Hard-Hit Memory Care Sector Faces Slow Road to Recovery

After a few brutal years for standalone memory care, supply pressures are easing and occupancy is ticking up. But a rebound will be gradual, as hard-hit companies in the space try to reset, and owners and operators glean lessons from this recent period of distress. Construction of freestanding memory care communities peaked in the fourth […]

Phoenix Senior Living CEO: We Saw Opportunity Where There Was No Supply

Founded in 2014, Roswell, Georgia-based Phoenix Senior Living today has grown to more than 20 properties operating under multiple brands. One of these brands, The Retreat, is tailored for more rural areas of the Southeast, where company founder, CEO and President Jesse Marinko sees “sneaky growth” of a more affluent demographic and a lack of […]

New Transform Podcast – Multi-Brand Portfolios

Two new senior living operators are creating multi-brand portfolios — a common practice in the hotel industry that is gaining traction in senior living. To hear more about Phoenix Senior Living and Solera Senior Living, including how they are using multi-brand strategies as they expand, listen to the latest episode of Transform, a podcast about […]

Transactions & Financings: Ensign Group’s Campus Acquisition; LTC Transitions Thrive Communities

The Ensign Group acquires Texas post-acute care campus The Ensign Group (Nasdaq: ENSG) completed the acquisition of Golden Palms Rehabilitation and Retirement, a post-acute care campus in Harlingen, Texas. The campus includes 38 assisted living beds, 92 independent living units and a 60-bed skilled nursing facility. Ensign Group acquired the real estate and operations. LTC […]

New Senior To Bring In More Operators in 2019

After a year of restructuring and bringing its management in-house, New Senior Investment Group (NYSE: SNR) is entering 2019 with a new focus and, for the first time, some investor guidance. The New York City-based health care real estate investment trust (REIT) reported an $86.6 million net loss in Q4 2018, or a $1.05 loss […]

In the Pipeline: Civitas Plans Texas Project; Belmont Village Opening in California

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Civitas Senior Living, LKP Ventures Announce Texas Project Civitas Senior Living and real estate […]

In the Pipeline: Erickson Living to Redevelop Marriott HQ Into CCRC

Erickson Living Plans Retirement Community at Marriott International HQ Erickson Living announced this week it would repurpose Marriott International’s 775,000 square-feet global headquarters in Bethesda, Maryland, into a continuing care retirement community, once the hotel conglomerate relocates to its new headquarters in downtown Bethesda, in 2022. Marriott broke ground on the 1 million square-foot project […]

In the Pipeline: Capitol Seniors Housing Starts Work Near Chicago; Leisure Care Opens in California

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Florida Community Plots Assisted Living Expansion Campo Felice, an active adult community in Fort […]

Phoenix Senior Living Strikes JVs with ReNew REIT, Connexion Development

Phoenix Senior Living is planning to expand its footprint in the Southeastern United States with the help of its new joint venture partner Connexion Development. The Roswell, Georgia-based provider also is the first RIDEA partner for ReNew REIT—the real estate investment trust recently founded by senior living veteran George Chapman. On Wednesday, Phoenix announced a […]

Transactions & Financings: Blueprint, Phoenix Senior Living

Phoenix Senior Living Acquires Three Senior Living Communities Phoenix Senior Living recently assumed management of* three senior living communities in Atlanta, Georgia: Addington Place of Johns Creek, Addington Place of Alpharetta, and Manor on the Square. Phoenix officially began managing these communities on January 1. Consequently, Phoenix Senior Living now operates eight communities in the Southeast, […]