In the Pipeline: Senior Housing Construction Projects (11/2/17)

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 […]

Senior Housing Investments & Transactions: Fortis Files for Receivership

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 […]

Senior Housing Finance Activity: RED Capital, CBRE

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 […]

Editor’s Picks: Huge Changes at HCP

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 […]

Blue Harbor Taps Former Merrill Gardens President as CEO

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, […]

Not Just Cities Will Win the Urban Senior Housing Game

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 […]

Senior Housing Investments & Transactions: Leisure Care, Commonwealth

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 […]

SeniorAdvisor.com Rates Top Senior Living Communities in the Nation

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. […]