Post-Acute & Senior Living: Welltower-Hines unveil NYC plans
JV paid $115 million to assemble site of planned 15-story senior and retail project By John B. Mugford Healthcare real estate investment trust (REIT) Welltower Inc. (NYSE: HCN) and real estate investment, development and management firm Hines recently unveiled plans for their previously announced proposed 15-story, 125,000 square foot retail and senior living building in […]
Post-Acute & Senior Living: La Posada plans 268-unit, $100 million senior living community near Tucson, Ariz.
TUCSON, Ariz. – Non-profit owner/operator La Posada is developing a 50,000 square foot, nearly $100 million senior living community called Nakoma Sky on 79 acres in Tucson.
Post-Acute & Senior Living: CA Ventures affiliate forms JV with Goldman Sachs to launch 14 senior housing communities
CHICAGO – CA Senior LLC (CAS), the senior housing firm of parent company Chicago-based CA Ventures, has formed a joint venture (JV) with an affiliate of Goldman Sachs & Co. to develop 14 senior housing communities across the country.
Post-Acute & Senior Living: Liberty Healthcare Group affiliate breaks ground on 398-unit community in North Carolina
MOUNT PLEASANT, S.C. – An affiliate of Liberty Healthcare Group recently broke ground on South Bay at Mount Pleasant, a 398-unit independent living, assisted living and memory care senior community on a 27-acre mixed-use site.
Post-Acute & Senior Living: HCP to spin off beleaguered ManorCare portfolio into independent, publicly traded REIT
IRVINE, Calif. – Just as this edition of Healthcare Real Estate Insights™ was going to press, we learned that HCP Inc. (NYSE: HCP) plans to spin off its portfolio of skilled nursing (SNF) and assisted living assets, largely leased by HCR ManorCare (HCRMC), into an independent, publicly-traded real estate investment trust (REIT).
Post-Acute & Senior Living: Kansas City firm continues growth
Tutera Senior Living to break ground on $65M project in Tiffany Springs, Mo. By John B. Mugford Kansas City, Mo.-based Tutera Senior Living & Health Care is about to add to its portfolio of 47 senior living communities that it operates, most of which are in the Midwest and Southeast.
Post-Acute & Senior Living: Affordable senior complex planned for Phoenix by Gardner Capital Development
PHOENIX – The Arizona office of Gardner Capital Development was recently awarded a reservation of Low Income Housing Tax Credits from the Arizona Department of Housing in order to move forward with its plans for an affordable seniors housing project in Phoenix.
Post-Acute & Senior Living: Another seniors project to break ground in booming Charleston, S.C., area
CHARLESTON, S.C. – With its charming and historic downtown and temperate winter weather, the Charleston area is seeing plenty of demand for a variety of senior housing projects. Among the dozen or so projects planned or underway in the area is one in Mount Pleasant, a suburb just across the Cooper River from the heart […]
Post-Acute & Senior Living: Sonata Senior Living plans $30 million senior community in Winter Garden, Fla.
WINTER GARDEN, Fla. – On a site across from its memory care community in Winter Garden, Sonata Senior Living, based in Orlando, Fla., has plans to build a 139,000 square foot, 113-unit independent living seniors community.
Post-Acute & Senior Living: Houston-based Cardinal Bay acquires eight-property senior portfolio for $210 million
TEXAS and OKLAHOMA – Cardinal Bay recently closed on the acquisition of an eight-property senior housing portfolio in Greater Houston and Oklahoma City.
Post-Acute & Senior Living: ‘It’s a time of profound change’
2016 NIC Spring Investment Forum spotlights shifting healthcare model By Murray W. Wolf The predominant theme was “change” as more than 1,500 post-acute and senior living professionals gathered March 9-11 in Dallas for the 2016 NIC Spring Investment Forum, presented by the National Investment Center for Seniors Housing & Care (NIC).
Post-Acute & Senior Living: Safanad and Formation Capital acquire South Carolina ALF portfolio for $128.6 million
NEW YORK – Dubai-based Global investment firm Safanad and its longtime partner, private investment firm Formation Capital, recently announced the acquisition of nine South Carolina assisted living facilities (ALFs) from Agape Senior for $128.6 million.
Post-Acute & Senior Living: Meta Housing Corp. breaks ground for $26 million, 60-unit senior community in Hayward, Calif.
HAYWARD, Calif. – Los Angeles-based Meta Housing Corp. recently broke ground for the $26 million, 60-unit Downtown Hayward Senior Apartments, reports The Registry, a local real estate publication.
Post-Acute & Senior Living: Kingswood CCRC in Kansas City, Mo., undergoing $34.7 million redesign and expansion
KANSAS CITY, Mo. – Officials of Kingswood Senior Living Community recently announced plans to break ground on a $34.7 million redesign and expansion of their CCRC in Kansas City.
Post-Acute & Senior Living: San Diego approves $150M CCRC
The Glen at Scripps Ranch addresses “top-priority” senior housing need By Erin E. Porter A $150 million, 53-acre continuing care retirement community (CCRC) unanimously approved by the San Diego City Council will address a top priority need to provide senior housing within the Scripps Miramar Ranch community, the developer say.