Construction: Planned Senior Living Community Planned in South Carolina Cardinal Ventures is developing an 88,000-square-foot assisted living and memory care community within the Baxter Village master-planned community in Fort Mill, South Carolina, according to a press release. The forthcoming community, The Blake at Baxter Village, will have 68 assisted living units, 33 memory care units, and […]
Fortis Management Group Files for Receivership Fortis Management Group filed for receivership in an agreement with its landlords, the company revealed on July 12. The Milwaukee-based management company operates 60 skilled nursing facilities and five independent and assisted living communities throughout Michigan, Minnesota, Wisconsin, Oregon, Washington and Idaho. Read the full story on Skilled Nursing […]
This week, Senior Housing News readers learned how to help hire and retain a strong workforce and why real estate investment trusts (REITs) are cutting back on skilled nursing. Readers also learned how the legal battle of one of the nation’s largest nonprofit senior housing providers could change the status quo when it comes to […]
RED Closes $20 Million Balance Sheet Construction Loan for Creekside Senior Living RED Capital Partners, LLC recently completed a $20 million Balance Sheet construction loan for the development of Creekside Senior Living, a Class A assisted living and memory care community with 129 units in Bountiful, Utah. Specifically, the loan was completed for Creekside Senior […]
This week, Senior Housing News readers heard all about industry leaders, for one reason or another. News broke about HCP Inc.’s quest to find a new CEO, we sat down one-on-one with Brookdale Senior Living’s CEO Andy Smith, and Blue Harbor Senior Living found its first CEO in Tana Gall. Readers were also intrigued by […]
In picking its first CEO, Blue Harbor Senior Living has found a leader with deep industry experience to take the reins as the company grows in new directions. Tana Gall became CEO of the Portland, Oregon-based management company effective July 1. In the past, Gall served as president both of Merrill Gardens and Leisure Care, […]
Senior housing development returned to city centers following the economy’s rebound from the 2008 recession, with providers taking advantage both of an improved financial climate and inherent opportunity within urban fabrics. Now, senior living might consider taking an urban approach to markets outside of metro areas and find that they’ll reap similar benefits, as innovative […]
Health Care REIT Purchases Fort Collins, Colorado Senior Living Facility for $56.7 Million Health Care REIT (NYSE: HCN) on Aug. 31 purchased a senior living community in southeast Fort Collins, Colorado for $56.7 million. MacKenzie Place is a senior living community that offers independent living, assisted living and memory care that opened in 2008. It […]
3 Senior Living Communities Acquired for $15.7 Million Pennsylvania-based Lake Erie College of Osteopathic Medicine (LECOM) has acquired three senior living communities for $15.7 million. As part of its commitment to wellness for this age group, LECOM has purchased Parkside Senior Living Communities with its three independent living and personal care facilities, located in Erie, North […]
Based on customer satisfaction ratings and reviews of senior living communities nationwide, online resource SeniorAdvisor.com has compiled the “best of” senior living for 2013. Across assisted living, independent living and memory care, the organization has awarded recognition of excellence to communities that received a 4.5-star rating out of five stars from residents and their families. […]
