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 […]

Senior Lifestyle Corp., Walton Street JV Sells Senior Property for $82 Million

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 […]

Health Care REIT Buys Va. Senior Living Community for $16.3 Million

Toledo, Ohio-based Health Care REIT (NYSE:HCN) recently acquired a retirement community in Spotsylvania County, Va. for $16.3 million, according to 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 […]

Health Care REIT Buys Fla. Senior Living Community in $49.4 Million Transaction

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 […]

Senior Lifestyle Corp. Sells Two Chicago Senior Living Communities in Sale/Leaseback

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 […]

Health Care REIT Acquires Wisc. Senior Housing Community for $38 Million

Health Care REIT, Inc. recently bought a senior housing community from a subsidiary of Senior Lifestyle Corporation for $38 million, reports CoStar.  The community consists of two apartment buildings located in Greendale, Wisc., with a total of approximately 250,300 square feet.  The properties were under contract for about two months prior to closing and were […]

Which Companies Were Recognized For ALFA’s 2012 Best of the Best Awards?

The Assisted Living Federation of America (ALFA) recently announced the winners of its fifth annual Best of the Best Awards, which recognizes forward-thinking companies in or related to the senior living industry for innovative programs and services they’ve implemented. The awards encompass eight categories, listed below with the winner of each:  Resident Health & Wellness—Senior […]

Partnering with Rehabilitation Services is a “Win-Win,” For Senior Housing

Establishing partnerships between assisted living and other post-acute care providers—particularly rehabilitative services—is essential going forward in the senior living industry, a panel of senior care executives told attendees of ALFA Community 2012 session in Dallas on Wednesday. While there are many different components of the post-acute care continuum, the relationship between rehabilitation and assisted living […]

Health Care REIT Affiliate Buys Wisc. Senior Housing Complex for $38 Million

HCRI Wisconsin Properties LLC, an affiliate of Ohio-based Health Care REIT, recently bought a Wisconsin senior housing complex for $28.6 million from Chicago-based Senior Lifestyle Corp, according to the Milwaukee Journal Sentinel. Harbour Village is a 229-unit senior living community located in Greendale, Wisc. that includes 118 independent living apartments, 59 assisted living apartments, and […]