KT Urban, Related, Atria To Create Silicon Valley Senior Housing With Affordable Component

Real estate developer KT Urban is partnering with Related Companies and Atria Senior Living to bring a mixed-use project to Cupertino, California. Plans for the Westport Cupertino project call for 88 townhomes and 206 senior living units, KT Urban Partner Shawn Milligan told Senior Housing News. The project also will involve a 20,000-square-foot retail component, […]

Transactions & Financings: Related Cos. JV Lands $276M; New Senior Completes $385M Portfolio Sale

New Senior completes $385M AL/MC Portfolio sale New Senior Investment Group (NYSE: SNR) completed the $385 million sale of its entire assisted living and memory care portfolio for a gross sale price of $385 million (the “Transaction”). Proceeds from the transaction, which was first announced last November, were used to reduce debt by approximately $360 […]

Related, Atria, Welltower, Spitzer Close on JV for Hudson Yards Highrise

Welltower (NYSE: WELL) and Atria Senior Living are involved in the mixed-use tower development by Related Companies and the real estate firm of former New York Governor Eliot Spitzer near the Hudson Yards mega-redevelopment. Related, the New York-based real estate developer, announced the strategic partnership in a press release on Wednesday, February 5. In June […]

Luxury Highrise CCRC The Clare Sold for Reported $105M

A high-profile continuing care retirement community (CCRC) in Chicago that rebounded after financial and operational difficulties years ago has been sold for a reported $105 million. Des Moines, Iowa-based senior living company LCS and Harrison, New York-based Senior Care Development have bought private-equity firm Fundamental Advisors’ 75% stake in the 334-unit community in Chicago’s Gold […]

Pent-Up Demand Fuels New York City’s Senior Living Renaissance

Demand for urban senior living is increasing across the country, and the nation’s largest city is a hotbed. Given New York City’s particular market dynamics, flashy new projects are coming out of the ground, an existing community on the Upper West Side is thriving, and a real estate investment trust recently paid a historically high […]

Ventas ‘Delighted’ by Senior Housing Trends, Anticipates ‘Pivot to Growth’

Ventas (NYSE: VTR) hit the ground running in the first quarter 2019 as it entered what CEO Debra Cafaro called a “pivot to growth,” which she anticipates will be fueled by increasingly favorable senior housing supply-demand dynamics. However, in the meantime, Ventas’ senior housing operating portfolio (SHOP) performance continues to be affected by elevated supply […]

Atria, Related Companies JV Targets $3 Billion of Urban Luxury Senior Living

Atria Senior Living is embarking on a new joint venture with luxury real estate firm Related Companies to develop, own and operate more than $3 billion worth of senior living communities in major, urban markets across the U.S. The joint venture, announced Tuesday, initially includes sites in New York City, San Francisco, Boston, Los Angeles, Miami, Washington […]