Construction: Planned Developers Inch Closer with Independent Living Homes The Development Review Board approved the final plat layout for Black Mountain Estates, a senior housing independent living community in Brattleboro, Vermont, reports Brattleboro Reformer. Developers John and Lori Brunelle hope to begin construction of the 31 homes in September, with resident move-in anticipated by the end […]
Senior Lifestyle Corp.
Recent negative news headlines have brought senior living staff training deficiencies to light. But many providers say they are working with staff on an ongoing basis specifically to provide the level of care their residents need in an environment where those needs are rising. The recent headlines have been abundant: The past couple of months […]
Senior Lifestyle Corporation recently completed its first affordable assisted living community in Chicago Heights and is moving forward on other projects in its $158 million pipeline, many of which are heavily utilizing tax-exempt bond financing. Prairie Green in Chicago Heights is a 144-unit, $23.3 million supportive living facility that received $18.5 million in tax-exempt bond […]
Silverado Senior Living announced on Friday that it will acquire and assume management of three memory care communities currently managed by CRL Senior Living. The news follows an announcement made earlier last week that Chicago-based Senior Lifestyle Corp. would be assuming management of 11 other CRL communities. The announcement followed reporting by the Northwestern on […]
Senior living providers are revisiting and clarifying company policies in the wake of a resident’s death at a Brookdale Senior Living-operated community—an incident that grabbed the nation’s attention and could drive changes to the independent living industry. In late February, a staffer at Brookdale’s Glenwood Gardens location didn’t follow a 911 dispatcher’s requests to provide CPR […]
Construction: Planned Hipster Senior Living Community? Pabst Planning Milwaukee Project Milwaukee Pabst Senior Housing LP, a New York City-based developer, is bringing back plans to build a senior housing community in two buildings in The Brewery in Milwaukee, according to The Business Journal. The plan for the development was first floated in the summer of 2011 […]
A senior housing community in Lake Barrington, Ill. was recently sold by a joint venture between Chicago-based Senior Lifestyle Corp. and Walton Street Capital LLC to Health Care REIT (NYSE:HCN) in a $81.7 million transaction, according to Crain’s Chicago Business. Lake Barrington Woods is a 192-unit property that provides both independent and assisted living. The […]
Toledo, Ohio-based Health Care REIT (NYSE:HCN) recently acquired a retirement community in Spotsylvania County, Va. for $16.3 million, according to Fredericksburg.com. Chancelor’s Village offers assisted living and independent living and was previously owned by an entity of Chicago-based private equity real estate investment firm Walton Street Capital, according to local property records. The Walton Street […]
Toledo, Ohio-based Health Care REIT (NYSE:HCN) recently acquired a 155-bed senior living facility in Jupiter, Fla. from an affiliate of Chicago-based Senior Lifestyle Corp. in a sale-leaseback transaction. Senior Lifestyle Jupiter sold Mangrove Bay, located on a 6.52 acre property, in a $49.4 million transaction, according to the South Florida Business Journal. The sale price has […]
Chicago-based developer Senior Lifestyle Corp. confirmed it has sold two local senior housing projects in a sale-leaseback transaction. The transaction includes Autumn Green at Midway Village, a 121,600-square-foot retirement community in the West Lawn neighborhood of Chicago with 100 independent living and 23 assisted living units. The community opened in 2005 and is located adjacent […]
Subscribe
Receive industry updates and breaking news from SHN