Thrive expands Texas footprint Thrive Senior Living will be opening a new community in Tarrant County, Texas next year. According to a press release, the Encore at Heritage-Glen will feature 50 assisted living suites and 25 suites in a memory care neighborhood. The community is being completed in collaboration with Orison Holdings. Ziegler advises Confluent […]
Management Legend Senior Living grows portfolio to 60 Legend Senior Living announced it has assumed management of Crescent Fields at Huntingdon Valley, bringing its total up to 60. According to a press release, Legend has now added 12 communities over the last 12 months. The transition took place on Aug. 20. Thrive expands Texas footprint […]
In the Pipeline is part of your SHN+ subscription In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Stellar Senior Living set to begin construction in Idaho Stellar Senior Living is continuing its […]
In the Pipeline is part of your SHN+ subscription In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: In Progress Affordable Senior Living Community Under Construction in Philadelphia Good Shepherd, an affordable senior living […]
Financings CBRE refinances for joint venture CBRE National Senior Housing announced it arranged a refinancing for Outlook Gwinnett on behalf of a joint venture between Capitol Seniors Housing and Bain Capital Real Estate. According to a press release, the loan originated from a debt fund and allows the community to “complete lease-up in a dynamic […]
This article is part of your SHN+ subscription For years, I have assumed that relatively few senior living operators had ambitions to grow their holdings beyond the U.S. and Canada. In 2024, I no longer hold that assumption. On Tuesday, I caught wind of Thrive Senior Living’s plans to grow a new joint venture independent […]
Thrive Senior Living is expanding its holdings overseas by launching a new management platform in South Korea with the largest multifamily operator in the country. On Tuesday, Atlanta-based Thrive announced the formation of Thrive-GHP, a joint venture company that is aimed at serving older adults in the growing South Korean senior living sector. In the […]
This article is part of your SHN+ subscription In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned New affordable project announced in Massachusetts for 2Life Communities 2Life Communities announced an affordable senior living […]
Thrive Senior Living recently announced 100% occupancy at a handful of communities as margins trend positively and new growth through development is on the horizon. Looking ahead, President Sebby Kannukkaden said the company would continue to grow through acquisition and development as its “core focus.” Thrive has also been in contact regarding third-party management opportunities […]
The senior living consumer base is evolving, and the historically sluggish pace of senior living innovation must speed up to meet new expectations and desires. Luxury is being redefined, palates are becoming more discerning, and coveted younger residents are more sophisticated about what “wellness” means and how their living environment is involved. These were among […]
