(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 […]
It’s been a spicy news week, dominated by two organizations: HCP Inc. and Argentum. HCP has been the laggard among the “Big 3” senior housing real estate investment trusts in recent years, seeing its share price drop below its peers as it has confronted a number of issues. With the news this week that it […]
(Tribute at Heritage Village — A senior living community in the Washington, D.C. metro area developed and operated by Atlanta-based Thrive Senior Living) Construction: Planned Civitas Senior Living Plans Summer Construction for Texas Community Officials with Fort Worth, Texas-based Civitas Senior Living and Summerlin Asset Management announced last week that construction will begin this summer […]
(Sagewood, a Life Plan community in Phoenix, Ariz. – Photo courtesy of Lavidge public relations) Construction: Planned Certus Senior Living Plans $12 Million Fla. Memory Care Facility Certus Senior Living expects to break ground this summer on a new $12 million, 64-unit memory care community in Orlando, Fla., near Waterford Lakes, reports the Orlando Business Journal. […]
(The Blake at Oxford in Oxford, Miss. – Photo Courtesy of The Blake at Oxford) Construction: Planned Abby Development Plans Two Senior Living Projects for Texas, Louisiana Dallas-based developer, owner and operator of luxury senior housing communities, Abby Development, this week announced plans to build two new projects in Burleson, Texas and Lafayette, La. Expected to break […]
Construction: Planned Summerlin Asset Management Plans 2016 Groundbreaking for 135-Unit IL Project Summerlin Asset Management, a real estate investment company with offices in Lake Havasu City, Ariz. and Irvine, Calif., plans to break ground on a 135-unit independent living community in Houston during the first quarter of 2016. Architectural plans include 160,000 square feet of […]
Cushman & Wakefield Arranges $53.4 Million in Construction Financing for LCB Senior Living Developments in Massachusetts Cushman & Wakefield Senior Housing Capital Markets, a global real estate services firm, has arranged $53.4 million loan in construction financing and joint venture equity for LCB Senior Living’s two senior housing developments in Massachusetts. The Residence at Vinnin Square […]
Senior living is already flush with a variety of capital sources, new operators and other entrants looking to cash in on the sector’s favorable demographic trends. But as new players continue to enter the space, they are inevitably priming themselves and the industry for even more consolidation over the next few years. Simply put: consolidation […]
(Ventana by Buckner – Photo courtesy of Buckner Retirement Services) Construction: Planned Buckner Senior Living Reveals Renderings of Dallas High-Rise CCRC Texas-based Buckner Senior Living, a not-for-profit organization that is part of Buckner International, recently revealed new renderings of its latest project: a high-rise continuing care retirement community (CCRC) called Ventana by Buckner. Scheduled to […]
The U.S. faces an impending surge in the number of seniors who will require long-term care, while simultaneously facing a staggering shortage in the number of caregivers to serve them. This situation carries serious implications for senior housing providers in the coming years, but they may be able to avoid this “caregiver cliff” by recruiting […]
