Movers & Shakers: Somerby Senior Living’s New President and COO

Somerby Senior Living Names New President and COO Dominion Partners and Somerby Senior Living recently announced that David Grady has been named Somerby’s new president and COO. Grady has more than 30 years of experience in senior living operations, having served as an administrator, activities director, area administrator and regional vice president of rehab and skilled […]

In the Pipeline: Senior Housing Construction Projects (10/6/16)

Construction: Planned Senior Community Planning Addition, Iowa Located in Marshalltown, Iowa, Glenwood Place is planning for a $3.5 million addition to its independent living and assisted living apartments. The addition will add eight independent living apartments and 12 assisted living apartments to the community. Glenwood Place already has two bedroom independent living townhomes, assisted living apartments […]

Why Medical Office Owners Are Looking Closer at Senior Housing

The seniors housing and medical office building industries may have more in common than meets the eye. In fact, they may be more like close family than distant relatives, according to some experts. The sectors are undeniably growing closer, according to Gino Lollio, vice president investments at national brokerage firm Marcus & Millichap and senior director […]

In the Pipeline: Senior Housing Construction Projects (8/18/16)

(Rendering of The Veranda at Groveway, located in Roswell, Ga. — Photo courtesy of McShane Construction Company) Construction: Planned New $10 Million Senior Living Community Planned A new assisted living and memory care community plans to break ground in October in Bethalto, Ill. Cedarhurst Assisted Living and Memory Care will comprise 62,476 square feet and […]

Senior Housing Finance Activity: CBRE, Grandbridge

Hunt Mortgage Group Finances 19-Property Multifamily Portfolio in California New York City-based Hunt Mortgage Group, which finances commercial real estate across the United States, closed on a complex multifamily portfolio deal, placing 19 individual Freddie Mac Small Balance loans on 19 properties located throughout the Los Angeles area. The Hunt Mortgage Group investment is $31.6 […]

Providers Outpace Competition With New Approach to Senior Living Design

Ultimately, senior living communities should feel, to their residents, like home. Achieving that level of comfort benefits current residents, and also—perhaps more importantly—makes the community more attractive to its target demographic of future residents. Luckily, senior living communities can achieve that home-like feel through quality, thoughtful design. That’s according to Jeanna Korbas, vice president of […]

In the Pipeline: Senior Housing Construction Projects (3/31/16)

(Project rendering of HarborChase of the Park Cities, a Silverstone Healthcare Company senior living community in Dallas, TX) Construction: Planned Berry College Announces Name for New CCRC Berry College, a school that is planning to build a continuing care retirement community (CCRC) in Mount Berry, Ga., this week announced that it has chosen a name for […]

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 […]