Developer Douglas Wilson Partners with HCP, Milestone to Make Senior Housing Debut

Douglas Wilson Companies (DWC), a noted San Diego-based real estate developer, has officially entered the senior living game by opening Sienna at Otay Ranch, in partnership with two well-known names in the industry: Milestone Retirement Communities and HCP Inc. (NYSE: HCP). DWC plans to open additional senior living communities throughout the western U.S. over the […]

Rigid Managers, ‘Pathetically Poor’ Storytelling Harm Senior Living Staffing Efforts

Senior living providers need to reject top-down management approaches and be bolder in how they appeal to prospective workers to overcome increasingly steep recruitment and retention challenges. This was a key message shared by industry executives Thursday at the 2018 Senior Housing News Summit in Los Angeles. The panelists described a worsening staffing crunch, due […]

Transactions & Financings: HFF, Summit Senior Living, Capital One

HFF Advises on $115 Million Financing for Seattle Senior Housing Development Holliday Fenoglio Fowler, L.P. (HFF) has advised Columbia Pacific Advisors on the $114.69 million financing for a luxury, high-rise senior housing property in Seattle. The 24-story property—620 Terry—will offer 243 Class A residential units comprising 194 independent living units, 21 assisted living units and 28 […]

Atria, Milestone CEOs: Operators Need to Be Smarter About Scaling Up

The struggles of industry giant Brookdale Senior Living (NYSE: BKD) have raised questions about how big is too big. While they recognize that there are lessons to be learned from Brookdale’s post-merger troubles, some industry leaders still believe that large-scale operations are feasible, if companies can figure out smarter ways to grow. After its 2014 merger with […]

In the Pipeline: Senior Housing Construction Projects (6/22/17)

(Exterior rendering of Chelsea Senior Living of Shrewsbury courtesy of Capitol Seniors Housing) Construction: Planned The National Realty Group, MedCore Partners to Expand Houston-Area Footprint The National Realty Group (TNRG) and MedCore Partners are teaming up to build a new independent living, assisted living and memory care community in Atascocita, Texas, which is near Houston. Work on […]

Senior Housing Finance Activity: Ziegler, Harborview Capital Partners

Ziegler Closes $54.05 Million Financing for CCRC Operator in California Chicago-based speciality investment bank Ziegler recently announced the closing of the $54,045,000 tax-exempt, fixed-rate Series 2017 financing for Channing House, a California not-for-profit 501(c)(3) company that operates a continuing care retirement community (CCRC) in Palo Alto, California. The CCRC has 191 residential living units, 26 […]

Senior Housing Finance Activity: KeyBank, HFF

KeyBank Provides $47.7 Million in Financing for Assisted Living Portfolio in Southeast KeyBank Real Estate Capital has arranged a total of $47.7 million of permanent financing for six assisted living facilities managed by Ridge Care Inc. The financing included a 35-year, $38.5-million fixed-rate loan through the FHA 232/223(f) mortgage insurance program, as well as a $9.2 […]

Senior Housing Finance Activity: SQLC Surpasses $1 Billion in Financing

Senior Quality Lifestyles Corporation Surpasses $1 Billion in Financing Since 1999 Dallas-based senior living community developer Senior Quality Lifestyles Corporation has surpassed $1 billion in financing since it was founded in 1999. In 2015 alone, SQLC has secured more than $254 million in new funds for expansion, upgrades and refinancings of several of its continuing […]

Editor’s Picks: New Name for CCRCs, Brookdale Taps Walmart Exec

This week, Senior Housing News Readers learned about the new name for continuing care retirement communities (CCRCs) and delved into Brookdale Senior Living’s (NYSE: BKD) latest executive board appointments. Readers were also introduced to a new senior housing developer and discovered how asset prices have Welltower Inc. (NYSE: HCN) holding off on major deals. Here […]

In the Pipeline: Senior Housing Construction Projects (10/22/15)

(Exterior of Trillium Woods, a $161 million CCRC now open in Plymouth, Minn.) Construction: Planned Douglas Wilson Companies to Launch First Senior Living Development Signaling its entry into the senior living market, Douglas WIlson Companies (DWC) plans to break ground on its first assisted living and memory care community next year. The inaugural project will be a […]