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 those trying to get into the senior housing space, said […]
Discovery Senior Living
Construction: Planned Pathway Senior Living Proposes 120-Unit Supportive Living Facility Des Plaines, Illinois-based Pathway Senior Living is proposing to build a 120-unit senior living facility in Lake Zurich, a northwest suburb of Chicago, reports Lake Zurich Courier. Village trustees have agreed that the proposal to build a three-story supportive living facility on part of six […]
Two senior living developers are going big on Florida with a combined nine-project pipeline that favors rental care continuum communities and a concerted effort to build and strengthen brand presence. Rather than the entrance fee continuing care retirement community model, both Discovery Senior Living and an affiliation between REDICO and American House are opting for rental […]
A Florida-based senior living developer is investing heavily in the market with five new senior living campus that will add more than 700 units to its existing portfolio. Discovery Senior Living, headquartered in Bonita Springs, Fla., recently partnered with private equity group Kayne Anderson Real Estate Advisors for joint venture ownership and management of portfolios […]
Senior housing is looking like the ‘flavor of the month’ for investment, its appeal increasing thanks to favorable demographic and performance trends that are expected to continue, investors say. Private equity firm Kayne Anderson Real Estate Advisors has invested more than $700 million into senior housing assets in recent months and believes the sector is […]
Discovery Senior Living, a developer and manager of luxury senior living communities, is expanding its reach into Texas after landing a management contract for five communities in the Lone Star State. The Bonita Springs, Florida-based company was named the exclusive manager of The Conservatory senior living communities in Texas, according to an announcement made Wednesday […]
Construction: Planned Marathon Development to Break Ground on Texas Assisted Living Project Bellevue, Washington-based developer Marathon Development, Inc. has plans to break ground this year on a new assisted living and memory care community in San Antonio, Texas. The company is scheduled to begin construction this June on Solace at Stone Oak, a 62,000-square-foot development […]
Two Assisted Living Homes Sell for $19 Million Senior Living Investment Brokerage, Inc., facilitated the sale of two assisted living properties for $19.1 million located in Ellijay and Canton, Georgia. The personal care homes sold in the deal, Cameron Hall Canton and Cameron Hall Ellijay, comprise 153 units of assisted living and memory care services, with […]
A Florida-based operator and developer of senior housing has acquired six properties in the Sunshine State under its newest partnership with a private equity firm. Through a new partnership between Discovery Senior Living and Kayne Anderson Real Estate Advisors (KAREA), the companies have acquired six Class A properties comprising 1,930 units of senior housing, formerly […]
NHI Buys Senior Living Campus for $12 Million National Health Investors, Inc. (NYSE: NHI) announced last week a $12 million acquisition of a 120-unit retirement community in Rainbow City, Ala. Built in 2003, the Regency Point Retirement Community contains 72 rental independent living units, 36 assisted living units and 12 memory care units, altogether having […]
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