This coverage of the 2017 National Investment Center for Seniors Housing & Care Spring Investment Forum is brought to you by Mainstreet. As the nation’s largest developer of transitional care properties, Mainstreet specializes in real estate development, value investments and health care. With Mainstreet’s support, SHN is bringing event coverage of the NIC conference, which […]
Oppidan Investment Company
Blackstone Buys Florida Properties for $155 Million Blackstone Group (NYSE: BX) purchased four senior living communities from Welltower Inc. (NYSE: HCN) in South Florida for a combined $154.7 million. The acquisitions are part of a previously announced $1.13 billion deal between Blackstone and Brookdale Senior Living (NYSE: BKD). The transactions include: Mangrove Bay, a 155-unit complex […]
(Rendering of Atria at Villages of Windsor located in Palm Beach County, Florida — photo courtesy of Atria Senior Living) Construction: Planned Developers Investing $9 Million In New Memory Care Community A new memory care community is planned to start construction soon. The $9 million Fieldstone Memory Care community, located in Spokane, Washington, will be […]
(Rendering of OPAL by element, located in Vancouver, British Columbia — Photo courtesy of Element Lifestyle Retirement Inc.) Construction: Planned Permits Finalized on $97.4M Senior Community in Canada Located in Vancouver, British Columbia, Element Lifestyle Retirement Inc. has announced its final approval for a $97.4 million project, OPAL by element. The community will be Element’s […]
(Rendering of Market Street Memory Care Residence, located in Palm Coast, Fla. — Photo courtesy of Watercrest Senior Living Group) Construction: Planned Development Announced for Memory Care Communities Market Street Memory Care Residences, located in Palm Coast, Fla., will break ground in December. The community, owned and operated by Watercrest Senior Living Group, will be 46,000 square feet […]
(Rendering of Windsor Run, located in Matthews, N.C. — Photo courtesy of Erickson Living) Construction: Planned Senior Housing Community Planned, Minn. A new senior housing community is planned on 5.8 acres of land in North Napa, Minn. The Napa Senior Housing development will be 195,000 square feet and stand three stories tall. There will be […]
(Dining room at Kalākaua Gardens in Honolulu) Construction: Planned Pinkard Construction to Build Colo. Assisted Living, Memory Care Expansion Construction manager and general contractor Pinkard Construction Company was recently awarded the construction of Sunny Vista Living Center’s new assisted living and memory care expansion in Colorado Springs, Colo. The new, $10.5 million building, designed by Lantz-Boggio Architects, […]
(Metro @ Compton – An affordable senior housing community in Compton, Calif.) Construction: Planned Living Care Lifestyles Plans Seattle Memory Care Community Seattle-based Living Care Lifestyles plans to break ground next spring on a new free-standing memory care community in West Seattle, which it says will be the only dedicated memory care community in the […]
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 […]
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