American Realty Capital has completed the acquisition of a Class A senior housing community in Katy, Texas, purchased for $71.25 million from Formation Development Group, LLC and affiliates of The Carlyle Group. HFF marketed The Solana at Cinco Ranch, a 184-unit independent living, assisted living, and memory care community, on behalf of the sellers. The […]
The Arbor Company
Construction: Planned Commonwealth Assisted Living Plans Memory Care Expansion Commonwealth Assisted Living, a Virginia-based provider of senior living communities, is planning to expand one of its communities located in Front Royal, VA, to include the company’s signature memory care program. Commonwealth is investing more than $1.5 million to add its signature, resident-centered “Sweet Memories” memory care […]
Washington, D.C.-based Capitol Seniors Housing recently acquired two senior housing properties in separate transactions for a total of $32.65 million. The company closed the acquisition of an age-restricted senior community in Herndon, Va. from seller and original developer Sugarland Hill, LLC on Oct. 31. The 80-unit community was purchased for $15.65 million, or $195,000 a unit, […]
Construction: Planned Mainstreet Property Group Plans 100-Bed “Health Care Resort” Mainstreet Property Group plans to build a new 100-bed “health care resort” on seven acres in Indianapolis, Indiana Business Journal reports. The $9.25 million community located at 5404 Georgetown Road, will encompass 65,000-square-feet and will also feature an Internet cafe, movie theaters and restaurant-style dining. […]
Construction: Planned Developer Plans to Revamp Former Assisted Living Building Cacace Associates has plans to revamp a former assisted living building into an independent living community for seniors in Bristol, Pennsylvania, phillyBurbs reports. The former Mill Run building on Wilson Avenue was purchased by the Bristol government for $135,000 from its previous Virginia-based owner in […]
The senior housing market may not exactly have a “Black Friday,” but historically, it sees a huge surge of interest from potential residents and their families around the holiday season. Some senior housing lead providers report spikes as high as 50% greater interest in the weeks following Christmas versus the weeks leading up to the […]
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