Five Star Senior Living (Nasdaq: FVE) this week offered a business update, covering its transition of 108 communities to new operators, as well as occupancy improvements for the communities it will continue to operate for Diversified Healthcare Trust (Nasdaq: DHC). Occupancy across the Diversified portfolio ended August at 74.7%, a 100 basis point improvement over […]
Catholic Charities of Baltimore
Construction: Planned Developers Inch Closer with Independent Living Homes The Development Review Board approved the final plat layout for Black Mountain Estates, a senior housing independent living community in Brattleboro, Vermont, reports Brattleboro Reformer. Developers John and Lori Brunelle hope to begin construction of the 31 homes in September, with resident move-in anticipated by the end […]
Pennrose Properties to Build and Manage $19 million LGBT Senior Housing Complex in Philly Pennrose Properties is planning a $19 million affordable senior housing complex in a Philadelphia location known as the “Gayborhood,” reports Pride Source. The development firm recently received $8 million in financing from the Pennsylvania Housing Finance Agency, and plans to obtain the […]
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