Construction: In progress Watercrest Breaks Ground on South Carolina Community Watercrest Senior Living Group and its equity partners, Peninsula U.S. Real Estate and Corecam Capital Partners, have broken ground on a new community in Myrtle Beach, South Carolina. The community, Watercrest Myrtle Beach, has 98 units, with amenities such as a promenade, fireplace, water wall, […]
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One of the nation’s largest commercial real estate and finance companies is entering the senior housing space, with help from one of the industry’s fastest-growing operators. Inland Private Capital Corporation (IPC), the investment arm of Oak Brook, Illinois-based Inland Real Estate Group of Companies, on Wednesday announced the launch of a new investment platform focused […]
Spectrum Retirement Communities, a Denver-based senior housing developer, owner and operator, is adding an extra 1,000 units to its portfolio by 2021 via a fund it is currently marketing to investors. Spectrum Development Opportunity III has a minimum investment of $2 million, and Spectrum has already raised $60.5 million with a target of $100 million, […]
Apollo Global Management Targeting $1 Billion Fund Apollo Global Management is reaching out to investors about its third real estate fund, according to Bloomberg. And it is shaping up to be a big one. Apollo, which recently completed a $264 million acquisition of 17 senior housing communities from HCP, wants to raise at least $1 […]
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 Planned Spectrum Community to Move Forward in Illinois The Village of Algonquin Trustees has […]
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: In progress Kendal Breaks Ground on Expansions for Virginia CCRC The Kendal Company recently celebrated […]
If all goes according to plan, Spectrum Retirement Communities will soon be operating more than 50 senior living communities across the nation. The Denver-based company currently has 37 communities spread across major metro areas in 13 states, but plans to open many more by 2019. The company currently has 16 communities in the works, with […]
SHN’s Movers & Shakers Column is sponsored by the SHN Job Board. To look for a new job for yourself or a friend, visit https://jobs.seniorhousingnews.com. If you’re an employer, post your senior living jobs with us and attract the industry’s best-read professionals today. Have hiring/staffing announcements? Send them to editor@seniorhousingnews.com Springpoint Senior Living Promotes Woodward […]
Though it’s just his second week on the job, MorningStar Senior Living’s new COO, Jim Parker, is already thinking about the next decade of growth and development. MorningStar currently is in expansion mode, and Parker is focused on keeping the company’s culture and mission strong while adding scale. Parker, who last served as senior vice […]