Living Care Senior Housing Development Sells Texas Assisted Living Community for $7.86 Million Evans Senior Investments (ESI) announced it arranged Living Care Senior Housing Development’s sale of The Lodge at Quail Park, an assisted living community in Frisco, Texas, for $7.86 million. The 64-unit community was Read More »
Senior Housing Investments & Transactions: Five Star Transfers to Nasdaq
ABHOW, be.group Complete Merger American Baptist Homes of the West (ABHOW) and be.group have completed their merger and will now be part of holding company Cornerstone Affiliates. The previously announced deal was approved by regulators early last month. The merged companies form California’s largest nonprofit Read More »
Senior Housing Investments & Transactions: HFF, NHI
HFF Closes Sale of Seniors Housing Community in Florida Dallas-based Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a seniors housing community in Melbourne, Florida, called Sonata at Melbourne. HFF marketed the community on behalf of the seller. Kayne Anderson Real Estate Read More »
Most Read: 10 Most Expensive Places for Assisted Living
In case you missed them … here are the top headlines that grabbed Senior Housing News readers’ attention this week. 10 Most Expensive Places for Assisted Living: DC Tops Again— Assisted living care is most expensive in the nation’s capital and in the Northeast, according Read More »
Operator Finds Sweet Spot for High-End LGBT Senior Housing Launch
While the senior housing industry has given way to a plethora of niche communities that cater to various facets of life, a particular lifestyle model is rising to the top with style—one that has a California senior housing operator eyeing significant opportunity following its launch Read More »
In the Pipeline: Senior Housing Construction Projects (1/5/14)
Construction: Planned Omega Communities Buys Fla. Site for New $25 Million Community Birmingham, Ala.-based developer Omega Communities this month acquired a nine-acre site in Fort Myers, Fla., which will be the location of the company’s third project in southwest Florida this year. Unlike Omega’s other Read More »
In the Pipeline: Senior Housing Construction Projects (8/7/14)
Construction: Planned Developer to Build $17MM, 124-Unit Affordable Senior Housing in Texas Miller-Valentine Group, a Dayton, Ohio-based real estate developer, plans to build a $17.7 million, 124-unit affordable senior housing community in Fort Worth, Texas, reports Fort Worth Business Press. The Reserve at McAlister community Read More »
In the Pipeline: Senior Housing Construction Projects (7/17/14)
Construction: Planned Presbyterian Senior Living Awarded Funds to Build Penn. Senior Apartments Presbyterian Senior Living (PSL) this week announced it has been notified that the Pennsylvania Housing Finance Agency (PHFA) has awarded funding to them to build a 50-unit apartment building for low- to moderate-income Read More »
Calif. Assisted Living Community Targets Growing Wave of LGBT Seniors
Growing national support for lesbian, gay, bisexual and transgender rights has sparked an increase in development plans for LGBT-friendly senior housing properties in cities nationwide, the most recent of which will open mid-summer in Palm Springs, Calif. Stonewall Gardens, a new 24-unit assisted living community Read More »
Challenged California Hotel Gets New Life As Senior Living
A once prominent hotel in the Sacramento area has been approved to become a senior living community, a week following an announcement of a similar conversion project taking place in Florida. Developers plan to convert the Rocklin Hotel near the Sacramento metro area into a Read More »