New Senior Investment Group (NYSE: SNR) is trimming its portfolio by undertaking $296 million in asset sales, the New York City-based real estate investment trust announced Thursday. The transactions involve a $186 million sale of six properties triple-net leased to Life Care Services (LCS) and a $109.5 million sale of nine properties managed by Holiday Retirement. Des […]
LCS
Happy Monday, Senior Housing News readers! Here are some recent must-read stories to start your week: Life Care Services hopes to capture some of Walt Disney World’s magic when it opens an $82 million, 239-unit community in nearby Celebration, Florida. Brookdale Senior Living (NYSE: BKD) is now reportedly in acquisition talks with a Chinese firm […]
Continuing care retirement communities (CCRCs) have been around for a long time, with their roots in religious organizations, but the for-profit operating model of today presents specific challenges and opportunities. Current CCRC leaders might sometimes feel like they’re in the “space shuttle business” or fighting a perception that they’re operating a “dinosaur product.” To learn why, check out this roundup of […]
Living Care Senior Housing Development Sells Texas Assisted Living Community for $7.86 Million Evans Senior Investments (ESI) announced it arranged Living Care Senior Housing Development’s sale of The Lodge at Quail Park, an assisted living community in Frisco, Texas, for $7.86 million. The 64-unit community was built in 2001 and is located about 27 miles outside […]
The shift from the silent generation to the baby boomers in senior housing is slowly happening, and one large distinction between the generations is that boomers want more tech. Balancing implementation of certain technologies in communities is a challenge for some operators, Michael Skaff, chief operating officer at The Masons of California, said during a panel […]
This coverage of the 2017 National Investment Center for Seniors Housing & Care Spring Investment Forum is brought to you by Mainstreet. As the nation’s largest developer of transitional care properties, Mainstreet specializes in real estate development, value investments and health care. With Mainstreet’s support, SHN is bringing event coverage of the NIC conference, which […]
(Rendering of Terramor located in Temescal Valley, California —photo courtesy of Foremost Companies) Construction: Planned Florida CCRC Plans $35 Million Expansion Project A continuing care retirement community (CCRC) in Palm Beach Gardens, Florida, La Posada, will undergo a $35 million expansion and renovation project in the new year. The expansion includes the addition of a […]
CBRE Secures Millions in Loans for The Waters Senior Living CBRE National Senior Housing Vice Chairman Aron Will recently arranged acquisition financing on behalf of a joint venture between Minnetonka, Minnesota-based senior living developer/owner/operator The Waters Senior Living and an institutional client for The Waters of Edina, a 139-unit, Class A assisted living and memory care […]
Senior Housing News and its job board attracts the best and brightest talent in the industry. If you’re trying to find candidates who are synched up with industry trends and insights, post your new jobs with us here to get in front of those candidates. In this week’s SHN jobs listing, companies such as Senior […]
Senior housing industry jobs are growing by the day as the population ages….find out who is looking for fresh talent and if your skills fit the needs of some of the industry’s most innovative employers that are advertising on the Senior Housing News Job Board. Post your job today to reach the most progressive and […]