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 built in 2001 and is located about 27 miles outside […]
Northstar Senior Living
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 senior living provider and the nation’s sixth-largest such organization. The […]
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 Advisors, a real estate private equity investor in off-campus student […]
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 to a newly released study. The findings from LTCG are […]
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 of a high-end community serving lesbian, gay, bisexual and transgender […]
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 projects, the Fort Myers development will be the company’s first […]
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 will sit on 7.5 acres and will include 22 rental […]
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 people age 62 and older. Construction on the Westminster Place […]
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 managed by Northstar Senior Living, will offer resort-style accommodations and […]
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 67-unit senior living community that will include independent, assisted living […]
