Construction: Planned St. Louis Community Plans $14.6 million Renovation and Construction Projects Nazareth Living Center, a 140-bed skilled nursing facility and 150-bed assisted living community in St. Louis, is planning a renovation and the construction of an assisted living facility—a project that will cost $14.6 million, reports St. Louis Business Journal. While Nazareth already provides […]
A number of factors make China a prime frontier for senior living investment, and several U.S. investors have already begun to make significant inroads into the vast market. But other key players continue to avoid China, raising questions about the advantages and disadvantages of entering the Asian scene. Compelling aging demographics, coupled with a shift […]
As the United States comes to grips with its own graying population over the next decade, real estate developers in China are looking to American senior living companies for expertise in providing both housing and health care-related services to serve their own aging boom. Last week, Irving, Texas-based Greystone Communities announced a development and management […]
Memory care is set to boom, but not all operators are jumping on the trend in the same way. Some providers are ramping up development of stand-alone memory care models, while others are expanding existing facilities or building new ones to add memory care to existing senior housing communities. The majority of senior housing leaders […]
In case you missed them, here are the top headlines grabbing Senior Housing News readers’ attention this week. Brookdale and HCP to Acquire 35 Chartwell Communities for $849 Million—The senior living operator-owner duo agreed to purchase Chartwell’s entire U.S. senior living portfolio for $849 million. The portfolio will be acquired using a RIDEA joint venture […]
While many providers are planning ahead for the amount of seniors expected to double by 2050, economist Dr. Arthur B. Laffer says it’s important to note the impact seniors have on the national economy as a whole as both powerful consumer and voter. “Seniors are like everyone else, just older,” Laffer says. “They like to make money, […]
Construction: Planned Developers Plan $40 Million Lake Geneva Senior Housing Whitestone Realty Capital plans to build a $40 million, 126-unit senior housing community near a Lake Geneva resort, reports Milwaukee Business Journal. The development will offer 100 independent living units, 40 assisted and 20 memory care, according to an official from Whitestone cited in the […]
Freddie Mac is rolling out a new product for senior housing that will compete with banks and other existing financing sources for development and repositioning within the sector. Greystone has secured the first-ever revolving credit facility for seniors housing offered by Freddie Mac, on behalf of Oakmont Senior Living, in the amount of $150 million. […]
For many senior living companies, the holiday season is by far the biggest sales opportunity of the year, with some seeing inquiries increase as much as 25% post-Thanksgiving and double that in January. The industry historically experiences increased inquiries right before and immediately after Thanksgiving, says Chris Rodde, CEO of SeniorHomes.com, an online directory and […]
Happy New Year, senior housing professionals! It’s 2013, and we have a whole new round-up of people who have been making moves and shaking things up in the industry. Did any of your new year’s resolutions include taking a new position or joining a different company? Look for senior housing jobs nationwide on SHN’s job board. Employers: Take […]