LCS-Westminster Fund Secures Financing for $161 Million CCRC

A joint venture partnership between LCS and The Westminster Funds has completed financing for Trillium Woods, a planned $161 million continuing care retirement community in Plymouth, Minn.  Trillium Woods is the fifth CCRC developed by the joint venture partnership and is one of seven total in the overall portfolio.  LCS-Westminster Partnership V LLP began the process […]

In the Pipeline: Senior Housing Construction Projects (9/19/13)

Construction: Planned South Carolina Developers Plan $44 Million Senior Living Center Plans to build a $44 million senior living center in South Carolina are on track to begin construction in February or March 2014, reports Herald Online. The 52-acre mixed-use senior living campus in York, S.C., is currently finishing a second market study, according to […]

Senior Housing Investments & Acquisitions (8/13/13)

American Realty Capital Buys 2 ALFs for $27.6 Million American Realty Capital Healthcare Trust recently acquired two assisted living communities from  Principal Senior Living Group for $27,550,000. The two-property assisted living and memory care portfolio consists of 147 beds in 123 units. Benton House, located in Covington, Ga., has 59 units with 72 beds and […]

Senior Living Operators Repositioning Assets to Boost Revenue

With new development in the pipeline and coming onto the market, senior housing operators and landlords are looking for ways to reposition existing properties to target future generations and achieve return on investment. “There’s more segmentation [in the senior living industry]. People are trying to brand,” said Daniel Decker, founder and principal of investment firm CoastWood […]

Senior Living Prepares for Next Big Wave of Consolidation

Serving the nation’s growing aging population could lead to widespread consolidation among senior living operators striving to provide services under healthcare reform, according to experts attending Senior Housing News’ 2013 Summit in Chicago on Thursday. An important factor has been development relating to RIDEA, which has been a “tremendous game-changer” for operators, according to Dan […]

LCS, Private Equity Firm Plan New $160 Million CCRC

A joint venture between an established senior living developer and operator and a private equity firm currently has two continuing care retirement communities (CCRCs) in pre-development with plans to expand a third at a time when activity in the sector has been largely halted related to the availability of financing. LCS-Westminster, a partnership between Des […]

LCS Partners with CareSouth to Expand Home Healthcare Business

LCS and home health services provider CareSouth recently announced a joint venture partnership called Health at Home, An LCS Company. CareSouth will manage the operations of the 17 existing Health at Home locations in 11 states, which currently serve more than 1,400 clients.  “We sought out a partner with similar values to better position our home […]

Medications Changing Assisted Living from Hospitality to Nursing

Assisted living residents have always used pharmacies, but with acuity levels rising across the industry, the need for better integration has reached its boiling point. Des Moines, Iowa-based Life Care Services, an LCS Company that manages senior living communities, agrees that rising acuity levels in senior living makes managing residents’ medications even more important. “It’s […]

In the Pipeline: Senior Housing Construction Projects (1/30/13)

Construction: Planned Trilogy Health Services, Silvercrest Plan $20 Million Indiana Project Trilogy Health Services LLC is partnering with real estate developer Matt Chalfant, dba Silvercrest LLC, in a previously announced project to convert the former Silvercrest Children’s Development Center into a senior living complex. The project, located in New Albany, Indiana, would reportedly cost about […]

In the Pipeline: Senior Housing Construction Projects (1/9/13)

Construction: Planned Lutheran Senior Services Plans $7 Million Expansion Project Lutheran Senior Services is planning a $7 million expansion to its Meramec Bluffs senior living community in Ballwin, Mo. and has hired St. Louis-based general contractor Paric for the project.  The expansion will add 31 skilled nursing beds to bring the community’s total to 119 […]