With a demographic boom ahead driving undeniable demand, the senior housing sector is attracting a slew of investors, an investment banking firm said during a webinar Thursday. There has been a shift among investors toward the real estate industry, specifically signaling a direct need of those trying to get into the senior housing space, said […]
The LaSalle Group
Construction: Planned Pathway Senior Living Proposes 120-Unit Supportive Living Facility Des Plaines, Illinois-based Pathway Senior Living is proposing to build a 120-unit senior living facility in Lake Zurich, a northwest suburb of Chicago, reports Lake Zurich Courier. Village trustees have agreed that the proposal to build a three-story supportive living facility on part of six […]
Construction: Planned Pacifica Senior Living to Convert Florida Hotel into Assisted Living Pacifica Senior Living will soon convert a Comfort Suites hotel in St. Augustine, Florida into a 125-unit assisted living community, reports The St. Augustine Record. Pacifica was granted a preliminary approval for the project back in December from the St. Johns County Growth Management […]
Construction: Planned Validus Senior Living to Break Ground on New Florida Assisted Living Project Tampa, Florida provider Validus Senior Living will team with a local developer to create a combined assisted living and memory care community that the company says will feature innovative programming and life-enhancing technology. Validus anticipates breaking ground on the new InspiredLiving […]
Construction: Planned Developer Dives into Senior Living Market with $15 Million Project Kansas City, Missouri-based development firm Lane 4 Property Group is entering the senior living business, partnering with Tetrad Property Group of Omaha, Nebraska, to develop a $15 million independent living project, Kansas City Business Journal reports. The 101-unit independent living facility will be […]
The LaSalle Group is making plans for senior housing through a new joint venture partnership that kicks off with the acquisition of a six-property portfolio this week. The six properties will be acquired through a $17 million equity placement secured by Irving, Texas-based The LaSalle Group through a private equity real estate firm in a […]
Construction: Planned Isakson Living $200M CCRC Delayed Again A $200 million senior living project from Isakson Living has been delayed again following the rescheduling of a zoning hearing by the Cobb Planning Commission of Cobb County Georgia, reports the local Patch. The delay, according to Patch, was due to the commission’s decision to appoint a […]
Construction: Planned Developers Plan Groundbreaking for $19 Million Renovation Project Plantation Village, a continuing care retirement community (CCRC) in Wilmington, North Carolina, plans to begin construction on a $19 million expansion and renovation project November 15. Expansion plans for the community, which is managed by Life Care Services, include a 27-unit apartment building, new dining […]
Construction: Planned Gensler to Design New CCRC in Los Angeles Architectural firm Gensler has been chosen to design a new Fountainview community in the Los Angeles area. Fountainview at Gonda Westside will be a continuing care retirement community (CCRC) providing residents access to the renowned health care services of the Los Angeles Jewish Home. As […]
Prudential Real Estate Investors Buys Senior Housing Community Prudential Real Estate Investors recently purchased a senior housing community in Alpharetta, Ga. in a transaction brokered by ARA Seniors Housing Group. Arbor Terrace at Crabapple is a 93-unit “Class A” assisted living and memory care community sold by AEW Capital Management on behalf of one of […]
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