Sparrow Capital Partners is shifting it out of “start up mode” with a new leader in its management company and even greater growth planned in the active adult sector. That’s according to Brett Robinson, who joined the Austin, Texas-based company full-time as president of Sparrow Living at the start of the year. Originally working with […]
This article is available as part of your SHN+ membership Earlier this week, Welltower (NYSE: WELL) made headlines by acquiring a 25-property portfolio operated by Affinity Living Communities for nearly $1 billion. The portfolio consists of 3,900 units primarily concentrated in the Pacific Northwest and carries an average age of less than eight years. With […]
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 […]
This article available as part of your SHN+ membership All signs point to 2024 being another banner year for the growth in the active adult sector, judging by recent news. Among the active adult-related headlines and storylines from the last few weeks, a few featured Greystar. Thanks to its sizable active adult portfolio, the company […]
SHN reporters Nick Andrews and Austin Montgomery also contributed to this story. Fast growth in the face of headwinds, forward-thinking operating models, deep industry experience — these are just some of the traits of the senior living companies standing out in 2023. Though the industry is undergoing pain this year, these operators’ companies are blazing […]
Welltower (NYSE: WELL) has entered into a definitive agreement to purchase a 25-property senior apartment portfolio from real estate firm Calamar for $502 million. The communities are located on the East Coast and in the Midwest, and carry average monthly rents of $1,300 per unit and an average resident length of stay above five years, […]
Fast-growing Sparrow Partners is expanding its middle-income active adult model across the U.S. — and looking ahead, the company has its eyes on markets on both coasts. The Austin, Texas-based active adult operator and developer has 10 operating communities and 17 others under development in Arizona, Florida, Nevada, Oklahoma and Texas, with 13 of those […]
Transactions 12 Oaks Managing 4 Longview Communities in Oklahoma 12 Oaks Senior Living deepened its relationship with Longview Senior Housing by taking on management of four assisted living and memory care communities in Oklahoma. In addition to the four Oklahoma communities, 12 Oaks manages six Longview senior living communities in Texas. Financings Ziegler Closes Nearly […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Morningstar Senior Living Partners with Confluent Senior Living for Las Vegas Project MorningStar at The Canyons represents the project partners’ continued geographic expansion and […]
The market for active adult rental communities has gotten red-hot in recent years, but this type of senior housing product is still in its early stages. Two developers that have already made a name for themselves are Treplus Communities and Sparrow Partners, and their approaches to active adult development have led to growing portfolios and […]
