Blending Assisted Living, Active Adult Nothing New for Engel Burman

Last month, Engel Burman Group began construction of two senior living developments in Mt. Sinai, New York. The $125 million project, set on 24 acres, consists of a 225-unit age-restricted community for residents 55 and older, and a 120-unit Bristal assisted living facility. Interest in the active adult segment is hot, as investors and operators […]

Movers and Shakers: Heritage Senior Living Announces VP Promotions; New Watermark ED

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. Visit SHN Jobs today. […]

Investor Group Makes $625,000-Per-Unit NYC Senior Housing Play

Another high-profile senior housing project is coming to Manhattan, through the nearly $150 million acquisition of a 15-story building on the Upper West Side. The art deco building has 239 units, meaning that the purchase price equates to more than $625,000 per unit. Despite this eye-popping sum, the incoming owners describe the building—which has a […]

Movers & Shakers: The Goodman Group’s New COO

The Goodman Group Appoints New COO Minnesota-based senior living developer and manager The Goodman Group appointed Craig Edinger as its chief operating officer. In his new role, Edinger will be responsible for The Goodman Group’s operational and business functions of its 70 senior living and health care, residential and commercial properties. Edinger has worked with […]

In the Pipeline: Senior Housing Construction Projects (12/3/15)

Construction: Planned Summerlin Asset Management Plans 2016 Groundbreaking for 135-Unit IL Project Summerlin Asset Management, a real estate investment company with offices in Lake Havasu City, Ariz. and Irvine, Calif., plans to break ground on a 135-unit independent living community in Houston during the first quarter of 2016. Architectural plans include 160,000 square feet of […]

In the Pipeline: Senior Housing Construction Projects (10/31/13)

Construction: Planned Developers Propose St. Louis-Area $20 Million Assisted Living Project The Grove Assisted Living, LLC, and Long Road Acquisition, LLC, are proposing a $20 million assisted living and memory care project for the Sunset Hills area located just outside of St. Louis, Missouri, reports St. Louis Business Journal. The project, dubbed The Grove in […]

In the Pipeline: Senior Housing Construction Projects (5/15/13)

Construction: Planned Texas Developers Plan Fort Worth Senior Living Community Dallas-based HealthCap Partners LLC and Fort Worth-based Hillwood Properties plan to develop a senior living community in Alliance Town Center in Fort Worth, Dallas Business Journal reports. The initial phase of construction would consist of 60-units of the senior living community, 40 of which would […]