South Bay Partners has built over 10,000 senior living units across the country since its founding in 1994. But the Dallas-based senior housing developer’s current pipeline may signal its most ambitious phase yet: South Bay has nearly 2,000 units under construction or in the design and development phase, with a total capitalization of over $1 […]
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 Omega Buys Land for Georgia Community Omega Communities recently acquired 10 acres of land […]
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 Officials OK Modernization of New York Affordable Senior Housing Community The Rochester City Council […]
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 year. […]
Senior living providers across the country have done some creative things to attract new residents, from installing touch-screen tables in community sales centers to offering potential residents the chance to “try before they buy.” Some tactics are riskier than others, though, including offering locked-in rents in which initial rates are frozen for a set period of time. […]
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 health center with 66 assisted living apartments, 28 memory support […]
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 Deal reported. The community, Discovery Village at Palm Beach Gardens, […]
$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 estate investment trust (REIT) Welltower Inc. and Canada Pension Plan […]
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. The 53-acre CCRC, which is planned for a site near […]
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, sold the retirement community to the Toledo, Ohio-based REIT. The […]
