Golden West Senior Living Sells Community to Chicago Investors Golden West Senior Living has announced the sale of Flatirons Terrace, a 54-unit independent living community in Boulder, Colorado, to Harrison Street Real Estate Capital, a private equity firm based in Chicago. Dial Retirement Communities, of Omaha, Nebraska, will operate the community. Financial terms of the […]
Harrison Street Real Estate Capital
This week’s 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 & design trends, the annual SHN Awards Competition. Construction: Planned Work Underway for Las Vegas Independent Living Community The Wolff Company has broken ground […]
Construction: Planned New Jersey Community Plotting $38 Million Expansion and Renovation Harrogate, a Life Care Services community in Lakewood, New Jersey, has announced plans to start a $38 million expansion and renovation project. The project, expected to break ground in late 2018 or early 2019, will include 31 new independent living apartments and 48 new […]
CBRE Arranges Financing for Three Senior Living Projects CBRE National Senior Housing has arranged financing for a joint venture between Harrison Street Real Estate Capital and Dominion Partners, according to a press release. The property, Somerby Peachtree City, is a newly built 96-unit assisted living and memory care community located in Peachtree City, Georgia, which […]
Harrison Street Real Estate Capital just announced another billion-dollar fund, which will be used in part on senior housing investments. The Chicago-based private equity firm recently closed its sixth U.S. opportunistic real estate fund at $950 million in equity commitments, according to a press release. Additionally, the firm raised $205 million of equity capital in co-investment […]
Construction: Planned Upscale Community Planned in California A luxury life plan community, or continuing care retirement community (CCRC), is being planned in San Luis Obispo, California. The community, Villaggio at San Luis Obispo, will offer 350 residential living opportunities. Residents will be able to enjoy chef-prepared healthy meals in multiple dining venues as well as […]
Another high-profile senior housing project is coming to Manhattan, through the nearly $150 million acquisition of a 15-story building on the Upper East Side. The art deco building has 239 units, meaning that the purchase price equates to more than $625,000 per unit. Despite this eye-popping sum, the incoming owners describe the building—which has a […]
CBRE Secures Millions in Loans for The Waters Senior Living CBRE National Senior Housing Vice Chairman Aron Will recently arranged acquisition financing on behalf of a joint venture between Minnetonka, Minnesota-based senior living developer/owner/operator The Waters Senior Living and an institutional client for The Waters of Edina, a 139-unit, Class A assisted living and memory care […]
A seven-property, assisted living and memory care portfolio has been acquired for $186.25 million by an affiliate of health care real estate investment trust (REIT) HCP Inc. (NYSE: HCP). Chicago-based Senior Lifestyle Corp., the eighth-largest provider in the nation, will take over operations. Senior Lifestyle operates senior living communities in 27 states and offers independent living, […]
Come fall 2018, locals in Chicago’s Lincoln Park neighborhood may start doing double takes when passing Belmont Village Senior Living’s new community. That’s because the soon-to-be built, 160-bed Belmont Village Lincoln Park community will very closely resemble a historic building they have seen before. In fact, the exterior of the assisted living and memory care […]
Subscribe
Receive industry updates and breaking news from SHN