Silverstone Senior Living has named industry veteran Tami Cumings to the newly created role of COO as the company preps its next round of growth. As COO, Cumings is slated to oversee asset management, property operations, sales and marketing for the company’s growing senior living portfolio. She also will aid the company as it embarks […]
Caddis
Co-living is not a new concept as an option for older adults — the classic series The Golden Girls brought a co-living arrangement to life on people’s television sets in the 1980s and 1990s. But innovations in co-living are dovetailing with the Covid-19 pandemic, which has aging baby boomers looking for alternatives to traditional, communal […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Submissions are currently open. Construction: In progress Integral Breaks Ground on Nevada Community Integral Senior Living (ISL) is slated to manage a senior living community under […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
Columbia Pacific-Singapore Press Holdings Canadian portfolio deal Columbia Pacific Advisors and Singapore Press Holdings mutually agreed to terminate a previously announced sale of a six-property, 717-unit Canadian senior housing portfolio due to global market instability stemming from the Covid-19 pandemic. The acquisition price was about $175 million, Deal Street Asia reported Wednesday. Singapore Press Holdings […]
New Senior completes $385M AL/MC Portfolio sale New Senior Investment Group (NYSE: SNR) completed the $385 million sale of its entire assisted living and memory care portfolio for a gross sale price of $385 million (the “Transaction”). Proceeds from the transaction, which was first announced last November, were used to reduce debt by approximately $360 […]
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 and the annual SHN Awards Competition. Construction: Planned Assisted Living, Memory Care Community Planned in Connecticut Senior Living Advisors (SLA) recently […]
Nationwide senior housing occupancy is near a historic low, as many providers across the U.S. are grappling with oversupply. The average U.S. senior housing occupancy increased to 88% percent in the third quarter of this year, while construction versus inventory in the U.S. was 6.7%, according to data from the National Investment Center for Seniors […]
Solvere Living is a third-party management service with a growing list of ownership and development partners. But the company has plans to own real estate within the next three years, and its parent organization has a unique slate of services intended to keep it busy during the ebb and flow of the cyclical senior living […]
Cushman & Wakefield brokers $48.5 million South Carolina assisted living portfolio sale Cushman & Wakefield Senior Director Paul Carr, Director David Kliewer and Executive Director Allen McMurtry represented Graycliff Capital Senior Housing in the $48.4 million sale of three assisted living and memory care communities in South Carolina’s upstate region. The buyer was Birmingham, Alabama-based […]
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