(The Arlington of Naples Retirement Community in Naples, Fla. – Photo courtesy of Lutheran Life Communities) Construction: Planned Primrose Retirement Communities Plans Ark. Assisted Living, Memory Care Project Aberdeen, S.D.-based Primrose Retirement Communities, LLC, this week announced plans to begin construction on a 98-unit assisted living and memory care community in Rogers, Ark. Primrose is inviting […]
Life Care Services
Construction: Planned San Diego City Officials Approve Plans for $150 Million CCRC Officials with the San Diego City Council recently gave unanimous approval for the construction plans of The Glen at Scripps Ranch, a $150 million continuing care retirement community (CCRC), reports San Diego Business Journal. The 53-acre CCRC, which is planned for a site near […]
(Rendering of The Blake at Woodcreek Farms senior living community in Elgin, S.C. — Photo courtesy of Blake Management Group and Cardinal Ventures) Construction: Planned Developer Proposes $35 Million School Transformation into Senior Living City officials of Leesburg, Fla. recently approved plans for a developer to transform a historic school into a senior living community, reports […]
Construction: Planned Abby Development Plans $40 Million Texas Senior Living Community Dallas-based developer, owner and operator of luxury senior housing communities, Abby Development, this week announced plans to build a new project in Baytown, Texas. Dubbed Arabella of Baytown, the new community will be an approximately 284,000-square-foot development that will feature 100 independent living units, […]
These days, older adults looking into moving to a senior living community have their eyes on many aspects of their lifestyle beyond care. The look and feel of a community can influence a person’s decision to move into a community just as much, if not more, than the services and care offerings available. Feeling at […]
The senior housing industry has been booming since the end of the recession, prompting some in the sector to return their attention to an asset that struggled during the economic downturn: independent living. Whereas independent living was among the most popular property types pre-recession given its low barrier to entry and apartment-like setup, the economic downturn […]
How do you turn around a senior living company facing nearly $3 million in net operating losses, with one of its CCRCs still recovering from a high-profile bankruptcy? Virginia Baptist Homes’ new president and CEO, Jonathan R. Cook, has helped right the ship by putting forward concrete goals and focusing on the block-and-tackle changes needed […]
Construction: Planned Chamberlain Senior Care Buys Land for $15 Million Senior Housing Campus Cincinnati-based Chamberlain Senior Care, LLC, recently announced that it has acquired a 14.8-acre property in eastern Jefferson County in Louisville, Ky.—a site that will be home to what the company promises to be a “cruise ship on land.” The Jefferson County Board […]
Grandbridge Arranges $10.5 Million Refinance for Phoenix Community Grandbridge Real Estate Capital LLC, a national full-service capital provider headquartered in Charlotte, North Carolina, arranged a $10.5 million refinance loan for Avista North Mountain, a senior housing community in Phoenix, Arizona. “This debt financing marks an important milestone for Avista North Mountain and our company,” Kristopher […]
(The Tower at The Buckingham – Photo courtesy of Senior Quality Lifestyles Corporation) Construction: Planned Developer Planning $250 Million CCRC in Calif. San Luis Obispo, Calif.-based general contracting firm John Madonna Construction Co. is proposing a 342-unit continuing care retirement community (CCRC) on 111 acres in the area, reports San Luis Obispo’s The Tribune. John Madonna, […]
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