Whether it’s a yoga class, book discussion, camping trip or meditation garden, providers are working around the clock to keep residents well. Senior Housing News brings you a report that examines wellness in senior living from its definition to the return on investment providers are realizing. Senior housing is spending millions of dollars and thousands […]
During and after the financial crisis, the senior housing industry set itself apart for being “recession resilient.” For some senior living companies, however, the financial crisis turned into a wake-up call. Leaders in these organizations found they needed to conserve more money, and fast—without making sacrifices that would negatively impact residents. And as some companies […]
(Pecan Grove independent living building at the Highland Springs retirement community in Dallas — Photo courtesy of Erickson Living) Construction: Planned Episcopal Retirement Homes Plans $110 Million Renovations to 27 Communities Cincinnati-based Episcopal Retirement Homes plans to spend $110 million on renovating 27 of its communities nationwide, reports Cincinnati.com. The not-for-profit senior care provider will be investing in its […]
Children caring for aging parents might have a new plan of action to consider. Now, some people are moving into continuing care retirement communities (CCRCs) alongside their parents, reveling in the newfound ease of caregiving in such an environment and reaping the benefits of the facilities themselves. To date, very few adult children have joined […]
Senior housing providers have a lot to gain by reducing hospital visits among residents, as these experiences can be traumatizing for older adults, increase their odds of being exposed to infectious disease and make it more likely they will develop dementia. And of course, there are also business implications for senior housing providers for retaining […]
(Stonecroft Health Campus in Bloomington, Ind. — Photo courtesy of Mainstreet and Trilogy Health Services) Construction: Planned Benchmark Senior Living to Break Ground in Woburn, Mass. The Wellesley, Mass.-based operator will break ground on their newest senior living community, Benchmark Senior Living at Woburn, on July 29th at 10:30. This $30 million development project will bring […]
(The Westerly Residences and Wichita Presbyterian Manor – Photo courtesy of Presbyterian Manors of Mid-America) Construction: Planned LTC Properties Buys Land for New Chicago-Area Memory Care Development LTC Properties, Inc. (NYSE: LTC), a real estate investment trust (REIT) based in Westlake Village, Calif., this week acquired 3.5 acres of land in Tinley Park, Ill., a south suburb […]
Construction: Planned Avanti Senior Living Plans Two New Luxury Communities for La. Avanti Senior Living, a development, operations and management company, is planning to expand into Louisiana’s Baton Rouge and Lafayette markets later this year with two new luxury assisted living communities. In Baton Rouge, the Woodlands, Texas-based company plans to break ground on a […]
Senior care acquisitions shattered records last year. And now just two months into 2015, senior housing is leading the way when it comes to mergers, acquisitions and affiliations in both the for-profit and not-for-profit sectors. Senior housing and care represented more than 280 transaction totaling $25.75 billion last year, propelling overall health care M&A activity to […]
Marcus & Millichap Announce $13.8 Million Sale of Ohio ALF Mark Myers, Joshua Jandris and Charles Hilding of Marcus & Millichap Institutional Property Advisors represented the seller in a transaction that closed recently, involving an 82-unit assisted living and memory care facility in Canton, Ohio. The Landing of Canton was sold by a private seller […]
