Four senior housing organizations were recognized for their innovative approaches to affordable accommodations and care for the elderly with awards from the MetLife Foundation and Enterprise Community Partners. Christian Church Homes (CCH) of Northern California, Mercy Housing Lakefront and Neighborhood Housing Services, REACH Community Development, and Presbyterian Senior Living (PSL) are the winners of the 2013 […]
Presbyterian Senior Living
An unlikely partnership between several Baltimore-area public and private investors has fostered the repurposing of an old stadium into an affordable continuing care retirement community (CCRC), a project that’s been nearly 15 years in the making. The Govans Ecumencial Development Corporation (GEDCO) was one of the many competitors vying for the site of Baltimore’s old […]
Construction: Planned Developer Plans to Build Senior Housing on Grounds of Sports Stadium Presbyterian Senior Living plans to build a 36-unit rental senior living community on the grounds of Memorial Stadium, the Baltimore Sun reports. The organization anticipates that its project, Heritage Run at Stadium Place, will be completed by early spring of next year, and […]
REIT Buys N.C. ALF for $9.7 Million in Sale-Leaseback Transaction with Meridian Meridian Senior Living recently sold an assisted living community to Cornerstone Core Properties REIT Inc., an investment fund of Irvine, Calif.-based Cornerstone Real Estate Funds, for $9.7 million in a sale-leaseback transaction, reports The Business Journal. Danby House is a 100-bed, 27,129-square-foot community […]
Platinum Healthcare Sells Six-Property Ill. Skilled Nursing Portfolio for $48.5 Million Platinum Healthcare recently sold a six-property skilled nursing portfolio for $48.5 million in a transaction handled by Senior Living Investment Brokerage, Inc. The 822-bed portfolio had been owned and operated by a Midwest operator of long-term care properties. The senior care communities are located […]
Identifying care gaps and bridging them through a care collaboration has helped one nonprofit senior living organization reduce the number of emergency room visits and rehospitalizations among its residents to a nearby hospital. Hospitals are more conscious than ever of the need to provide quality care and prevent readmissions now that Medicare is docking reimbursements […]
NewCourtland Plans $5.6 Million Senior Housing Conversion Project Nonprofit community services provider NewCourtland recently broke ground on a $5.6 million conversion project that will turn a vacant suit factory into a senior housing and care campus. The LIFE (Living Independently for Elders) center, in Philadelphia, Pa., will be located in a five-story former suit plant on […]
Construction: Planned Developer Planning $76.6 Million Senior Housing Complex in Florida Project Holding 1 LLC, owned by Rajia Ackley, CEO of Coldwell Banker Ackley Realty, is planning an estimated $76.6 million, 22-acre senior housing complex in Kissimmee, Fla., reports the local Business Journal. The plan includes a five-story, 655,580-square-foot senior housing project, called Shingle Creek […]
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