Surpass Senior Living Founder: We’re Offering Marriott Buildings at Hampton Inn Prices

Through years of developing senior housing properties, Matt Johnson grew frustrated with third-party management companies that were like the “JV squad” of operators. So, in 2015, he co-founded an operating company of his own, Surpass Senior Living. Surpass came out of the gate with five communities in the Phoenix metro area, which opened in quick […]

Transactions & Financings: $1 Billion REIT IPO, LTC Sells Portfolio to NHI

Strategic Student & Senior Housing Trust’s IPO Declared Effective by the SEC Maryland-based Strategic Student & Senior Housing Trust, Inc., a public non-traded real estate investment trust (REIT) sponsored by SmartStop Asset Management, LLC, announced that its registration statement pertaining to an initial public offering of about $1.1 billion in shares of common stock was […]

In the Pipeline: Sinai Residences’ $125 Million Expansion, Watercrest Starts Work in Georgia

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 Florida Life Plan Community Plots $125 Million Expansion A 366-unit not-for-profit life plan community […]

In the Pipeline: Senior Housing Construction Projects (6/1/17)

(Rendering of Windsor at Celebration — photo courtesy of Life Care Services) Construction: Planned Lifespace Communities Plans $39 Million Expansion Near Pittsburgh Lifespace Communities plans to break ground soon on a major renovation project at its Friendship Village of South Hills comunity in Upper St. Clair, Pennsylvania, which is near Pittsburgh. The $39.5 million project will […]

Editor’s Picks: Miscalculating Senior Housing Demand

This week, some of our senior housing friends at Juniper Communities made their way to Burning Man. Cue the FOMO (fear of missing out). Check out the hashtag #aginginsurrectionbman on Twitter to follow along with their journey in the Nevada desert. While we are reeling with envy here in the newsroom, we were sure to […]

New Operator Gains Traction Through Phoenix Development Projects

A Dallas, Texas-based developer has announced plans for five senior living projects in a single metro area, bucking oversupply concerns and bringing a recently founded operator into the mix. Specifically, McFarlin Group LLC revealed five assisted living and memory care community developments in the greater Phoenix area for $80 million, with Surpass Senior Living slated to […]

In the Pipeline: Senior Housing Construction Projects (7/2/15)

Construction: Planned St. Louis Community Plans $14.6 million Renovation and Construction Projects Nazareth Living Center, a 140-bed skilled nursing facility and 150-bed assisted living community in St. Louis, is planning a renovation and the construction of an assisted living facility—a project that will cost $14.6 million, reports St. Louis Business Journal. While Nazareth already provides […]