Essex Communities Pivots With Growing Middle-Market Active Adult Rental Model

A developer and investor in active adult communities is pivoting from an entrance fee model to middle-market rentals in order to spur move-in velocity in the age-restricted senior housing market. Omaha, Nebraska-based Essex Communities recently acquired The Reserve on Walnut Creek, a 121-unit age-restricted independent living community in Urbandale, Iowa, and will convert the property […]

Transactions & Financings: Columbia Pacific’s $136M India JV; CBRE Arranges $40M Financing Package

Columbia Pacific, Embassy Group to invest $136M in India Columbia Pacific Communities is partnering with Indian real estate developer, Embassy Group, to develop a pipeline of senior housing communities in major population hubs across India, Mint reports. The venture will invest ₹1,000 crore – $136.3 million in U.S. dollars – to develop a pipeline of […]

Movers & Shakers — Merrill Gardens Names New President

David Eskenazy Named President of Merrill Gardens David Eskenazy has been named the president of Merrill Gardens, the company announced today. He replaces Tana Gall, who announced earlier this year that she was leaving the company to pursue other interests. Eskenazy will assume his new role effective immediately. Eskenazy brings to the position more than […]

In the Pipeline: Senior Housing Construction Projects (1/29/15)

Construction: Planned Luxury $56 Million Senior Living Tower Planned for Houston Dallas-based Senior Quality Lifestyles Corporation (SQLC) is moving forward with plans to build a new $56 million tower this year at The Buckingham community in Houston, reports Houston Business Journal. The Tower at Buckingham will feature 187 new residences, including 104 independent living apartment […]

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 […]

Movers & Shakers — People and Positions for October, Part I

Lifespace Communities CCRC Hires New Executive Chef Urbandale, Iowa-based Deerfield, a Lifespace Communities CCRC, has welcomed Justin Comer as its new executive chef.  Comer brings to the position more than 20 years of culinary experience, serving in top roles at several area restaurants. He has worked as an executive chef at Centro and as the […]