This story is part of your SHN+ subscription Senior living nonprofit Transforming Age is preparing to kickstart new growth via development. Although the math remains unfavorable for development, “something has got to give.” That’s according to Katie Pelczar, who joined the organization weeks ago as chief investment officer. Pelczar brought to her role more than […]
This story is part of your SHN+ subscription Demand is rising. Occupancy and margins are improving. Operations are evolving. And yet, stalled development is casting a shadow on the senior living sector. More than 3,100 operators, owners, investors and other stakeholders recently gathered in Austin, Texas, for this year’s NIC Fall Conference. Last year, the […]
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Editor’s note: These and other projects will be featured in WTWH Healthcare’s inaugural Prism Awards, honoring individuals and organizations that have demonstrated exemplary achievements in the areas of Diversity, Equity, Inclusion & Belonging (DEIB); Environmental Sustainability; and Social Stewardship. All entries for the Prism Awards must be submitted by November 30, 2024. “Going green” isn’t […]
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 FK Architecture designs new affordable independent living community FK Architecture recently announced the grand opening […]
Transactions Grandbridge Real Estate Capital facilitates sale of communities Grandbridge Real Estate Capital’s senior housing investment sales team announced the sale of three senior housing communities in Florida on behalf of a national real estate investment trust (REIT). The communities were sold in June and August in separate transactions. Two of the properties were sold […]
The need for more size and sophistication in the age of Covid. A senior living M&A market that is tilting toward buyers. The end of “extend and pretend.” These are just some of the forces pushing more senior living operators to consider joining forces in 2022 through mergers or acquisitions. But when I spoke with […]
With the creation of a new affordable housing arm and a handful of other notable developments in 2022, it has been a big year for Transforming Age. But the senior living nonprofit is not done evolving. Earlier this month, the organization added 10 new locations formerly managed by Essex Corp. and announced it’s opening a […]
Senior living nonprofit Transforming Age is opening a second headquarters and taking on 10 new communities in six states as part of the organization’s latest growth push. The 10 communities are located in Illinois, Colorado, Nebraska, Kansas, Iowa and South Dakota, with one of the communities under construction. The communities span about 1,000 units, and […]
Senior living nonprofit Transforming Age has unveiled a new affordable housing arm and brand called “Circ.” The newly created brand — which Bellevue, Washington-based Transforming Age formats as CIRC — is an amalgam of Sustainable Housing for Ageless Generations (SHAG), which affiliated with Transforming Age in 2021; and two other Transforming Age-affiliated entities: Community Life […]
