Among the many lessons that Covid-19 drove home in 2020: No one can predict what the future holds. But as the senior living industry battles the latest wave of infections and starts to beat back the pandemic through vaccination, it’s also more important than ever to look ahead and try to identify what trends will […]
Covid-19 presents a sizable challenge for the senior living industry, but two major players in real estate development also foresee multiple avenues for growth ahead. In particular, Hines and McCaffery are leveraging their scale and experience in other types of real estate as they expand in senior housing and bring new communities to some of […]
Senior living company MorningStar has named Mark Andrzejewski as its first-ever president and Eric Spencer as its new CFO. Andrzejewski is the former CEO of Alliance Physical Therapy Partners, a physical therapy company based in Grand Rapids, Michigan. As president of Denver-based MorningStar, Andrzejewski will lead the overall operations for the company, which has more […]
The need for strong leadership in senior living has never been greater, in light of profound challenges related to workforce, the pace of new development and other issues, according to MorningStar Founder and CEO Ken Jaeger. “The issues of today are real and they need our full attention,” he said on a recent episode of […]
It’s been an active year for Watermark Retirement Communities. As the Tucson-based provider has made progress on a strategic growth plan, it has made key hires, including bringing on board a new COO* and recently tapping a wellness leader who previously worked for Canyon Ranch. “It’s been busy, that’s for sure,” COO Karen Mlawsky told […]
Senior living provider Watermark Retirement Communities and real estate development firm Hines are teaming up on senior housing projects — and would like to involve wellness pioneer Canyon Ranch as well. The three companies were pursuing a highrise project in the Tanglewood neighborhood of Houston. That proposed 20-story tower met with pushback from area homeowners, […]
Senior living could be coming to a mixed-use highrise to be built just north of Hudson Yards, the Related Companies’ mega-development on the west side of Manhattan. A planned 44-story tower at 451 10th Avenue would potentially include 126 long-term care facility dwelling units, The Real Deal reported Wednesday, citing plans pre-filed last week with […]
Welltower Inc. (NYSE: WELL) is collaborating with real estate firm Hines on the development of a new high-rise senior living community in the Big Apple. The two companies announced Friday they closed on an acquisition that will pave the way for the construction of a 17-story senior living and memory care community on Manhattan’s Upper West Side. As […]
International real estate firm Hines and health care investment company Sentio Investments on Wednesday announced the formation of a new partnership aimed at creating an investment portfolio of senior housing and additional health care real estate. Houston-based Hines has $111 billion of assets under management. Orlando, Florida-based Sentio Investments, meanwhile, has more than $5 billion in […]
Welltower Inc. (NYSE: HCN) ended 2017 with a few new additions. Specifically, the Toledo, Ohio-based real estate investment trust (REIT) announced on Wednesday a new addition to its executive team, as well as a new investor in its planned midtown Manhattan senior living development. Mark Shaver is set to join Welltower as the REIT’s senior […]