Transactions and Financings: HealthDrive Acquired; SLIB Facilitates Sale of Two Communities

Transactions Shadowbrook Resort sold, to become independent living community The six-decades-old Shadowbrook Resort based out of Wyoming County, Pa., is expected to close on a sale to developer Richard Angelicola on Aug. 31. Reporting from The Times-Tribune states the 100-unit apartment facility will add to Angelicola’s current portfolio of Glenmaura Senior Living, Highland Park Senior […]

A 3-Year ‘Big Sort’ of Senior Living Winners, Losers Is Underway

A couple weeks ago, my colleague and SHN Managing Editor Tim Mullaney offered his post-NIC thoughts that the industry is entering a tough spot. I agree the industry is entering a period fraught with perils, including rising interest rates and cost inflation. But I also believe that the stage is set for senior living companies […]

New Sunrise, Solera, MorningStar Communities Showcase Innovative Luxury

As 2021 comes to a close, four hotly anticipated new senior living communities are opening their doors for the first time: — Sunrise at East 56th, in Manhattan — MorningStar at River Oaks, in Houston — Modena Reserve at Kensington, near D.C. — Trulee Evanston, near Chicago These communities exemplify several trends in luxury senior […]

McCaffery CEO: Right Design, Operator Behind $500M Senior Housing Pipeline

McCaffery Interests’ entry into senior housing can be summed up in three words. “Development follows demand,” CEO Dan McCaffery told Senior Housing News. The Chicago-based developer broke ground last week on Modena Reserve at Kensington, a $75 million, 135-unit community with independent living, assisted living and memory care in Kensington, Maryland with operating partner, Denver-based […]

Developer McCaffery Interests Enters Senior Housing with New Solera Venture

A prominent name in real estate development is creating its first senior living projects, partnering with Solera Senior Living on a pipeline in the mid-Atlantic region of the U.S. The Denver-based senior living operator is partnering with Chicago-based McCaffery Interests on Modena Reserve at Kensington, a 135-unit community with independent living, assisted living and memory […]