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, the annual SHN Awards Competition. Construction: Planned $60 Million Senior Living, Multifamily Community Planned in Ohio Trustees in Sugarcreek Township, Ohio, […]
Civitas Senior Living
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, the annual SHN Awards Competition. Construction: Planned Civitas Announces New Texas, Arizona Communities Ascend Partners and Civitas Senior Living have announced […]
Construction: Planned Upscale Senior Living Community to Open Near Emory A new upscale senior living community is planned to open near Atlanta’s Emory University in 2019. The Holbrook Decatur will cost $74 million and have 71 apartments for people in the “active 50-plus” demographic, according to Decaturish.com, a local news site. Amenities will reportedly include […]
Civitas Takes On Management of New Mexico Senior Living Community Civitas Senior Living, a Fort Worth, Texas-based senior living management company, will be taking over operations of Elan Santa Monica, an assisted living and memory care community in Albuquerque, New Mexico. The 113-unit property was developed by Titan Senior Living, the senior housing development arm of […]
Construction: Planned Silverado Plots Memory Care Community in California Silverado Senior Living has plans to build an 82-bed memory care community in Thousand Oaks, California, reports the Thousand Oaks Acorn, a local news website. The Irvine, California-based provider is currently waiting on a zoning change from local officials. Age-restricted Community Opening Near Milwaukee Apartments for active […]
Summit Acquires Assisted Living and Memory Care Community for $13 Million Summit Healthcare REIT, Inc. announced that it acquired a 90-bed assisted living and memory care facility in Chandler, Arizona, for $13.4 million. The community will be leased to Compass Senior Living, a Eugene, Oregon-based operator who leases six other facilities owned by Summit. The […]
Construction: Announced Traditions Senior Living and Southern Group Announce New Tennessee Community Operator Traditions Senior Living and developer Southern Group have plans to open a new senior living community in Smyrna, Tennessee. As planned, the 111-unit senior housing community will offer independent living, assisted living and memory care services, according to a press release. Amenities will […]
Blackstone Buys Florida Properties for $155 Million Blackstone Group (NYSE: BX) purchased four senior living communities from Welltower Inc. (NYSE: HCN) in South Florida for a combined $154.7 million. The acquisitions are part of a previously announced $1.13 billion deal between Blackstone and Brookdale Senior Living (NYSE: BKD). The transactions include: Mangrove Bay, a 155-unit complex […]
Thorofare Capital Provides $19 Million Loan for Senior Living Community in Phoenix Los Angeles-based investment manager Thorofare Capital recently provided a $19 million, fixed-rate bridge loan to refinance debt on MorningStar at Arcadia, a 135-bed senior living community in Phoenix. MorningStar Senior Living operates the four-story, 139,643-square-foot community, which has 80 assisted living units and 30 memory […]
CA Ventures Announces 2 Promotions in Senior Living Division CA Ventures, a Chicago-based real estate investment holding company, announced the promotions of three senior executives: Ben Burke to president of CA Senior Living, the company’s senior housing entity; and Matt Booma to executive vice president in the same division. Burke joined CA Ventures in 2015, […]