New Perspective Senior Living has a goal to serve 10,000 older adults by 2025, up from the roughly 2,200 residents it currently has. To help hit that milestone, the Eden Prairie, Minnesota-based developer, owner and operator has expanded its senior housing pipeline to hold as many as three to five new construction projects a year, […]
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 New Perspective to Develop Wisconsin Community New Perspective Senior Living is set to start work later […]
MedCore Partners completes $98 million portfolio acquisition in Utah, Arizona MedCore Partners, along with SunTrust Bank and Trinity Private Equity Group, acquired a 409-unit assisted living and memory care portfolio in four markets across Arizona and Utah. The total acquisition cost was $98 million. The communities include assisted living and memory care assets: Caliche Senior […]
Cushman & Wakefield brokers $48.5 million South Carolina assisted living portfolio sale Cushman & Wakefield Senior Director Paul Carr, Director David Kliewer and Executive Director Allen McMurtry represented Graycliff Capital Senior Housing in the $48.4 million sale of three assisted living and memory care communities in South Carolina’s upstate region. The buyer was Birmingham, Alabama-based […]
Erickson Living Plans Retirement Community at Marriott International HQ Erickson Living announced this week it would repurpose Marriott International’s 775,000 square-feet global headquarters in Bethesda, Maryland, into a continuing care retirement community, once the hotel conglomerate relocates to its new headquarters in downtown Bethesda, in 2022. Marriott broke ground on the 1 million square-foot project […]
A push to set in stone a new Washington State University institute named in honor of a senior living pioneer is coming close to bearing fruit. Already, the ongoing launch effort has garnered nearly $2.5 million in naming gift donations this year with more on the way, and is moving steadily along in its planning process at the Pullman, […]
The United States is in the midst of an opioid epidemic that has lasted for years—and it’s become a concern in the senior housing industry. To avoid opioid misuse in senior housing communities, it’s important to ensure pain management is a team effort and that opioids aren’t the first line of defense against chronic pain, […]
A staggering 40% of older adults treat chronic pain with opioids according to the New England Journal of Medicine. Prevalence of use, dangerous side effects and looming regulation has created a perfect storm of pressure on senior housing operators to address prescription drug use in their communities. Attendees of the Opioids & Senior Living: How […]
New Perspective Teams Up with Roobrik for Assessment Tool Eden Prairie, Minnesota-based New Perspective Senior Living recently partnered with Durham, North Carolina-based Roobrik, a provider of human-centric decision tools for age-related health and care decisions, to make an online assessment tool publicly available online. Specifically, Roobrik’s “Is it time to get help?” tool guides users […]
It’s no secret that many developers without senior living experience have entered the sector in recent years, seeing that demographics are set to drive demand. Established operators have anticipated that some of these projects will sputter out of the gate, presenting acquisition opportunities—and that is already coming to pass, faster than some expected. That was one of the […]
