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 and the annual SHN Awards Competition. Construction: Planned Belmont Village Eyes Mixed-Use Community in Los Angeles Belmont Village Senior Living is […]
Solera Senior Living hired Jamie Ranzan as president, in the latest hiring move for the growing Denver-based company. Ranzan comes to Solera from MorningStar Senior Living, where she was chief financial officer. She joined MorningStar in October 2016, as that company was beginning its own sustained period of growth, she told Senior Housing News in […]
Columbia Pacific-Singapore Press Holdings Canadian portfolio deal Columbia Pacific Advisors and Singapore Press Holdings mutually agreed to terminate a previously announced sale of a six-property, 717-unit Canadian senior housing portfolio due to global market instability stemming from the Covid-19 pandemic. The acquisition price was about $175 million, Deal Street Asia reported Wednesday. Singapore Press Holdings […]
A sizable portion of the U.S. hospitality workforce is out of work thanks to the ongoing Covid-19 pandemic — and if senior living providers want to hire them, now is the time to start reaching out. That’s according to Adam Kaplan, founder and CEO of Solera Senior Living. The Denver-based provider, which has three communities […]
While the senior living industry grapples with how to meet the massive future demand for middle-market senior housing expected to grow over the next decade, the present is less grim than the past for seniors navigating their housing options, particularly in urban environments. Technology has made it possible for seniors to have meals and groceries […]
Chess champion Garry Kasparov once said, “Many people think that if something worked yesterday and is still working today, it will work tomorrow. That’s wrong.” Kasparov’s take on this mindset applies to senior living, which finds itself at a historic, pivotal moment. Baby boomers will come to the space demanding variety in care and amenities, […]
Though the year is new, the top issues worrying the industry’s leaders are not — particularly the workforce crisis. Staffing is still top-of-mind for executives at companies such as Brookdale Senior Living (NYSE: BKD), National Health Investors (NYSE: NHI) and Senior Star. Labor expenses are climbing for many senior living companies across the U.S., and […]
Solera Senior Living announced a slew of new hires this week as it scales its organizational structure to handle a growing pipeline of new developments. That experience working with institutional capital dovetails with Solera’s growth and its partnerships with developers such as Chicago-based McCaffery Interests, which broke ground last month on a $75 million, 135-unit […]
McCaffery Interests’ entry into senior housing can be summed up in three words. “Development follows demand,” CEO Dan McCaffery told Senior Housing News. The Chicago-based developer broke ground last week on Modena Reserve at Kensington, a $75 million, 135-unit community with independent living, assisted living and memory care in Kensington, Maryland with operating partner, Denver-based […]
Hipsturbias are on the rise, and senior living developments are — perhaps surprisingly — taking pride of place in these suburbs that possess a cool factor and are popular with young adults. A mashup of “hipster” and “suburbia,” the term hipsturbia was first coined by The New York Times in 2013. Priced out of Brooklyn, […]