CBRE Group Names Brian McAuliffe President of Institutional Markets in the U.S. Brian McAuliffe has been promoted to president of institutional properties for CRBE Capital Markets in the U.S., the company announced. McAuliffe has served in high impact roles in CBRE’s Capital Markets team for more than 25 years. He is responsible for CBRE’s institutional […]
Mainstreet
This week, SHN readers delved deeper into the $1 billion acquisition of Trilogy Health Services LLC and learned who topped this year’s list of the largest senior housing owners and operators. Other top stories involved different technologies that help increase senior housing revenue and innovative programs aimed at upping senior living referrals. Here in the […]
(Symphony of Dyer – photo courtesy of Mainstreet and Symphony Post Acute Network) Construction: Planned Methodist Retirement Communities Plans Texas Senior Living Community Methodist Retirement Communities recently announced plans for the development of a new independent, assisted living and memory care community in College Station, Texas. The not-for-profit organization anticipates a mid- to late-September closing […]
The implications of the $1.125 billion acquisition of Trilogy Health Services LLC are becoming clearer, suggesting a potential change in the REIT landscape making deals more competitive and potentially constraining cap rates. Trilogy was acquired by Griffin American Healthcare REIT III, Inc. in a joint venture with NorthStar Healthcare Income, Inc., the companies announced last […]
Just more than a year after Indiana-based Mainstreet crowdfunded $1.6 million within a month toward a new senior living development, the property has been sold and investors have already seen a 14% return, but the developer isn’t sure if it’s a fundraising model likely to be used again. In April 2014, the short-term rehabilitation and […]
While providers in the senior housing sector have embraced specialized services like post-acute care, some operators are coming under fire for their Medicare billing practices and quality of care, casting a shadow over this growing part of the industry. A Wall Street Journal report published Monday found that Medicare’s billing structure has created a rewards system that […]
Tampa, Fla.-Based Bild & Company Names Founder As CEO Traci Bild, founder of Bild & Company of Tampa, Fla. is now back at the helm of her company. Seth Garber, former CEO is no longer with the company and will be exploring different endeavors. “This is a critical time in our industry and huge change […]
(Stonecroft Health Campus in Bloomington, Ind. — Photo courtesy of Mainstreet and Trilogy Health Services) Construction: Planned Benchmark Senior Living to Break Ground in Woburn, Mass. The Wellesley, Mass.-based operator will break ground on their newest senior living community, Benchmark Senior Living at Woburn, on July 29th at 10:30. This $30 million development project will bring […]
Dazzling fireworks displays will light up the skies this 4th of July weekend, but you might have caught a glimpse of a different sight recently if you looked skyward in the Cleveland area: Residents of the Parker Place Senior Center riding in a 1946 Steerman biplane. Check out the video below for some inspiration. SHN […]
Armed with a five-year, $5 billion development pipeline, it is clear that developer Mainstreet is betting big on its vision to transform the traditional post-acute skilled nursing facilities of days past. But this quest is not one the company is undertaking alone. The Carmel, Ind.-based Mainstreet has entrusted few operating partners with carrying out its […]