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 […]
Another well-known name in senior living now is linked to a high-profile community being developed in one of the nation’s most populous markets. Welltower Inc. (NYSE: HCN) has tapped Sunrise Senior Living to be the operator of the real estate investment trust’s (REIT) community being developed in midtown Manhattan. The project involves a 125,000-square-foot, 15-story […]
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 […]
An international real estate firm and its real estate investment trust (REIT) partner have unveiled their design plans for a New York City senior housing project, drawing attention to the growing need for assisted living and memory care communities in the country’s largest city. Real estate firm Hines and Welltower Inc. (NYSE: HCN), one of […]