In the Pipeline: Cypress Cove’s $60M Expansion; South Bay Partners Breaks Ground in California

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends and the annual SHN Awards Competition. Construction: Planned Cypress Cove at HealthPark Florida Planning $60M Active Adult Community Cypress Cove at […]

Movers & Shakers: LCS Hires Development and Real Estate Leader; Oakmont Names Health Services VP

LCS Hires Development and Real Estate Business Leader LCS has Charles Murphy as executive vice president and senior managing director of development and real estate. Murphy, who joins LCS in mid-February, is responsible for strategy and performance oversight of the LCS Development and LCS Real Estate companies. He has previously worked in leadership roles at […]

Senior Living Begins a ‘Decade of Disruption’

As recession fears let up and historically low occupancy trends turn positive, the senior living industry may be able to rest a little easier about its prospects for 2020 — but it shouldn’t rest on its laurels, either. That’s because many of the disruptive forces that have molded the industry in recent years aren’t going […]

In ‘Mosh Pit’ of Senior Housing Challenges, Labor Expenses Wreak Havoc

The senior living industry is facing challenges on all fronts, including ongoing oversupply pressures, broken capital structures and aging properties that are becoming obsolete. “It’s a mosh pit of things going on right now,” SRG Senior Living President and CEO Michael Grust told Senior Housing News. Solana Beach, California-based SRG has a portfolio of about […]

LCS, NHI Team Up to Buy Washington CCRC for $133 Million

LCS and National Health Investors (NYSE:NHI) have joined forces to buy a continuing care retirement community (CCRC) in Washington. The Des Moines, Iowa-based senior living company and the Murfreesboro, Tennessee-based real estate investment trust (REIT) on Tuesday agreed to form a new joint venture to own and operate Timber Ridge at Talus, a “Type A,” […]

Luxury Highrise CCRC The Clare Sold for Reported $105M

A high-profile continuing care retirement community (CCRC) in Chicago that rebounded after financial and operational difficulties years ago has been sold for a reported $105 million. Des Moines, Iowa-based senior living company LCS and Harrison, New York-based Senior Care Development have bought private-equity firm Fundamental Advisors’ 75% stake in the 334-unit community in Chicago’s Gold […]

Life Care Services Tops J.D. Power Ranking of 8 Large Senior Living Providers

Life Care Services has the most satisfied residents among eight large industry competitors, according to a new study from global marketing information services company J.D. Power. Des Moines, Iowa-based Life Care Services, an LCS company, took the top spot, followed by McLean, Virginia-based Sunrise Senior Living; Newton, Massachusetts-based Five Star Senior Living (NYSE: FVE); and […]