Ventas tops ASHA’s annual list of largest U.S. senior housing owners for the third year in a row, followed by Health Care REIT, which edged above #3 Brookdale Senior Living for the second spot in 2013. The American Seniors Housing Association’s Top 50 list was released by the National Real Estate Investor with data compiled […]
Senior Lifestyle Corp.
Memory care has come a long way. From a not-too-distant past when little was known about Alzheimer’s disease and dementia to the present day when the most developed nations have committed to wage the war on Alzheimer’s—and win it—by 2025, a lot has changed. Today, assisted living providers have designed designated memory care “neighborhoods” and […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 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 […]
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