It’s no secret that independent living means something different than it did just one or two decades ago — but in 2023, the product type faces an existential question: Does IL still exist? Of course, plenty of senior living operators still offer something in their communities called “independent living.” And by that measure, the product […]
Justin Wray has joined Jaybird Senior Living as the Cedar Rapids, Iowa-based senior living provider’s operations executive. Wray brings nearly two decades of senior living experience with him to Jaybird Senior Living, having worked with various senior living providers including Brookdale Senior Living (NYSE: BKD), Frontier Management, Pegasus Senior Living, Mather and Pacifica Senior Living, […]
While the senior living industry experienced unprecedented challenges during the course of the COVID-19 pandemic, one company has continued to target steady growth and innovation throughout the last two years, having increased its community count to roughly 100. San Diego-based Pacifica Senior Living, a family-owned-and-operated company, has grown its portfolio across the nation, expanding well […]
Welltower sells Florida assisted living facility for $56M Welltower (NYSE: WELL) sold Aston Gardens Assisted Living in Parkland, Florida for $55.7 million, The Real Deal Miami reports. The buyer was Kayne Anderson Capital Advisors. the property is operated by Discovery Senior Living. The property sold for $78 million in 2015. The latest sale marks a […]
Ziegler Closes $76M Series 2018 Financing Ziegler closed a $75,555,000 Series 2018 financing package on behalf of Broadmead, a nonprofit Maryland corporation. The Series 2018 tax-exempt bonds were issued through the Maryland Health and Higher Educational Facilities Authority. The Series 2018 Bonds are rated “BBB+” with a stable outlook from Fitch. Broadmead is situated on 94 […]
Genworth To Be Acquired for $2.7 Billion Genworth Financial (NYSE: GNW) has entered into an agreement to be acquired by a China-based investment company, China Oceanwide Holdings Group Co., for $2.7 billion. China Oceanwide has agreed to buy Genworth for $5.43 per share in cash. Genworth is a Fortune 500 company and a major provider […]
Construction: Planned Pacifica Senior Living to Convert Florida Hotel into Assisted Living Pacifica Senior Living will soon convert a Comfort Suites hotel in St. Augustine, Florida into a 125-unit assisted living community, reports The St. Augustine Record. Pacifica was granted a preliminary approval for the project back in December from the St. Johns County Growth Management […]
Construction: Planned Harmony Senior Living to Break Ground on $24 Million Project in Calif. Harmony Senior Living will soon break ground on a $24 million assisted living and memory care building in Tulare, Calif. that will have accommodations for 91 residents, reports the Visalia Times Delta. Phase two of the construction project will include an […]
