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 […]

Developer’s $158 Million Pipeline Bridges Affordable Senior Housing Gap

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 to Acquire Three Communities from Troubled CRL Operator

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 Companies Revisiting Policies in Brookdale Incident’s Wake

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 […]

In the Pipeline: Senior Housing Construction Projects (1/23/13)

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 […]