Construction: Planned Civitas Community Planned in Texas Civitas Senior Living is developing a new senior living community for people ages 55 and up, located in Azle, Texas. The community will be Civitas’ fourth community in Tarrant County and its 25th location, nationwide. Legacy Oaks at Azle will have 123 independent living apartments and 77 assisted […]
Another multifamily developer is taking the dive into the senior housing business and is developing a small but focused pipeline of independent living, assisted living and memory care communities with an established operator. Ian Guttman, vice president of Hills Properties and newly-founded Guttman Properties in Cincinnati, has seen first-hand the demand for senior housing as […]
(Rendering of Market Street Memory Care Residence, located in Palm Coast, Fla. — Photo courtesy of Watercrest Senior Living Group) Construction: Planned Development Announced for Memory Care Communities Market Street Memory Care Residences, located in Palm Coast, Fla., will break ground in December. The community, owned and operated by Watercrest Senior Living Group, will be 46,000 square feet […]
(Project rendering of Spring Cypress Assisted Living and Memory Care, a senior living community managed by Civitas Senior Living in Cypress, Texas — Photo courtesy of Civitas Senior Living) Construction: Planned Developers Plan Civitas Assisted Living and Memory Care Project for Cypress, Texas The National Realty Group and MedCore Partners will begin construction late May to deliver an 80-unit […]
(Tribute at Heritage Village — A senior living community in the Washington, D.C. metro area developed and operated by Atlanta-based Thrive Senior Living) Construction: Planned Civitas Senior Living Plans Summer Construction for Texas Community Officials with Fort Worth, Texas-based Civitas Senior Living and Summerlin Asset Management announced last week that construction will begin this summer […]
(Rendering of a new Allegro Senior Living community under construction in Orlando, Fla. — photo courtesy of Allegro Senior Living, LLC) Construction: Planned National Church Residences to Break Ground Next Week for $35 Million Ohio Project National Church Residences, a not-for-profit senior housing provider, plans to break ground May 9 for Inniswood Village, a new senior living […]
be.group and ABHOW Affiliation Approved in California The formal affiliation of be.group and American Baptist Homes of the West (ABHOW), two of California’s leading non-profit senior housing providers, has been approved by state regulators, completing the previously announced unification. The two organizations have officially combined and are now the state’s largest non-profit provider and the […]
CareTrust REIT Announces Two Acquisitions CareTrust REIT, Inc. (NASDAQ: CTRE) has acquired a portfolio of nine skilled nursing facilities in Iowa. CareTrust is a publicly-traded real estate investment trust (REIT) that focuses on the acquisition and leasing of seniors housing and health care-related properties. The portfolio includes 518 operating skilled nursing beds that will be […]
Construction: Planned Abby Development Plans $40 Million Texas Senior Living Community Dallas-based developer, owner and operator of luxury senior housing communities, Abby Development, this week announced plans to build a new project in Baytown, Texas. Dubbed Arabella of Baytown, the new community will be an approximately 284,000-square-foot development that will feature 100 independent living units, […]
Civitas Senior Living, an assisted living and memory care operator based in Fort Worth, Texas, is expanding its scope of care with the opening of Civitas Post-Acute, a division that will manage skilled nursing and rehabilitation centers. Civitas specializes in development, acquisitions, operational management and consulting for senior housing properties. Civitas Post-Acute will begin its […]
