Transactions & Financings: Columbia Pacific’s $177M Canadian Portfolio Sale; New Senior’s $270M Refinancing

Columbia Pacific sells Canadian portfolio for $177M Columbia Pacific Advisors is selling a six-property Canadian senior housing portfolio to Singapore Press Holdings for $176.6 million (C$232.9 million). The properties total 717 units and include: Heritage Meadows Gracious Retirement Living, an independent living community in Cambridge, Ontario The Bradley Gracious Retirement Living, an independent living community […]

Investor Group Makes $625,000-Per-Unit NYC Senior Housing Play

Another high-profile senior housing project is coming to Manhattan, through the nearly $150 million acquisition of a 15-story building on the Upper West Side. The art deco building has 239 units, meaning that the purchase price equates to more than $625,000 per unit. Despite this eye-popping sum, the incoming owners describe the building—which has a […]

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

(Rendering of The Blake at Edgewater located in Indian Land, S.C. — photo courtesy of The Blake) Construction: Planned Thrive Senior Living Announces New Community in Florida In partnership with Fortress Ventures and Compass Real Estate, Thrive Senior Living has announced the development a new senior living community in Naples, Fla., Thrive at Naples. The […]

Movers & Shakers: The Goodman Group’s New COO

The Goodman Group Appoints New COO Minnesota-based senior living developer and manager The Goodman Group appointed Craig Edinger as its chief operating officer. In his new role, Edinger will be responsible for The Goodman Group’s operational and business functions of its 70 senior living and health care, residential and commercial properties. Edinger has worked with […]

In the Pipeline: Senior Housing Construction Projects (4/16/15)

Construction: Planned CA Ventures Planning Assisted Living Project in Kansas City Area Chicago-based real estate investment, development and management firm CA Ventures gained approval from the Overland Park Planning Commission this week for a special-use permit and final development plan for a 116-bed assisted living facility it plans to build within a $350 million mixed-use […]

Movers & Shakers — People and Positions for August, Part II

Ohio-Based Otterbein Names New Executive Director at Cincinnati Area CCRC Otterbein Senior Lifestyle Choices has named Bill Wexler as the new executive director at its continuing care retirement community (CCRC) in Lebanon, Ohio, part of the Cincinnati metro area.  Wexler had been chief operating officer since last year at Ohio-based Deaconess Long Term Care, which owns […]

In the Pipeline: Senior Housing Construction Projects (5/22/14)

Construction: Planned Two Senior Living Communities OK’d for Burleson, TX Proposals for two different senior living communities were approved this week for Burleson, Texas, reports Burleson Star. Mariposa Apartment Homes is the first of the two projects. The proposal calls for four three-story buildings with 180 units, a dog park, pavilion, walking course, gaming and […]

In the Pipeline: Senior Housing Construction Projects (10/31/13)

Construction: Planned Developers Propose St. Louis-Area $20 Million Assisted Living Project The Grove Assisted Living, LLC, and Long Road Acquisition, LLC, are proposing a $20 million assisted living and memory care project for the Sunset Hills area located just outside of St. Louis, Missouri, reports St. Louis Business Journal. The project, dubbed The Grove in […]

In the Pipeline: Senior Housing Construction Projects (7/24/13)

Construction: Planned Florida Developers Unveil Plans for Wisconsin Senior Living Complex Harbor Retirement Associates appeared before the Shorewood Plan Commission last week to share their plans for a 96-unit senior living complex, reports the local Patch. The plan calls for a 4-story building containing 60 residential care units, as well as a one-story building featuring […]