Transactions & Financings: Columbia Pacific’s $177M Canadian Portfolio Sale; New Senior’s $270M Refinancing

Columbia Pacific sells Canadian portfolio for $177M Columbia Pacific Advisors is selling a six-property Canadian senior housing portfolio to Singapore Press Holdings for $176.6 million (C$232.9 million). The properties total 717 units and include: Heritage Meadows Gracious Retirement Living, an independent living community in Cambridge, OntarioThe Bradley Gracious Retirement Living, an independent living community in […]

In the Pipeline: Cypress Cove’s $60M Expansion; South Bay Partners Breaks Ground 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 and the annual SHN Awards Competition. Construction: Planned Cypress Cove at HealthPark Florida Planning $60M Active Adult Community Cypress Cove at […]

In the Pipeline: Senior Housing Construction Projects (6/15/17)

(Clarendale of Schererville rendering courtesy of LCS) Construction: Planned Seattle Community Getting $30 Million Facelift Transforming Age, a nonprofit that owns and operates 11 senior living communities in Washington and Minnesota, is planning some big upgrades for Parkshore, one of its properties in Seattle. The $30 million renovation project includes an aerobics room, green roof, […]

In the Pipeline: Senior Housing Construction Projects (12/15/16)

(Rendering of Pecan Grove at Highland Springs located in Dallas — photo courtesy of Erickson Living) Construction: Planned Arizona Developer Plans Senior Living Community Summerlin Asset Management plans to team up with Desert Land Group to create Havasu Senior Living in Lake Havasu City, Arizona. The community will include independent living, assisted living, memory care, […]

In the Pipeline: Senior Housing Construction Projects (4/21/16)

(Thrive at Beachwalk, a 125-unit senior living community operated by Thrive Senior Living in Fort Myers, Fla.) Construction: Planned Welltower, Hines Acquire Site to Develop NYC Senior Living Community The New York offices of international real estate firm Hines and Welltower Inc. (NYSE: HCN), this week announced that they have closed on the acquisition of […]

In the Pipeline: Senior Housing Construction Projects (2/11/16)

(The Healthcare Resort of Plano developed by Mainstreet and operated by The Ensign Group in Plano, Texas — Photo courtesy of Mainstreet) Construction: Planned Omega Communities Plans $45 Million Community for Ga. Birmingham, Ala.-based Omega Communities plans to begin construction later this year on a new $45 million continuing care retirement community (CCRC) in Stockbridge, […]

In the Pipeline: Senior Housing Construction Projects (12/17/15)

(Oasis at Scholar’s Landing, an affordable assisted living community in Atlanta – Photo provided courtesy of McShane Construction Company) Construction: Planned Motion Picture & Television Fund to Build $35 Million Kirk Douglas Care Pavilion In celebration of actor Kirk Douglas’ 99th birthday, the Motion Picture & Television Fund (MPTF) announced plans to build a $35 million […]

Movers & Shakers: Cushman & Wakefield’s New Hires

Cushman & Wakefield Hires Noble Carpenter and Afton Trail Cushman & Wakefield, a global real estate company, has appointed Noble Carpenter as capital markets service line leader for the Americas region and Afton Trail, CPM, as senior managing director of assets services for the firm’s Western region. Carpenter has more than 20 years of extensive […]

In the Pipeline: Senior Housing Construction Projects (10/8/15)

(Rendering of SilverCreek on Main – Ryan Companies US, Inc. and SilverCrest Properties, LLC ) Construction: Planned Riverwood Retirement Management to Expand John Knox Village of Central Florida CCRC Orange City, Fla.-based Riverwood Retirement Management, Inc. will break ground in the next few weeks on an expansion project at John Knox Village of Central Florida, a […]