Griffin-American Buys CCRC Portfolio in $300M RIDEA Deal

Griffin-American Healthcare REIT II has acquired four continuing care retirement communities located in the Midwest from West Loop Holdings, LLC in a RIDEA-structured deal. The purchase price was about $300 million, according to unnamed sources close to the deal. The involved parties did not disclose the purchase price in documents filed with the Securities and […]

In the Pipeline: Senior Housing Construction Projects (12/12/13)

Construction: Planned  Commonwealth Assisted Living Plans Memory Care Expansion Commonwealth Assisted Living, a Virginia-based provider of senior living communities, is planning to expand one of its communities located in Front Royal, VA, to include the company’s signature memory care program. Commonwealth is investing more than $1.5 million to add its signature, resident-centered “Sweet Memories” memory care […]

Senior Lifestyle Corp. Caps Rebranding Effort with New Online Launch

Chicago-based Senior Lifestyle Corp. recently revamped its company website and launched a new consumer blog as part of a year-long, comprehensive rebranding effort.  There were multiple reasons for rebranding the company, says Adam Kaplan, senior vice president of marketing at Senior Lifestyle.  “We felt we were getting good traffic to our site but wanted to […]

Senior Living Providers Adapt to Multi-Gen Workforce

In light of both an aging work force among baby boomers as well as new employees entering the senior living business, operators are developing new solutions to accommodate both populations along with their different learning styles and preferences when it comes to training and communications. Largely, they find, training and communication with employees requires more […]

Online Lead Surge Sparks New Approach to Senior Living Sales

With the internet a huge and growing source for senior living leads, providers are looking for ways to separate the proverbial wheat from the chaff, with major chains including Brookdale and Emeritus turning to call centers to handle and qualify volume. “At least half the leads people should get come from the Internet, and it’s […]

Top Senior Housing News of the Week: Developers Flock to Texas, Ventas’ $790M Purchase

In case you missed it…here are the top five stories grabbing Senior Housing News readers’ attention this week: 1. New Market Players Flock to Texas Senior Housing Boom—Demographics in the Lone Star State have created a hotbed for senior housing operators looking toward assisted living and memory care development.  2. Senior Living Marketers Say Success […]

In the Pipeline: Senior Housing Construction Projects (9/4/13)

Construction: Planned  Former Pabst Brewery to Become Senior Housing Apartments New York-based Whitestone Realty Capital LLC plans to create a 124-unit senior apartment complex at a former Pabst brewery in Milwaukee, BizTimes.com reports.  The five-story community, to be called Towne Club at The Brewery, will feature 31 units for independent seniors, 66 assisted living units and 27 […]

Formation Capital Acquires Senior Housing Portfolio for $400 Million

Formation Capital announced today the acquisition of a 36-property senior housing portfolio for approximately $400 million with investment partner SAFANAD, a global principal investment house, from an undisclosed seller. Senior Lifestyle Corp., based in Chicago, will continue to manage a portion of the communities, while Frontier Management, Prestige Senior Living, and other senior living management […]

In the Pipeline: Senior Housing Construction Projects (6/26/13)

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 […]