A behemoth in the world of real estate investment has decided to get serious about the senior living space. AIG Global Real Estate (AIG) has entered into a joint venture with Atlanta-based senior living operator First & Main to integrate the development, ownership and operational components for a new brand of independent living, assisted living and […]
Thrive Senior Living
(Masonic Village at Lafayette Hill – Photo courtesy of Masonic Villages) Construction: Planned Immanuel Lutheran Communities Plans Senior Housing Community for Montana Not-for-profit organization Immanuel Lutheran Communities, in partnership with Mountain Plains Equity Group, have developed plans to build a new senior living apartment complex on 4.2 acres at 41 Meridian Court near downtown Kalispell in […]
Construction: Planned Zenith Capital, Village Concepts Plan $25 Million Project for Seattle Zenith Capital, a company that provides alternative financing for the senior housing industry such as EB-5 funding, is teaming up with Federal Way, Wash.-based Village Concepts to build a new 100-unit, $25 million assisted living and memory care facility in Seattle. The Linden […]
Construction: Planned Omega, Maplewood Senior Living to Co-Develop $246 Million NYC Community This week, Hunt Valley, Md.-based real estate investment trust (REIT) Omega Healthcare Investors (NYSE: OHI) and Westport, Conn.-based operator Maplewood Senior Living announced they will co-develop a $246 million luxury senior living community on Manhattan’s Upper East Side. The luxury senior living residence […]
Construction: Planned St. Louis Community Plans $14.6 million Renovation and Construction Projects Nazareth Living Center, a 140-bed skilled nursing facility and 150-bed assisted living community in St. Louis, is planning a renovation and the construction of an assisted living facility—a project that will cost $14.6 million, reports St. Louis Business Journal. While Nazareth already provides […]
(Chateau Waters Kitchen and Living Space – Photo Courtesy of Chateau Waters) Construction: Planned Northern Calif. Provider Closes Land Deal for 173-Unit Project Northern California Presbyterian Homes and Services (NCPHS) last week announced it has officially closed on an $11.2 million purchase of land in Walnut Creek, Calif. where it plans to build a continuing […]
(Legacy at Crystal Falls – Photo courtesy of Cadence McShane Construction Company) Construction: Planned Thrive Senior Living Plans Summer Groundbreaking for Ala. Community Atlanta-based Thrive Senior Living announced this week that it will break ground this summer on a new assisted living community in southeast Huntsville, Ala. The 93-unit Thrive at Jones Farm will feature luxuriously […]
Texas Senior Living Communities Acquired for $79 Million Evergreen Senior Living Properties, LLC and management affiliate ESLP Management, LLC, recently announced the acquisition of four senior living communities in Texas from Sears Methodist Retirement System in a $79 million transaction. The purchase includes The Craig in Amarillo, Meadow Lake in Tyler, The Parks in Odessa, […]
The founder of a successful senior living provider is serving as co-owner of a brand new operator that is setting its sights on a pipeline that will start with 21 new assisted living sites currently under development. First & Main, the new senior living operator, is in part the brainchild of Thrive Senior Living Founder and Principal Jeramy […]
With the ambition of being the most technologically advanced senior living community in Texas, one assisted living facility has taken tech adoption to the nines as it readies for its grand opening next month. From more commonplace technologies such as electronic medical records and nurse-call systems, to complimentary Android tablets and smart devices that remember […]
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