Illinois CCRC Files for Bankruptcy, Seeks to Restructure $141M in Debt

A continuing care retirement community in suburban Chicago filed for Chapter 11 bankruptcy protection last week, after defaulting on a portion of its $141 million in debt. Park Place of Elmhurst in Elmhurst, Illinois defaulted on nearly $15.5 million in bond debt issued by the Illinois Finance Authority in 2016, a document filed in the […]

In the Pipeline: Senior Housing Construction Projects (11/17/16)

(Rendering of The Blake at Edgewater located in Indian Land, S.C. — photo courtesy of The Blake) Construction: Planned Thrive Senior Living Announces New Community in Florida In partnership with Fortress Ventures and Compass Real Estate, Thrive Senior Living has announced the development a new senior living community in Naples, Fla., Thrive at Naples. The […]

In the Pipeline: Senior Housing Construction Projects (9/17/15)

(Metro @ Compton – An affordable senior housing community in Compton, Calif.) Construction: Planned Living Care Lifestyles Plans Seattle Memory Care Community  Seattle-based Living Care Lifestyles plans to break ground next spring on a new free-standing memory care community in West Seattle, which it says will be the only dedicated memory care community in the […]

In the Pipeline: Senior Housing Construction Projects (11/6/14)

Construction: Planned Smith/Packett to Bring $28 Million Project to South Carolina Senior housing developer Smith/Packett is believed to have a $28 million community planned for North Charleston, S.C., local The Summerville Journal Scene reports. The Crossings at Wescott Plantation will be a 182-unit community providing housing options for independent, assisted living and memory care. Project team […]

In the Pipeline: Senior Housing Construction Projects (10/9/14)

Construction: Planned Developers Plan $10 Million Senior Housing Project for Kokomo, Ind. The NRP Group LLC, a Cleveland, Ohio-based developer, this month announced plans to pursue a $10.2 million senior housing project in Kokomo, Ind., reports local Kokomo Tribune. NRP will submit a proposal to the Indiana Housing & Community Development Authority for housing tax […]

Senior Housing Investment & Acquisition Round-Up (5/19/13)

Senquest Senior Living Buys Ohio Community for $12 MIllion Senquest Senior Living, the senior housing business of Titan Real Estate Investment Group Inc., recently acquired an independent and assisted living property near Akron, Ohio for $12 million. Liberty Residence I and II have a total of 137 units which were 91% occupied at time of […]

In the Pipeline: Senior Housing Construction Projects (6/20/2012)

Construction: Planned AFL-CIO to Invest $10 Million Toward an Ohio Affordable Senior Housing Project The AFL-CIO Housing Investment Trust (HIT) is investing $10 million into a $14 million rehabilitation project for the Mayfield Manor Apartments, a senior housing complex in Canton, Ohio. The complex will keep 144 units affordable for current residents for 20 more […]