In case you missed it…here are the top five stories grabbing Senior Housing News readers’ attention this week: 1. New Market Players Flock to Texas Senior Housing Boom—Demographics in the Lone Star State have created a hotbed for senior housing operators looking toward assisted living and memory care development. 2. Senior Living Marketers Say Success […]
Erickson Living
The launch of a new, proprietary app for its residents makes Erickson Living the latest senior living provider to take a national approach toward boosting connectivity and social engagement within its communities. Technology use among older adults has been ramping up in recent years, as 53% of adults age 65 and older are using the […]
Construction: Planned Senior Housing Trio to Break Ground on $20 Million Assisted Living Project Integral Senior Living announced this week that a new community it will manage will break ground on a new assisted living and memory care community in Torrance, California. Capitol Seniors Housing along with Welbrook Senior Living have begun development of Welbrook […]
Colorado is known for attracting people with active lifestyles and retirees are no exception, prompting developers to gear up for a growing senior population by adding thousands of units of 55+ and senior housing to the state’s existing inventory—far above national construction levels. The second quarter of 2013 logged 8,840 units of various types of […]
In case you missed it, here are the top five stories grabbing Senior Housing News readers this week: 1. In the Pipeline: Senior Housing Construction Projects—This weekly column features senior living development projects from around the country that are being planned, are in the process, or have recently been completed. 2. Erickson to Assume Ownership of […]
Devonshire PGA Holdings LLC and its associated entities, a continuing care retirement community based in Palm Beach Gardens, Fla., filed for chapter 11 bankruptcy protection in the U.S. Bankruptcy Court in Wilmington, Delaware on Thursday. A consensual deal has been reached by the CCRC’s owners and Erickson, the secured lender, and will be implemented through a […]
Nine of the biggest senior living companies are working with Harvard Medical School researchers to examine the sector’s role in the changing healthcare system. Brookdale Senior Living (NYSE:BKD), Atria Senior Living, Elmcroft Senior Living, Emeritus Corporation (NYSE:ESC), Erickson Living, HCP, Inc. (NYSE:HCP), Health Care REIT, Inc. (NYSE:HCN), Sunrise Senior Living, and Ventas, Inc. (NYSE:VTR) have […]
Construction: Planned Former Pabst Brewery to Become Senior Housing Apartments New York-based Whitestone Realty Capital LLC plans to create a 124-unit senior apartment complex at a former Pabst brewery in Milwaukee, BizTimes.com reports. The five-story community, to be called Towne Club at The Brewery, will feature 31 units for independent seniors, 66 assisted living units and 27 […]
Erickson Living has acquired all of the senior debt of the Devonshire at PGA National, an insolvent continuing care retirement community located in Palm Beach Gardens, Fla. currently owned by SHP Senior Living Services. The owner of the Devonshire and the associated Chatsworth healthcare properties defaulted last year on a $158.4 million mortgage loan and approximately $17 million […]
An investor who specializes in distressed real estate recently bought an unfinished senior housing complex in Hilliard, Ohio for a fraction of what it cost former owner Erickson Retirement Communities LLC to develop. Alex Dorsey, owner of The Windsor Companies, placed the winning—and sole—bid of $8.26 million for Hickory Chase, a retirement community with a […]
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