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 […]
Sunrise Senior Living
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 […]
*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 […]
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 […]
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 […]
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 […]
With turnaround deals being harder to come by in senior living, Capitol Seniors Housing (CSH) is putting over $406 million toward new development and is starting to see the first of its communities open up. Based in Washington, D.C., CSH is a private equity-backed real estate acquisition, development and investment management firm founded in 2003. […]
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 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 […]
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 […]