(The Tower at The Buckingham – Photo courtesy of Senior Quality Lifestyles Corporation) Construction: Planned Developer Planning $250 Million CCRC in Calif. San Luis Obispo, Calif.-based general contracting firm John Madonna Construction Co. is proposing a 342-unit continuing care retirement community (CCRC) on 111 acres in the area, reports San Luis Obispo’s The Tribune. John Madonna, […]
Brookdale Senior Living
Brookdale Senior Living (NYSE: BKD) has experienced its share of growing pains after acquiring Emeritus last year. And now, three full quarters since, the nation’s largest senior housing provider continues to see some near-term shortfalls due to integration challenges—namely, turnover of communities’ management staff and ineffective marketing campaigns. In the second quarter ended June 30, […]
Ziegler Arranges Sale of Six-Property Portfolio to Griffin-American Healthcare REIT III Chicago-based specialty investment bank Ziegler recently announced the closing of the sale of the Brentwood Portfolio on behalf of SLCM, LLC., a developer and provider of senior housing in Indiana and Michigan. The portfolio, which was purchased by Griffin-American Healthcare REIT III under a […]
The U.S. faces an impending surge in the number of seniors who will require long-term care, while simultaneously facing a staggering shortage in the number of caregivers to serve them. This situation carries serious implications for senior housing providers in the coming years, but they may be able to avoid this “caregiver cliff” by recruiting […]
(Heartis Assisted Living and Memory Care — Photo courtesy of McShane Construction Company) Construction: Planned Integral Senior Living Begins Development on Santaluz, Calif. Community Carlsbad, Calif.-based Integral Senior Living this week announced it has broken ground on the development of its newest community, Santaluz Senior Living in Santaluz, Calif. Slated to debut December 2016, the new […]
Canada-based Extendicare Inc. has completed the $870 million sale of its U.S. business to a group of investors led by private equity firm Formation Capital, LLC, effective July 1, the company announced today. The Canadian skilled nursing giant may use the proceeds in part to increase its involvement in the private pay retirement community sector […]
Brookdale Senior Living (NYSE: BKD) and HCP, Inc. (NYSE: HCP) have closed their previously announced portfolio acquisition of 35 private-pay senior housing communities from Chartwell Retirement Residences for $847 million. Brentwood, Tennessee-based Brookdale has operated the portfolio, which includes 5,025 units, since 2011 after its acquisition of Horizon Bay, and will continue to manage the […]
Yes, the Supreme Court has upheld Obamacare subsidies, in this week’s biggest health care story … but just one day before the high court handed down its decision, The New York Times ran a story on another issue of pressing national importance: Madonna is getting older. OK, we’re being tongue-in-cheek, but we think Jancee Dunn’s […]
Brookdale Senior Living (NYSE: BKD) announced today a change-up at the executive level, which will see the company’s current president and chief financial officer taking on a more active role in operations following the resignation of one chief officer. Brookdale President and CFO Mark Ohlendorf will transition from his current dual roles to an “enhanced […]
The fastest-growing U.S. metro is already a haven for the nation’s aging population. And it’s about to get even bigger. Florida is often considered a retirement destination for snowbirds and seniors looking to live in a mild climate. Although The Sunshine State didn’t make the top-10—or even top-20—states to retire this year, it is home […]
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