Developers in the active adult space believe that the coronavirus pandemic is proving out their market selection and development strategies, as well as accelerating previous senior living trends that will bode well for future demand. Notably, migration patterns in recent years are seeing greater demand for active adult in secondary and suburban markets across the […]
The Engel Burman Group
The Engel Burman Group has developed a successful portfolio of senior housing on Long Island since the company entered the space in 1997. Now it wants to bring its version of the continuing care retirement community (CCRC) to new markets, and is testing out potential future treatments for dementia in its existing communities. “We haven’t […]
Construction: Planned Avanti Senior Living Plans Louisiana Market Expansion Texas-based assisted living and memory care provider Avanti Senior Living is planning to expand into the Louisiana market, beginning with Baton Rouge and Covington. The cities will soon be home to Avanti’s next projects, 77,000-square-foot communities that will accommodate 50 assisted living and 40 memory care […]
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 […]
Construction: Planned $30 Million Senior Living Community Coming to San Antonio Dallas-based three: living architecture is designing a $30 million senior living community for San Antonio residents living in the Alamo Heights neighborhood. The project, dubbed Franklin Park, will feature 115 independent living units, 62 assisted living units and 40 memory care units within 315,000-square-feet. […]
Chicago-based private equity firm Harrison Street Real Estate Capital, LLC and development company The Engel Burman Group have agreed to purchase five senior living communities for $290 million from a Canadian-Australian joint venture partnership. Canadian REIT Chartwell Seniors Housing (TSX:CHS.UN) and ING Real Estate Australia Pty are selling the five-property Bristal-branded portfolio, all located in New […]