Senior living is already flush with a variety of capital sources, new operators and other entrants looking to cash in on the sector’s favorable demographic trends. But as new players continue to enter the space, they are inevitably priming themselves and the industry for even more consolidation over the next few years. Simply put: consolidation […]
Construction: Planned Omega, Maplewood Senior Living to Co-Develop $246 Million NYC Community This week, Hunt Valley, Md.-based real estate investment trust (REIT) Omega Healthcare Investors (NYSE: OHI) and Westport, Conn.-based operator Maplewood Senior Living announced they will co-develop a $246 million luxury senior living community on Manhattan’s Upper East Side. The luxury senior living residence […]
(Ventana by Buckner – Photo courtesy of Buckner Retirement Services) Construction: Planned Buckner Senior Living Reveals Renderings of Dallas High-Rise CCRC Texas-based Buckner Senior Living, a not-for-profit organization that is part of Buckner International, recently revealed new renderings of its latest project: a high-rise continuing care retirement community (CCRC) called Ventana by Buckner. Scheduled to […]
Corporate and strategic investors continue to sink large sums into technology startups addressing seniors’ health, but there still is massive opportunity for growth in this sector. The rise of these technologies has major implications for senior housing providers, as some startups hold promise for improving resident care and the bottom line, while others could create […]
Construction: Planned Big Rock Partners Selects Construction Manager for $60 Million Luxury Community in Fla. Big Rock Partners, a national real estate investment management and development firm headquartered in Beverly Hills, Calif., has selected Balfour Beatty Construction to serve as construction manager for a resort-style, $60 million senior living rental community under development in Celebration, […]
(Edgemere Cocktail Lounge – Photo Courtesy of Senior Quality Lifestyles Corporation) Construction: Planned Dallas CCRC Plans $36 Million Expansion Edgemere, a continuing care retirement community (CCRC) in Dallas, will soon begin a large-scale expansion and renovation project to address the growing demand for senior living options in the area. Financing for the project was completed through […]
Texas Senior Living Communities Acquired for $79 Million Evergreen Senior Living Properties, LLC and management affiliate ESLP Management, LLC, recently announced the acquisition of four senior living communities in Texas from Sears Methodist Retirement System in a $79 million transaction. The purchase includes The Craig in Amarillo, Meadow Lake in Tyler, The Parks in Odessa, […]
In case you missed them…. here are the top headlines grabbing Senior Housing News readers’ attention this week. Alliance Residential Launches $1 Billion Senior Living Pipeline—With an established footprint in multifamily development, Alliance is making a major foray into senior housing with a billion-dollar pipeline planned in the coming years. As Providers Ready for […]
Following a year that brought blockbuster acquisitions and record-breaking deal volume, this year’s ranking of the largest senior living providers reflects the growth and consolidation of the top players in the market. Notably, the biggest change in the list is the merging of Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD) and Emeritus Senior Living Corp. […]
Construction: Planned Carriage Hill Assisted Living to Break Ground Next Week Carriage Hill Assisted Living will break ground on a new assisted living facility in Madbury, New Hampshire on March 26, the company said in a release. The 24-bed facility will feature architectural features in the style of a New England barn, living rooms, a […]
