In the Pipeline: AmeriCare Health’s New Flagship Community; Engel Burman Opens No. 15 on Long Island

Construction: Planned Erickson Opens Sales Center for Planned Community Erickson Living has opened a sales center for Avery Point, a continuing care retirement community (CCRC) slated to open in Short Pump, Virginia. Construction will occur in phases, with the first phase consisting of two residence buildings with 218 units and a community clubhouse scheduled to […]

Transactions & Financings: Covid-19 Market Instability Halts About $325M in Acquisitions

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 […]

Multifamily Firm Berkshire Residential Targets Senior Housing, Hires Industry Veteran

Berkshire Residential — a Boston-based real estate firm with over $8 billion of assets under management — has set its sights on senior housing. The company has already raised and started to deploy one dedicated senior housing fund, with further fundraising underway. And Berkshire earlier this year hired industry veteran Matthew Whitlock to lead its […]

Movers & Shakers: New Springpoint CIO; HRA Names Sales and Marketing VP

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 […]

In the Pipeline: South Bay, SageLife Team Up in Pennsylvania; Clearwater Starts Work in Nevada

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 South Bay, SageLife Join Forces for Pennsylvania Project South Bay Partners, through its joint […]

Former Kimpton Hotels President to Lead Wolff’s New Senior Living ‘Resident Experience Company’

In 2016, private equity-backed multifamily real estate firm The Wolff Company announced an ambitious senior living development pipeline. Now, with three Revel-branded independent living projects open and 14 more in the works, Wolff is taking over ongoing management of the properties as well. The company has tapped a heavy-hitter from the hospitality world to lead […]

Wolff Co., Clearwater Living Move Forward on Upscale Senior Housing Pipeline

The Wolff Company and its operating partner, Clearwater Living, are making progress on their plan to open wellness-focused senior living communities throughout the Western U.S. Wolff, a private equity firm and developer headquartered in Scottsdale, Arizona, first entered the senior housing sector in 2016. Before that, the company previously dealt with multifamily assets. The two companies’ […]

Transactions & Financings: Clearwater Living, Solinity

CBRE Arranges Financing for Two Communities in Connecticut  CBRE National Senior Housing Vice Chairman Aron Will recently secured construction financing on behalf of a joint venture between Chicago-based real estate investment holding company CA Ventures and a global investment manager for two properties known as Farmington Senior Living and Simsbury Senior Living. The properties comprise […]