Welltower Taps New Exec, Adds Investor in NYC Project

Welltower Inc. (NYSE: HCN) ended 2017 with a few new additions. Specifically, the Toledo, Ohio-based real estate investment trust (REIT) announced on Wednesday a new addition to its executive team, as well as a new investor in its planned midtown Manhattan senior living development. Mark Shaver is set to join Welltower as the REIT’s senior […]

In the Pipeline: Senior Housing Construction Projects (11/16/17)

Construction: Announced Dominion to Renovate Former Rehab Center in Kentucky Dominion Senior Living is poised to start work on a 42,000-square-foot, $5 million faith-based assisted living and memory care community in Louisville, Kentucky. Dominion recently purchased the former Glenview Healthcare and Rehabilitation Center with plans to renovate the inside of the one-story building to include 41 […]

[Updated] The Top 10 Largest Senior Living Providers of 2017

*Editor’s Note: This story has been corrected from a previous version, which inaccurately stated there was a significant decrease in total units among the largest providers. This was based on a mistaken analysis of the data, confusing resident capacity with unit count. Argentum’s 2016 rankings were based on resident capacity, and this year the rankings […]

Lack of Humility Could Hold Back Senior Housing Providers

Senior housing operators might have a humility problem. Namely, they pride themselves on managing nearly all aspects of a community in-house, when a partner might do a better job in certain areas, said Robert G. Kramer, founder and now strategic advisor at the National Investment Center for Seniors Housing & Care (NIC). More providers have realized the […]

In the Pipeline: Senior Housing Construction Projects (11/2/17)

Construction: Planned Senior Living Community Planned in South Carolina Cardinal Ventures is developing an 88,000-square-foot assisted living and memory care community within the Baxter Village master-planned community in Fort Mill, South Carolina, according to a press release. The forthcoming community, The Blake at Baxter Village, will have 68 assisted living units, 33 memory care units, and […]

Watermark, KAREA to Create Senior Housing Highrise in Brooklyn

Private equity investor Kayne Anderson Real Estate Advisors (KAREA) is partnering with Watermark Retirement Communities to bring more upscale senior housing to New York City. KAREA has acquired a historic 16-story building (pictured above) in Brooklyn Heights formerly owned by the Jehovah’s Witnesses, which it will redevelop into private-pay senior living and place under the […]

In the Pipeline: Senior Housing Construction Projects (10/12/17)

Construction: Planned Pathway to Manage Wisconsin Community Caddis has begun developing its first senior living community in Wisconsin, and Pathway Senior Living is slated to manage it, according to a press release. The community, Heartis Village North Shore, will have 105 assisted living and memory care apartments. Residents will have access to amenities such as garden […]

Sunrise Slashes Turnover Using Predictive Analytics in Hiring

Sunrise Senior Living has been testing predictive analytics to make smarter hiring decisions, greatly improving retention among participating new workers. The McLean, Virginia-based operator now plans to roll out the system on a larger scale next year. Sunrise is the fourth-largest senior housing provider in the nation, with 27,125 units, according to a recent ranking […]

In the Pipeline: Senior Housing Construction Projects (8/10/17)

Construction: Planned Lifespace Communities Location Near Chicago Plots Big Redevelopment Oak Trace, a Lifespace community in Downers Grove, Illinois, has announced plans for a $150 million redevelopment and expansion project, according to a press release. The first phase of the redevelopment will include a new health center with 66 assisted living apartments, 28 memory support […]