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 […]
JEA Senior Living
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 […]
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 […]
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 […]
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,” […]
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 […]
Healthcare real estate investment trust Sentio Healthcare Properties recently acquired a four-property portfolio of assisted living communities located in Illinois and Texas for $49 million. The acquisition is structured as a joint venture with an affiliate of Vancouver, Wash.-based JEA Senior Living, which will continue to operate the communities on behalf of the venture. The […]
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