This article is part of your SHN+ subscription 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 Confluent Senior Living enters agreement to build MorningStar California community Confluent Senior Living and MorningStar Senior […]
MorningStar
Senior living company MorningStar has named Mark Andrzejewski as its first-ever president and Eric Spencer as its new CFO. Andrzejewski is the former CEO of Alliance Physical Therapy Partners, a physical therapy company based in Grand Rapids, Michigan. As president of Denver-based MorningStar, Andrzejewski will lead the overall operations for the company, which has more […]
Confluent Senior Living has emerged in the past year as an active developer with a national senior housing portfolio and partnerships with three well-established operators. The Denver-based firm has 13 completed communities, with another six in varying stages of construction, Managing Director John Reinsma told Senior Housing News. In the past 12 months, Confluent nearly […]
Amid greater uncertainty following the results of a tumultuous national election, health care real estate investment trusts (REITs) may be a bright spot among other real estate sectors. Just as they fared well during the recession thanks to their demand-driven real estate assets, health care REITs, including the “Big 3”—Welltower (NYSE: HCN), Ventas (NYSE: VTR) and […]
(Rendering of Cherrywood Pointe of Minnetonka, located in Minnetonka, Minn. — Photo courtesy of Cherrywood Pointe Senior Living) Construction: Planned Community Will Expand CCRC in Carlisle, Pa. A Presbyterian Senior Living CCRC will begin construction of 12 residential homes for independent living. Green Ridge Village already serves more than 300 older adults in personal care, […]
The growth of the Big Three health care REITs is clear, as they have flooded the senior housing space with a slew of recent deals. But this continued rapid growth highlights risks that may force REITs to change their investment strategies, Fitch Ratings suggests. Recently, the REITs have shuffled the industry with billion-dollar transactions focused […]
Arizona has long been seen as a retirement destination, but with home values beginning to recover in hard hit areas like Phoenix, some developers are seeing it as a brand new opportunity for senior living. “The last couple of years have been on the quiet side for senior housing development—the [real estate] market in general,” […]
In case you missed it, here are the top five stories grabbing Senior Housing News readers this week: 1. HUD Releases Government Shutdown Contingency Plan—The Department of Housing and Urban Development informed lenders it would keep vital functions running within the department through the government shutdown, but that multifamily and health care loans not already […]
Construction: Planned Former Pabst Brewery to Become Senior Housing Apartments New York-based Whitestone Realty Capital LLC plans to create a 124-unit senior apartment complex at a former Pabst brewery in Milwaukee, BizTimes.com reports. The five-story community, to be called Towne Club at The Brewery, will feature 31 units for independent seniors, 66 assisted living units and 27 […]
When Toledo, Ohio-based Health Care REIT (NYSE:HCN) announced on Wednesday that it was acquiring all of the approximately 58.3 million outstanding shares of national senior living provider Sunrise Senior Living (NYSE:SRZ) for $14.50 a share, it didn’t exactly get a bargain—but it did make a smart long-term investment, analysts agree. Despite the steep price tag, […]