Masonicare has weathered Covid-19’s operational and revenue pressures in large part due to a diversification strategy the nonprofit senior housing and care provider implemented five years ago. That strategy involved reducing its exposure to skilled nursing, acquiring a senior housing community, and expanding its residential and home- and community-based service segments, President and CEO Jon-Paul […]
Masonicare
Fitch Ratings revises outlooks on 3 CCRCs Fitch ratings announced ratings outlooks updates on the following continuing care retirement communities: The ratings agency placed the series 2016 senior living revenue bonds issued by the Industrial Development Authority of the City of Glendale, Arizona on behalf of Royal Oaks Life Care Community, operating as Royal Oaks, […]
Construction: Planned Dominion Senior Living to Open Third Kentucky Community Dominion Senior Living of Florence has plans to open a new faith-based senior living community in Florence, Kentucky, its third in the state. The two-story community is expected to cost about $10.3 million and will offer assisted living and memory care services in 61 apartments. […]
Senior Living Investment Brokerage Handles $5.3M Sale Senior Living Investment Brokerage, Inc. recently facilitated the $5.32 million sale of three small assisted living communities in Southeast Michigan with a total of 78 units. The communities are all located within one mile of one another in Temperance, Mich. and were sold by an owner/operator looking to […]