Living Redevelopment The City Council of Pleasanton, California, recently approved a $62.8 million redevelopment project for a senior living community that will begin construction next year, reports Pleasanton Weekly.  California-based developer MidPen will tackle the redevelopment project, which will replace two senior apartments and give residents the […]

In the Pipeline: Senior Housing Construction Projects (5/22/14)

Construction: Planned Two Senior Living Communities OK’d for Burleson, TX Proposals for two different senior living communities were approved this week for Burleson, Texas, reports Burleson Star. Mariposa Apartment Homes is the first of the two projects. The proposal calls for four three-story buildings with 180 units, a dog park, pavilion, walking course, gaming and […]

In the Pipeline: Senior Housing Construction Projects (5/1/14)

Construction: Planned Pacifica Senior Living to Convert Florida Hotel into Assisted Living Pacifica Senior Living will soon convert a Comfort Suites hotel in St. Augustine, Florida into a 125-unit assisted living community, reports The St. Augustine Record. Pacifica was granted a preliminary approval for the project back in December from the St. Johns County Growth Management […]