MorningStar Hires First President, Names New CFO

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 […]

With Trio of Operators, Confluent Continues Senior Living Development Push

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 […]

Ventas, Welltower, HCP Pegged as Top Investment Opportunities in 2017

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 […]

In the Pipeline: Senior Housing Construction Projects (7/28/16)

(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, […]

Acquisition Treadmill Presents Problems for Big 3 REITs

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 […]

Senior Housing Development Heats Up in Arizona Post-Recession

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,” […]

Top Stories of the Week: Dining Drives Occupancy Higher, HCP Fires CEO

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 […]

In the Pipeline: Senior Housing Construction Projects (9/4/13)

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 […]

HCN’s Sunrise Acquisition: Not a Bargain, But Has Long-Term Strategic Value

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, […]