CCRC in St. Charles, Missouri, Sold by IPA for $17 Million Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc. that specializes in serving institutional and major private real estate investors, announced the sale of Carrington Place of St. Charles, a 294-bed, 234-unit continuing care retirement community (CCRC) in St. Charles, Missouri. Carrington Place of […]
Capital Senior Living
Senior living design is a balancing act: Providers must create communities to suit the markets where they are today, but also position them with an eye toward a future that is in many ways uncertain. With an approach that emphasizes longevity and timelessness, that can be achieved. Gone are the days when communities used dated finishes, […]
Hospitality House Acquired for $3.6 Million Carlsbad, California-based Merrill Commercial Real Estate, Inc., a full-service real estate firm offering solutions in the senior housing space, recently closed the sale of Hospitality House senior community, with Menlo Management of Menlo Park, Calif., acquiring the property for $3.6 million, or $85,714 per unit, from an independent owner. Hospitality […]
Converting units to serve higher acuity residents can help senior living providers move the occupancy needle and generate significant revenue growth at underperforming communities. And one Dallas-based operator is proof of the success that can be achieved. Whether it is transforming units from assisted living to skilled nursing or assisted living to memory care, conversions […]
Greystone Real Estate Advisors Close Sale on 180-Unit Property in Texas Greystone, a real estate lending, investment and advisory company, recently announced its Real Estate Advisors group has closed the sale of Aspens at Twin Creeks in Allen, Texas. Kayne Anderson Real Estate Advisors of Boca Raton, Fla., acquired the stabilized property from Cadence Capital […]
Following a year that brought blockbuster acquisitions and record-breaking deal volume, this year’s ranking of the largest senior living providers reflects the growth and consolidation of the top players in the market. Notably, the biggest change in the list is the merging of Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD) and Emeritus Senior Living Corp. […]
A constantly evolving senior housing market presents a wealth of opportunity for operators to drive revenue growth and move the needle when it comes to occupancy. But it all has to start with a finely tuned sales and marketing strategy, according to a panel of industry experts during the Senior Housing News Summit in Dallas […]
Senior Housing News is proud to announce that we’re taking our annual Summit on the road this year with our first-ever Dallas-based event focused exclusively on senior living operators. Get Your Ticket Now — Space is Limited Please join us March 12 at the Tower Club in Dallas, Texas for a morning of networking and […]
American House Acquires Spring Lake, Michigan Community Bloomfield Hills-based American House Senior Living Communities is acquiring a 111-unit comment in Spring Lake, Mich., and has plans to renovate it, according to local reports. The community, now American House Lloyd’s Bayou, contains a mix of one- and two-bedroom apartments that range in size from 670 to […]
HealthLease Properties REIT Acquires Senior Care Facility for $34.3 Million HealthLease Properties Real Estate Investment Trust recently announced it had completed the acquisition of a Canadian senior care facility in High River, Alberta, from Continuum Healthcare Holdings, Ltd. for $34.3 million. Sunrise Village High River is a newly built facility with 176 units that provide […]