Senior Housing Investments & Transactions: Greystone Closes $210 Million Portfolio Sale

Greystone Closes $210 Million Sale of 8-Property Senior Housing Portfolio  Greystone Real Estate Advisors, a real estate lending, investment and advisory company, closed the sale of an eight-property senior housing portfolio for $210 million. Seven of the properties are in Texas, with another located in Oklahoma. Greystone represented the sellers in the transaction, Harrison Street […]

In the Pipeline: Senior Housing Construction Projects (12/10/15)

Construction: Planned Aspire Development Partners Plans Fla. Senior Living Community Atlanta-based senior housing developer Aspire Development Partners recently announced plans to develop a new senior living community in the north Florida island community of Amelia Island. Construction is scheduled to begin in early 2016 on the project located on Amelia Island Parkway near the Fernandina […]

Fastest-Growing Nonprofit Senior Housing Providers

Ecumen, National Senior Campuses and Episcopal SeniorLife were among the fastest-growing nonprofit senior housing providers in 2014, according to the 2015 LeadingAge Ziegler 150. The LZ 150, now in its 12th edition, lists the largest not-for-profit systems offering aging services through senior living in the country, among other statistics. This year, the top three largest not-for-profit […]

In the Pipeline: Senior Housing Construction Projects (10/15/15)

Construction: Planned Chamberlain Senior Care Buys Land for $15 Million Senior Housing Campus Cincinnati-based Chamberlain Senior Care, LLC, recently announced that it has acquired a 14.8-acre property in eastern Jefferson County in Louisville, Ky.—a site that will be home to what the company promises to be a “cruise ship on land.” The Jefferson County Board […]

Movers & Shakers: Premier Senior Living’s New Directors

Pinnacle Chairman Appointed to Long-Term Care Board Rob McCabe, Pinnacle Financial Partner’s co-founder and chairman, has been appointed to the board of Diversicare Healthcare Services, a long-term care provider located in Brentwood. Pinnacle Financial Partners is a Nashville-based financial firm with $6 billion in assets. McCabe will serve as a member of the board’s audit […]

In the Pipeline: Senior Housing Construction Projects (7/23/15)

(Stonecroft Health Campus in Bloomington, Ind. — Photo courtesy of Mainstreet and Trilogy Health Services) Construction: Planned Benchmark Senior Living to Break Ground in Woburn, Mass. The Wellesley, Mass.-based operator will break ground on their newest senior living community, Benchmark Senior Living at Woburn, on July 29th at 10:30. This $30 million development project will bring […]

Movers & Shakers — Lancaster Pollard Names New CEO, President

Lancaster Pollard Announces Leadership Changes, New CEO Lancaster Pollard announced Thursday that CEO Tom Green and President Brian Pollard will transition day-to-day management of the firm and have announced a new leadership team, effective immediately. Green and Pollard will continue to serve on the board as chairman and vice chairman respectively.  Nick Gesue, previously senior vice president […]

Movers & Shakers — Ecumen Welcomes New COO

Mainstreet Welcomes 4 New Hires to Growing Team Carmel, Indiana-based Mainstreet, the nation’s largest developer of transitional care properties, has added four new employees to its team. Jared Allen is Mainstreet’s new senior information technology server and infrastructure administrator. He joins Mainstreet from Experian, where he served as a system engineer. Andi Amburgey has joined […]

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 calls for a 58-unit complex to be located on the […]

Ecumen Partners with Universities to Address Rural Senior Care Shortage

A new $1.9 million grant to address a rural senior care shortage in Minnesota aims to attract students to the field of senior living before they graduate. Ecumen, a non-profit senior housing provider that operates in many rural Minnesota communities, and the statewide system of Minnesota State College and Universities (MnSCU) are collaborating to introduce […]