Real estate investor and service provider Foundry Commercial has acquired from HHHunt Spring Arbor Senior Living and its 24 assisted living and memory care communities in the mid-Atlantic. The move nearly doubles Foundry’s senior living portfolio, which before the announcement stood at 22 communities. Capital Funding arranged financing for the transaction. Foundry declined to disclose […]
HHHunt
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Submissions are currently open. Construction: Complete First Residents Move into Massachusetts Community The first group of residents has moved in at Salmon at Medway, a Salmon […]
HHHunt Corporation plans to invest $128.4 million to develop new senior living communities this year under its Spring Arbor brand. The Blacksburg, Virginia-based firm also intends to enter the active adult space and is on track to have a development pipeline underway by the fourth quarter of 2019. The new Spring Arbor developments include two […]
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HHHunt, the residential real estate company behind the Spring Arbor Senior Living brand, has a new face in the C-suite. Todd Kobayashi joined the company Thursday as the company’s new CFO. Kobayashi—who has more than a decade of experience financing and developing multifamily, senior housing and student housing properties—will succeed current HHHunt CFO James Crowder once […]
New Perspective Teams Up with Roobrik for Assessment Tool Eden Prairie, Minnesota-based New Perspective Senior Living recently partnered with Durham, North Carolina-based Roobrik, a provider of human-centric decision tools for age-related health and care decisions, to make an online assessment tool publicly available online. Specifically, Roobrik’s “Is it time to get help?” tool guides users […]
Construction: Announced New Community Planned in Arizona Investment Property Associates (IPA) and Ryan Companies have announced a senior living community in Scottsdale, Arizona. The community, Generations at Pinnacle Peak, is will have 90 independent and assisted living units and 20 memory care units, according to a release on AZ Big Media. IPA will operate the community […]
Construction: Planned Erickson Living Opening CCRC in Northern Virginia Baltimore’s Erickson Living is expanding in Fairfax, Virginia. The provider purchased a 78-acre site near George Mason University with plans to open a new continuing care retirement community (CCRC), reports the Baltimore Sun. Benchmark Senior Living Coming to Marlborough, Massachusetts Benchmark Senior Living is opening a new assisted living community […]
Construction: Planned Charter Senior Living to Manage New Alabama Community LifeCenters Communities for Seniors is partnering with Naperville, Illinois-based Charter Senior Living Charter on a forthcoming community in Hampton Cove, Alabama. The planned community will have 190 independent living, assisted living and memory care units, according to a press release. Construction is slated to begin in […]
The 21st Century Senior Living Community is a series brought to you by CDW, a provider of technology solutions and services focused exclusively on serving the healthcare marketplace. The series takes a clear-eyed look at how leading providers and their partners are creating the next generation of senior living communities by raising the bar on […]