In the Pipeline: Watercrest, St. Joe Open Florida Community; University Collaboration in Oklahoma

Construction: In progress Resort Lifestyle Communities held a Feb. 18 ceremony event to mark the groundbreaking of a new senior living community in Morrisville, North Carolina. The $30 millon community, Brier Pointe, is slated to have an in-house bank, pharmacy, general store and salon that are all open to the public. Residents can choose from […]

In the Pipeline: Waterfront Senior Housing Planned in Virginia; New $190M Community in Colorado

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 Cadence, Flournoy Start Work on Seattle Community Cadence Living and Flournoy Development Group have broken ground on Cadence at Kent-Meridian, a 128-unit senior living […]

MedCore, Locust Point Acquire 7-Property Senior Living Portfolio from Ventas

Real estate investment and development firm MedCore Partners has acquired a seven-property senior living portfolio operated by Senior Services of America (SSA), and has ambitions to do similar value-add, middle-market deals going forward. The 582-unit portfolio consists of five properties in Washington state and two in California, offering a mix of independent living, assisted living […]

Transactions & Financings: Related Cos. JV Lands $276M; New Senior Completes $385M Portfolio Sale

New Senior completes $385M AL/MC Portfolio sale New Senior Investment Group (NYSE: SNR) completed the $385 million sale of its entire assisted living and memory care portfolio for a gross sale price of $385 million (the “Transaction”). Proceeds from the transaction, which was first announced last November, were used to reduce debt by approximately $360 […]

Movers & Shakers: MedCore Expands Senior Living Team; New Senior Living Communities Hires

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

Transactions & Financings: Brookdale’s $160M Credit Facility; Westmont Living’s $58M Acquisition

The NIC Fall Conference is underway in Chicago and the deals are flowing like wine. Here are some recent transactions. Brookdale secures $160M credit facility Brookdale Senior Living (NYSE: BKD) secured a $160.3 million credit facility for a five-community, 945-unit portfolio in Alabama, Michigan, Pennsylvania and Texas. Brookdale has owned and operated the portfolio for […]

Transactions & Financings: JLL’s $2B HFF Acquisition Approved; Presbyterian-Westminster Merger Called Off

JLL completes $2B HFF acquisition Stockholders at Dallas-based capital services provider HFF (NYSE: HFF) last week approved a proposal by commercial real estate services firm JLL (NYSE: JLL) to buy HFF in a cash-and-stock transaction valued at $2 billion. News of the deal was first announced in March. Both firms are active in the senior […]

In the Pipeline: New Blake Project in Florida; LCS Community Expanding

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Quality Senior Living, Blake Announce Florida Project Quality Senior Living’s management, through newly formed […]