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 […]
Silverado
(Rendering of Landmark Memory Care located in Lafayette, Colo. — Photo courtesy of Landmark Memory Care) Construction: Planned Development of Thrive at Green Island Community Announced Flournoy Development Company of Columbus, Ga. and Atlanta-Based Thrive Senior Living announced their partnership to develop Thrive at Green Island in Columbus, Ga. Flournoy will be the developer for […]
As more and more people are diagnosed with Alzheimer’s, dementia and other forms of memory loss, some memory care providers are finding that modifying certain lifestyle factors or changing resident settings earlier in the game can generate ‘dramatic’ results—and sometimes stave off disease progression, at least to an extent. Kirkwood Orange, a be.group assisted living […]
It’s been a spicy news week, dominated by two organizations: HCP Inc. and Argentum. HCP has been the laggard among the “Big 3” senior housing real estate investment trusts in recent years, seeing its share price drop below its peers as it has confronted a number of issues. With the news this week that it […]
Trends, influenced by tailwinds and headwinds, blow strong and then can change course over short periods or over a span of many years. On an airplane, these tailwinds and headwinds create turbulence, causing temporary discomfort that typically passes with smoother air ahead. So even though a slight tailwind at the senior housing industry’s back is […]
Shamim Wu, current executive vice president of sales for Holiday Retirement, has been named president and chief operating officer of Silverado Care, the companies announced Tuesday. Wu will assume her new position Jan. 18. Wu’s move comes at a time when many in the industry are raising concerns about future leadership, as the pace of CEO retirements […]
Construction: Planned Presbyterian SeniorCare Plans Memory Care Community for Pa. Presbyterian SeniorCare this week announced plans to build a new memory care community—the first of its kind for Washington County, Pa. Woodside Place of Washington will be based on the Woodside Place of Oakmont community, one of the first residential Alzheimer’s care facilities in the […]
(Metro @ Compton – An affordable senior housing community in Compton, Calif.) Construction: Planned Living Care Lifestyles Plans Seattle Memory Care Community Seattle-based Living Care Lifestyles plans to break ground next spring on a new free-standing memory care community in West Seattle, which it says will be the only dedicated memory care community in the […]
With 10,000 baby boomers turning 65 every day and a huge wave set to come through the doors in the coming years, senior living providers are already preparing for the surge of new retirees by enlisting their existing residents for sales and marketing strategies. For some, the resident participation has helped with more authentic messaging, which has led […]
(Rendering of Westminster of Dallas — Photo courtesy of Riverwood Retirement Management Inc.) Editor’s note: Senior Housing News will be observing the Labor Day holiday on Monday, September 7, but will return to our normal posting schedule Tuesday, September 8. In the meantime, everyone here at SHN would like to wish all of our readers […]
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