Construction: Planned Lifespace Communities Location Near Chicago Plots Big Redevelopment Oak Trace, a Lifespace community in Downers Grove, Illinois, has announced plans for a $150 million redevelopment and expansion project, according to a press release. The first phase of the redevelopment will include a new Read More »
Senior Housing Investments & Transactions: Kayne Anderson, SLIB Sales
Kayne Anderson Buys $38 Million Palm Beach Gardens Community An affiliate of Kayne Anderson Capital Advisors, an alternative investment firm that manages more than $23 billion in assets, purchased a newly completed senior housing community in Palm Beach Gardens, Florida, for $38 million, The Real Read More »
Senior Housing Investments & Transactions: HFF Closes $569 Million Joint Venture
$569 Million Joint Venture Sale of Florida Senior Housing Portfolio Closed by HFF Holiday Fenolglio Fowler, L.P. (HFF) closed a $569 million sale of a six-property seniors housing portfolio in Florida, known collectively as Aston Gardens. The sale was a joint venture between health care real Read More »
In the Pipeline: Senior Housing Construction Projects (3/3/16)
Construction: Planned San Diego City Officials Approve Plans for $150 Million CCRC Officials with the San Diego City Council recently gave unanimous approval for the construction plans of The Glen at Scripps Ranch, a $150 million continuing care retirement community (CCRC), reports San Diego Business Journal. Read More »
Senior Housing Investments & Transactions: Welltower, Summit
Welltower Buys Florida Senior Living Community for $79 Million Welltower (NYSE: HCN) acquired the 325-unit Aston Gardens senior living community in Parkland, Florida, for $78.62 million, or $241,908 per unit. AG Parkland Senior Housing I LLC, an affiliate of Boca Raton, Florida-based Kayne Anderson Real Estate Advisors, Read More »
In the Pipeline: Senior Housing Construction Projects (4/2/15)
Construction: Planned Developers Propose 122-Unit Senior Housing Development in Mass. A group of housing developers and investors say their proposed 122-unit senior housing project in Wareham, Mass. would be a perfect fit within the the community, reports local WarehamVillageSoup.com. Representatives of real estate asset acquisition Read More »
In the Pipeline: Senior Housing Construction Projects (1/5/14)
Construction: Planned Omega Communities Buys Fla. Site for New $25 Million Community Birmingham, Ala.-based developer Omega Communities this month acquired a nine-acre site in Fort Myers, Fla., which will be the location of the company’s third project in southwest Florida this year. Unlike Omega’s other Read More »
In the Pipeline: Senior Housing Construction Projects (10/30/14)
Construction: Planned Ecumen Targets Younger Residents with $20 Million Proposed Co-op Ecumen, a non-profit senior living organization based in Shoreview, Minn., is developing an age-55 and older co-op in the Glen Lake neighborhood of Minnetonka, reports Minneapolis/St. Paul Business Journal. The proposed $20 million project Read More »
In the Pipeline: Senior Housing Construction Projects (10/16/14)
Construction: Planned Avanti Senior Living Plans Louisiana Market Expansion Texas-based assisted living and memory care provider Avanti Senior Living is planning to expand into the Louisiana market, beginning with Baton Rouge and Covington. The cities will soon be home to Avanti’s next projects, 77,000-square-foot communities Read More »
New Entrants Drive Senior Housing Investor Market to New Heights
With a demographic boom ahead driving undeniable demand, the senior housing sector is attracting a slew of investors, an investment banking firm said during a webinar Thursday. There has been a shift among investors toward the real estate industry, specifically signaling a direct need of Read More »