Just miles from the Gulf of Mexico sits a newly expanded continuing care retirement community (CCRC) that seeks to raise the bar on luxury senior living. The community, Moorings Park Grande Lake, added a building that serves as a clubhouse and independent living residence dubbed the Moorings Park Grande Lake Clubhouse. At the heart of […]
To meet the needs of a workforce seeking affordable housing in some of the highest cost of living parts of the country, senior living providers are taking matters into their own hands. Two such operators, Naples, Florida-based Moorings Park in Naples and St. Paul, Minnesota-based Presbyterian Homes and Services, have a variety of projects underway […]
The Springs Living had already hired chefs from Columbia for its newest community in Bozeman, Montana. But, there was a problem in that they had nowhere to live. In early 2020, Bozeman was in the midst of an explosion of its already-crowded real estate market, making finding housing hard. That is not to mention the […]
A developer and a senior living company are working together to create a place to live for essential workers by buying a hotel and converting it into studio apartments. While hotel conversions are a trend in senior living, development company K2 Developers and senior living operator Moorings Park Communities are betting hotels can be a […]
The senior living industry has been adapting wellness-based practices in its operational model for years, from design trends to customized programming and activities to increase resident engagement. But pivoting to wellness is not a simple process, and involves — among other elements — engaging multiple stakeholders, transforming physical spaces, and integrating technology. That’s according to […]
Cambridge Realty Capital found a way to place new debt during the coronavirus pandemic. The West Palm Beach, Florida-based financial services firm announced it closed on $446 million in interest rate reduction (IRR) loans from April 2020 through December 2020 — activity driven by the firm’s proactiveness to help clients reduce debt load during the […]
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The wellness trend has taken the senior living industry by storm — but simply encouraging more healthy habits or offering one-size-fits-all wellness programs may not work. Residents carry with them certain innate behavioral traits and personalities that may affect their overall health and wellness outcomes, suggesting that providers need to think about catering their offerings […]
Nonprofit senior living providers have historically driven innovation in the field, but there is some concern that they are being eclipsed in this regard by for-profit competitors that are controlling more market share, can bring capital to bear more quickly and have a higher risk tolerance. The differences between nonprofits and for-profits may not be […]
Non-profit senior living providers across the U.S. have in recent years looked to mergers and affiliations as a way to gain scale and thrive in the face of industry headwinds. But some of these arrangements also come with a price: In order to join forces, at least one party needs to give up some degree […]
