Construction: Planned CareTrust REIT Completes $7.5 Million Investment to Build Upscale Colorado Community CareTrust REIT, Inc. (NASDAQ: CTRE) announced today that is has completed a $7.5 million preferred equity investment with Signature Senior Living and Vancouver, Washington-based Milestone Retirement Communities. The investment will be used to develop Signature Senior Living at Arvada, a planned 134-unit […]
Spectrum Retirement Communities
Construction: Planned Big Rock Partners Closes Land Purchase for $60 Million Fla. Project Company: Big Rock Partners Type: New Construction Location: Celebration, FL Funding: 60 million #of Beds: 225 Construction start date: First Quarter 2015 Los Angeles, Calif.-based real estate investment management and development firm Big Rock Partners has closed on a nine-acre land purchase […]
Senior Living Restaurant Company Adds New Position Premier Restaurant Equipment, responsible for designing and equipping numerous senior living communities, among other facilities, has added industry veteran Ross Cohen as director of institutional foodservice. In this new role, Cohen will focus on the continuing development of Premier’s senior living practice on a broader national scope. Premier […]
Construction: Planned Starling Senior Living to Break Ground on Third Fla. Project Jacksonville, Fla.-based Starling Senior Living is gearing up to break ground on its third senior living community in the state come January, the company told SHN in an email. In July, the company successfully rezoned a five-acre parcel located on Amelia Island, Fla., […]
Construction: Planned Presbyterian Senior Living Awarded Funds to Build Penn. Senior Apartments Presbyterian Senior Living (PSL) this week announced it has been notified that the Pennsylvania Housing Finance Agency (PHFA) has awarded funding to them to build a 50-unit apartment building for low- to moderate-income people age 62 and older. Construction on the Westminster Place […]
Long heralded as The Gateway to the West, St. Louis in recent years has primed itself for a senior housing land rush as developers pour into the state looking to capitalize on changes to the Missouri’s Certificate of Need (CON) laws. Developers are investing millions into projects currently in the works for the St. Louis […]
Construction: Planned California City Council OK’s $62.8M Senior Living Redevelopment The City Council of Pleasanton, California, recently approved a $62.8 million redevelopment project for a senior living community that will begin construction next year, reports Pleasanton Weekly. California-based developer MidPen will tackle the redevelopment project, which will replace two senior apartments and give residents the […]
Construction: Planned Spectrum Affiliate Plans $16.6 Million Assisted Living Community in St. Louis S-K Dougherty Ferry LLC, an affiliate of Denver-based Spectrum Retirement Communities, is planning to build a $16.6 million senior living community in St. Louis County, reports St. Louis Business Journal. The four-story community will include 100 beds, 24 of which will be […]
Construction: Planned $10 Million Assisted Living Community Planned for Jackson, Michigan Lloyd Ganton Retirement Centers, a Michigan-based senior living provider, will invest at least $10 million into a new living center that will house about 190 seniors in Jackson, MI, reports MLive. Project plans call for independent and assisted living units, as well as a […]
Construction: Planned Developer Dives into Senior Living Market with $15 Million Project Kansas City, Missouri-based development firm Lane 4 Property Group is entering the senior living business, partnering with Tetrad Property Group of Omaha, Nebraska, to develop a $15 million independent living project, Kansas City Business Journal reports. The 101-unit independent living facility will be […]
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