Tyler Belanger has slept in his office since mid-March. Belanger, owner of Shady Oaks Assisted Living in Bristol, Connecticut, gave up his home next door to the 36-unit facility for staff members to live in during the coronavirus pandemic. Other staff are living in five recreational vehicles Belanger purchased, and still others are living in […]
Occupancy is one of the most important contributors to net operating income (NOI), but in the face of ongoing struggles nationally with oversupply, operators can continue to boost their NOI through other means. Because this is the case, those who focus too much on occupancy as a metric for the health of senior living communities […]
Capital One closes $109M loan to Meridian Senior Living Capital One served as the administrative agent for a $108.9 million loan to a joint venture owned by Sino-Ocean Capital and Meridian Senior Living. The borrower will use a portion of the proceeds to acquire two senior housing communities in Florida, the 106-unit Symphony at the […]
Urban markets, mixed-use developments and wellness-focused programming are all hot trends in senior living. One project in the Miami area blends all three and is nearing completion. Aventura ParkSquare (rendering above) is a $300 million, 7.4-acre project that will include a 141-unit assisted living and memory care community to be operated by Royal Senior Care, […]
A longtime senior housing provider that has pivoted to developing intergenerational communities within mixed use developments is poised to soon bring a 375-unit senior housing community to California’s Bay Area. Portland, Oregon-based Generations LLC has partnered with San Diego, California-based health care real estate developer Pacific Medical Buildings to build the community and various public-facing […]
Yardi Unveils CRM Mobile App Yardi, a provider of real estate investment and property management software solutions, has introduced a mobile app for its Yardi Senior CRM product. Yardi Senior CRM delivers visibility into marketing and sales activities with customer relationship management (CRM) tools designed for senior living providers. The new mobile app allows users to securely […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Artis Senior Living to Open Ohio Memory Care Community Artis Senior Living has purchased a […]