Senior living projects in city centers are not for the faint of heart. Between high land and construction costs, site scarcity, lengthy entitlement processes and sticker shock for lenders, taking on this type of development is no easy endeavor—and that’s not to mention design constraints. But given the unique strategies the majority of senior living […]
Maplewood Senior Living
Maplewood Senior Living has a new plan: home care. The Westport, Connecticut-based senior living provider recently introduced Maplewood at Home, a new business segment that offers private duty, non-medical services to seniors living in Maplewood communities or in their own homes. The service is geared, in part, toward seniors who have no interest in moving […]
New Senior Appoints Interim CFO The board of directors of New Senior Investment Group Inc. (NYSE: SNR) appointed Bhairav Patel as interim CFO and treasurer, effective as of Sept. 26. The announcement comes as Justine Cheng resigned from the roles to pursue a new professional opportunity, according to an SEC filing from the company. Patel […]
(Project rendering of Dominion Senior Living of Richmond located in Richmond, Ky.) Construction: Planned Dominion Senior Living Announces Master-Planned Community in Ky. Knoxville, Ky.-based senior housing provider Dominion Senior Living will soon begin construction on a new assisted living and memory care community in Richmond, Ky., the company announced this week. Dominion Senior Living of […]
(Rendering of SilverCreek on Main – Ryan Companies US, Inc. and SilverCrest Properties, LLC ) Construction: Planned Riverwood Retirement Management to Expand John Knox Village of Central Florida CCRC Orange City, Fla.-based Riverwood Retirement Management, Inc. will break ground in the next few weeks on an expansion project at John Knox Village of Central Florida, a […]
Ventas Announces Senior Vice President Promotions Ventas Inc. (NYSE: VTR) on Aug. 27 announced two senior vice president promotions within its asset management business. Christian N. Cummings has been appointed as senior vice president of asset management, focusing on Ventas’ senior housing operating portfolio and enterprise wide dispositions. Cummings joined Ventas in 2002 as an analyst, […]
Maplewood Senior Living and Omega Healthcare Investors [NYSE: OHI] made headlines recently with their plans to develop a $246 million senior living residence on the Upper East Side of Manhattan. And that could be just the start for the partnership, which is targeting some of the most premium real estate in New York City for […]
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 […]
Following a quarter that saw nearly $200 million of new investments, along with the completion of the Aviv “mega merger,” Omega Healthcare Investors (NYSE: OHI) is hungry for more acquisitions—and it’s already spent $184 million in the past month alone. And among its current projects is a senior living development in Manhattan, which is an […]
(Heartis Assisted Living and Memory Care — Photo courtesy of McShane Construction Company) Construction: Planned Integral Senior Living Begins Development on Santaluz, Calif. Community Carlsbad, Calif.-based Integral Senior Living this week announced it has broken ground on the development of its newest community, Santaluz Senior Living in Santaluz, Calif. Slated to debut December 2016, the new […]