Madison Marquette, a Washington, D.C.-based real estate investment manager and real estate services provider, partnered with a Bahraini investment firm to acquire a six-property senior housing portfolio. GFH Financial Group announced the acquisition on Tuesday, valuing the deal at over $180 million. The portfolio totals 509 units/589 beds in a mix of private-pay independent living, […]
Senior Resource Group
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Watercrest, United Properties Announce Plans for Florida Community Watercrest Senior Living Group and United […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned $60 Million Senior Living, Multifamily Community Planned in Ohio Trustees in Sugarcreek Township, Ohio, […]
Construction: Planned Erickson Living Opening CCRC in Northern Virginia Baltimore’s Erickson Living is expanding in Fairfax, Virginia. The provider purchased a 78-acre site near George Mason University with plans to open a new continuing care retirement community (CCRC), reports the Baltimore Sun. Benchmark Senior Living Coming to Marlborough, Massachusetts Benchmark Senior Living is opening a new assisted living community […]
The Asbury Group Names Michael Hollen As President Germantown, Maryland-based Asbury Communities, Inc. named Michael Hollen as president of The Asbury Group, a management, consulting and IT solutions company specializing in senior living and long-term care, on June 1. Hollen previously worked as Sodexo Seniors’ vice president of operations, and recently joined The Asbury Group as […]
Welltower Inc. (NYSE: HCN) has agreed to purchase a portfolio of 19 senior housing properties on the West Coast for $1.15 billion, which will make the Toledo, Ohio-based real estate investment trust (REIT) the largest owner of senior housing in Northern and Southern California. The announcement coincided with the release of the REIT’s 2nd quarter […]
Welltower Foundation Launches to Promote Wellness Welltower Inc. (NYSE: HCN) launched the Welltower Foundation, an organization aimed at promoting wellness, encouraging a high quality of life for aging populations and supporting other groups and innovations that do the same. Erin Ibele has been named president of the foundation. The foundation’s first course of action is […]
Key (NYSE: KEY) closed a $635.6 million Fannie Mae credit facility for subsidiaries of Senior Housing Realty Trust (SHRT), a Maryland real estate investment trust owned by an affiliate of Senior Resource Group, LLC (SRG), and its institutional partners, the bank announced Wednesday. SRG is a national operator of luxury seniors housing communities. The new […]
Chelsea Jewish Foundation Announces Merger with Aviv Centers The Boards of Directors of the Chelsea Jewish Nursing Home Foundation, Inc. (CJF) and Aviv Centers for Living, Inc. recently announced that the two organizations are combining to serve seniors north of Boston. Together, they will become the largest senior living nonprofit organization on the North Shore, […]
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