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, […]
In senior living, a company’s brand is reflective of its reputation, not only in the eyes of consumers and their families, but to state regulators as well. Operators who have gone the extra mile to polish their brands through the use of various quality measurements have seen tangible successes in their operations. Whether it’s maintaining […]
Health Care REIT (NYSE:HCN) is looking to build upon the record growth of its senior housing portfolio with a near-$400 million joint venture investment with a California senior housing operator. During the first quarter ended March 31, 2014, Health Care REIT made $542 million of investments, of which the company invested $386 million to acquire […]
With new senior housing and care construction still challenging to finance, investors and operators have a great opportunity to reposition aging stock to meet the demand of future residents, said panelists at the National Investment Center for the Seniors Housing & Care Industry’s National Conference earlier this week. There has been a “dramatic” change in […]
Senior Resource Group, LLC, headquartered in Solana Beach, Calif., announced on Tuesday that it had assumed the management and operations of Monarch Village San Francisco in Daly City, Calif., in a deal with undisclosed terms. The 208-unit independent living community has been renamed Peninsula Del Rey. Located at 165 Pierce Street in Daly City, the […]
