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 […]
LCS
Looking back on 2012 senior-care related technology news, the biggest trends have to do with a federally-backed shift to electronic health and medical records and providers utilizing technology to improve their position in the care spectrum as hospitals start forming post-acute care relationships. The continued emergence of remote monitoring and emergency alert systems that facilitate independent […]
Lancaster Pollard Closes $107.4 Million of Loans in November Lancaster Pollard closed 16 senior living transactions for a total loan amount of $107.4 million. The 16 facilities, all located in the Midwest, contained a total of 1,239 skilled nursing beds and 416 assisted living units. All the financings used the FHA Sec. 232/223(f) to refinance […]
LCS recently entered a joint venture partnership with Chicago-based investment firm Harrison Street Real Estate Capital to acquire an equity position in nine senior living communities in the greater Minneapolis region of Minnesota. The market-rate rental communities have a total 1,166 residential units. Two of the properties are independent living communities, and the remaining seven […]
Senior lifestyle services provider LCS recently entered into a joint venture agreement with Mainstreet Property Group, LLC, based in Cicero, Ind. to own and operate the first of several skilled nursing, short-term rehabilitation, and assisted living communities. Mainstreet will act as the real estate owner and developer, and already has 13 similar communities currently in […]
LCS Development, a Des Moines, Iowa-based LCS company, is expanding its services to owners and managers of retirement communities and senior living projects outside of the network of LCS-related communities. The development company previously only provided its design, master planning, repositioning, and project management services to continuing care retirement communities (CCRCs) or senior living communities […]