McFarlin Group is launching a $100 million fund to acquire senior housing assets at risk of becoming distressed in part by the coronavirus pandemic. While many senior housing lenders and investors are retreating to the sidelines during the environment of peak volatility caused by the outbreak, the Dallas-based fully integrated senior housing firm is among […]
Surpass Senior Living
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 […]
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 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 […]
(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 […]
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 […]
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 […]
(Rendering of Windsor Run, located in Matthews, N.C. — Photo courtesy of Erickson Living) Construction: Planned Senior Housing Community Planned, Minn. A new senior housing community is planned on 5.8 acres of land in North Napa, Minn. The Napa Senior Housing development will be 195,000 square feet and stand three stories tall. There will be […]
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 […]
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