A California-based senior living owner, operator, and developer is differentiating its $160 million new development pipeline by locating all the projects in mixed-use, master-planned communities. Kisco Senior Living, headquartered in Carlsbad, California, has another $50-70 million slated for expansions and renovations at five existing communities in addition to the ground-up projects. “Going forward, in the […]
Kisco Senior Living
Kisco Senior Living acquired ownership of a 289-unit Florida continuing care retirement community (CCRC) in August about a year after purchasing $48 million of its debt. The for-profit senior living developer and operator has acquired about $107 million of debt for three CCRCs in the past few years, going on to gain ownership of two […]
Consolidation activity among smaller continuing care retirement community systems has been low in recent years despite some compelling reasons for doing so, but it may ramp up as interest rates climb. Rather than mergers or outright acquisitions, through, CCRCs may look toward affiliation. There’s been a surprisingly low level of M&A activity among CCRCs in the […]
Construction: Planned Kisco Senior Living Converting IL Units into AL at Va. Community Kisco Senior Living is renovating and expanding its First Colonial Inn property in the Hilltop area of Virginia Beach. The Carlsbad, Calif.-based company also said it is converting some of the building’s units that are currently independent living into assisted living accommodations. […]
Construction: Planned Kisco Senior Living to Build Senior Campus in Utah Kisco Senior Living plans to build an independent living, assisted living and memory care community in Daybreak in South Jordan. Sagewood at Daybreak will break ground late April, the company announced, with the 201-unit community scheduled to open for resident move-in during summer 2014. Sagewood will […]
Health Care REIT (NYSE:HCN) recently purchased a second North Carolina senior living community from Kisco Senior Living for $19.4 million, reports the Triangle Business Journal. Abbotswood at Stonehenge is an assisted living community in Raleigh, N.C. HCN and Kisco are also partnering to develop a nearby retirement community after the original developer’s plans didn’t pan […]
Construction: Planned Kisco Senior Living & HCN to Build N.C. Senior Living Community Carlsbad, Calif.-based Kisco Senior Living is taking over the development of a N.C. senior living community, reports the News Observer, in a joint venture project with Toledo, Ohio-based Health Care REIT (NYSE:HCN). Kisco is scaling back original plans made by Kane Realty […]
Toledo, Ohio-based Health Care REIT (NYSE:HCN) recently acquired Magnolia Glen, a retirement community in Raleigh, N.C., for $59.96 million, reports the News & Observer. The property was sold by Kisco Senior Living, based in Carlsbad, Calif. The community has independent living cottages and apartments and was built in 2002. “The deal is further proof that […]
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