Access Industries Acquires Majority Stake in JEA Senior Living

Access Industries, a New York-based investment firm, has acquired a majority stake in Vancouver, Washington-based JEA Senior Living. In March 2019, Access purchased 10 JEA communities in Washington, Oregon, Texas, Tennessee and Indiana. Now, Access has invested in the JEA management company as part of an effort to expand its ownership and management of senior […]

Bahrani Investor, Madison Marquette Acquire $180M Senior Housing Portfolio

Madison Marquette, a Washington, D.C.-based real estate investment manager and real estate services provider, partnered with a Bahraini investment firm to acquire a six-property senior housing portfolio. GFH Financial Group announced the acquisition on Tuesday, valuing the deal at over $180 million. The portfolio totals 509 units/589 beds in a mix of private-pay independent living, […]

In the Pipeline: Senior Housing Construction Projects (11/2/17)

Construction: Planned Senior Living Community Planned in South Carolina Cardinal Ventures is developing an 88,000-square-foot assisted living and memory care community within the Baxter Village master-planned community in Fort Mill, South Carolina, according to a press release. The forthcoming community, The Blake at Baxter Village, will have 68 assisted living units, 33 memory care units, and […]

Senior Housing Investments & Transactions: Greystone, Cushman & Wakefield

Greystone Real Estate Advisors Closes $44.8 Million Indiana Portfolio Greystone Real Estate Advisors, the seniors housing and multifamily real estate services group of financial and private investment group Greystone, has closed the $44.75 million sale of a two-property seniors housing portfolio in Indiana. The properties were sold to an undisclosed private equity investment fund on […]

Newcastle’s New Senior Spinoff to Acquire $435 Million Holiday Portfolio

New Senior Investment Group, Inc. (NYSE: SNR) has made its first big play in  senior housing, announcing plans today to acquire a 17-property portfolio for $435 million. The company, which was spun-off from Newcastle Investment Corp. (NYSE: NCR) in June, entered into an agreement to acquire 17 private-pay independent living properties from affiliates of Vancouver, Washington-based Hawthorn […]

In the Pipeline: Senior Housing Construction Projects (6/5/14)

Construction: Planned California City Council OK’s $62.8M Senior Living Redevelopment The City Council of Pleasanton, California, recently approved a $62.8 million redevelopment project for a senior living community that will begin construction next year, reports Pleasanton Weekly.  California-based developer MidPen will tackle the redevelopment project, which will replace two senior apartments and give residents the […]

In the Pipeline: Senior Housing Construction Projects (3/20/14)

Construction: Planned Marathon Development to Break Ground on Texas Assisted Living Project Bellevue, Washington-based developer Marathon Development, Inc. has plans to break ground this year on a new assisted living and memory care community in San Antonio, Texas. The company is scheduled to begin construction this June on Solace at Stone Oak, a 62,000-square-foot development […]

Senior Housing Projects Booming in Ohio County

A proliferation of senior housing projects are springing up in one Ohio county whose 60-plus demographic is on track to comprise 31% of the population by 2030, reports Cleveland.com.  By 2010, Cuyahoga County’s senior population, at 20%, was already above the national average of around 13%, according to Census Bureau data.  “This is actually one […]

Senior Housing Development Heats Up in Arizona Post-Recession

Arizona has long been seen as a retirement destination, but with home values beginning to recover in hard hit areas like Phoenix, some developers are seeing it as a brand new opportunity for senior living. “The last couple of years have been on the quiet side for senior housing development—the [real estate] market in general,” […]

In the Pipeline: Senior Housing Construction Projects (2/20/2013)

Construction: Planned Rosemount Seeks Builder for Senior Living Development The town of Rosemount, Minnesota is currently looking for a builder for an assisted living facility after the project’s original developer bowed out, reports Twin Cities Pioneer Press. Referencing a recent feasibility study, the Bloomington-based developer Doran Cos. claimed the reason for its pull-out was that […]