Development activity for memory care is far outpacing that of other senior living sectors, but oversupply isn’t a concern considering the concentration of projects in a few hot markets and staggering upcoming demand. The numbers are eye-opening: More than 5 million Americans aged 65 and older are currently living with Alzheimer’s disease, a number expected to […]
The LaSalle Group
Senior housing developers may still encounter difficulty obtaining financing for ground-up projects despite reports of the increasing availability of capital, and future growth plans play a crucial role in what kind of capital they pursue. Just because real estate investment trusts (REITs) enjoy a low cost of capital doesn’t mean they’re the best source of […]
Construction: Planned CNL Healthcare Trust to Invest $21.5 Million Ga. Senior Housing Development Senior housing and care REIT CNL Healthcare Trust will invest $21.5 million in the development of Dogwood Forest of Acworth, a senior housing community planned for Acworth, Ga. about 30 miles northwest of Atlanta. The community will be a three-story building with […]
With this fifth and final installment, Senior Housing News has presented an in-depth look at our list of Top Development Locations for 2013. Read the first installment on the Carolinas here; the second, on Florida, here, the third, on Georgia, here, and the fourth, on Arizona, here. Please note that SHN’s development list is not ranked in any particular […]
NewCourtland Plans $5.6 Million Senior Housing Conversion Project Nonprofit community services provider NewCourtland recently broke ground on a $5.6 million conversion project that will turn a vacant suit factory into a senior housing and care campus. The LIFE (Living Independently for Elders) center, in Philadelphia, Pa., will be located in a five-story former suit plant on […]
The LaSalle Group isn’t exactly the new kid on the block—it’s been around for a while and was involved in various types of real estate transactions until 13 years ago, when it saw the tremendous—and growing—need for memory care. Since then, it’s been in the business of establishing memory care communities under its Autumn Leaves […]
Construction: Planned The LaSalle Group to Build $11.2 Million Memory Care/ALF in Houston, Tex. Irving, Tex.-based The LaSalle Group announced last Friday its plans to build a 26,000-square-foot, $11.2 million memory care assisted living community in West Houston, Tex. The community will be called Autumn Leaves of West Houston and will be the eighth memory […]
Construction: Planned Developer to Turn Former Michigan School Into Senior Housing Facility A developer is planning on buying a former elementary school in Grand Rapids, Michigan for $510,000 and turning it into an assisted living facility, reports MLive.com. Officials from the city of Grand Rapids signed off on the property getting rezoned for conversion; plans include […]
The LaSalle Group to Develop $10 Million Memory Care Community in Georgia Assisted living developer The LaSalle Group announced plans recently to develop its first memory care community in the Northeast region of Atlanta, Ga. The nearly $10 million project will be under The LaSalle Group’s Autumn Leaves brand, which is managed, designed, and operated […]
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