Financial distress among hotels during the pandemic and persistent barriers to new development have created opportunities for senior living conversion projects. Though hotel reuse projects are typically one-off opportunities, there are companies looking to acquire and repurpose hotels as part of their growth strategies. Two in particular, Lloyd Jones and Solvida Development Group, have made […]
Financings Ziegler Closes $71 M for Virginia Community Ziegler announced the successful closing of $71 million Series 2022A and 2022B bonds for Shenandoah Valley Westminster-Canterbury (SVWC). SVWC is a nonprofit organization that operates a Westminster, Virginia-based life plan community with nearly 400 residents with 218 independent living units, 48 assisted living units, 12 memory care […]
Acquisitions Lloyd Jones Acquires Historic Connecticut Community Lloyd Jones announced it has acquired Hamilton Heights, marking the company’s fourth senior housing purchase since February. The community will operate under Lloyd Jones’ Aviva brand under the banner of AVIVA West Hartford Hamilton Heights — a 113-unit senior living community in West Hartford Connecticut — was formerly […]
Development advisory and construction management firm Drive Development partners is joining forces with Lloyd Jones. The company specializes in senior living and multifamily development and “matches Lloyd Jones’ current $1 billion portfolio,” according to a press release announcing the move. As of April, Lloyd Jones had about 40 assets under management overall. Drive Development’s Managing […]
The senior living industry is on track to be “crushed” by middle-market demand. Those are the words of Innovation Senior Living CEO Pilar Carvajal, who spoke with me for the Senior Housing News Transform podcast in May. “It’s actually an opportunity of a lifetime that I don’t know if our industry is going to be […]
Senior living operators have significantly altered their operations in 2022 to deal with the ongoing staffing shortage. One position undergoing rapid evolution is that of the senior living recruiter. In the not-too-distant past, recruiters were often based in the communities or regions for which they were hiring workers. But their job became much harder with […]
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Real estate development and management firm Lloyd Jones is pivoting in a big way by selling most of its multifamily portfolio and deploying those dollars in senior living communities. The company plans to dispose of about 80% of its multifamily holdings while at the same time rapidly expand its holdings in the senior living industry, […]
Transactions 12 Oaks Managing 4 Longview Communities in Oklahoma 12 Oaks Senior Living deepened its relationship with Longview Senior Housing by taking on management of four assisted living and memory care communities in Oklahoma. In addition to the four Oklahoma communities, 12 Oaks manages six Longview senior living communities in Texas. Financings Ziegler Closes Nearly […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned National Church Residences Plans Affordable Community Near Atlanta National Church Residences has earned a Low-Income Housing Tax Credit award from the Georgia Division of […]
