Post-Acute & Senior Living: Cincinnati company plans $52 million expansion at its senior living community
MONTGOMERY, Ohio – Cincinnati-area senior living provider Life Enriching Communities (LEC) announced a $52 million expansion at its Twin Lakes Senior Living Community in Montgomery, just outside of Cincinnati, that will add more independent living residents, as well as “much needed” memory care services.
Post-Acute & Senior Living: Florida complex starts final phase
West Palm Beach campus to get a 10-story, $77.6 million independent residence By Erin E. Porter MorseLife Health System recently broke ground on the final phase of its 37-acre senior community campus in its hometown of West Palm Beach, Fla.
Post-Acute & Senior Living: Northbridge Cos. to kick off $65 million, 215-unit expansion in Portland, Maine
PORTLAND, Maine – Northbridge Cos. and its real estate partner, Portland, Maine-based Sandy River Co., announced the recent groundbreakings at three new communities in the Maine cities of Brunswick, Wells and Westbrook.
Post-Acute & Senior Living: O’Reilly Development plans two Missouri senior projects totaling more than $54M
ST. CHARLES and NIXA, Mo. – Springfield, Mo.-based O’Reilly Development Co. is planning two new senior living communities in Missouri with a combined development cost of more than $54 million.
Post-Acute & Senior Living: Two senior housing executives charged with fraud in separate cases
WASHINGTON – Federal authorities recently charged two separate senior housing executives with fraudulent activity in separate cases.
Post-Acute & Senior Living: Mainstreet completes new post-acute facilities in Indiana and Kansas
DYER, Ind., and OVERLAND PARK, Kan. – Carmel, Ind.-based Mainstreet recently completed new projects in Dyer and Overland Park with a combined value of more than $40 million.
Post-Acute & Senior Living: The Buckingham CCRC in Houston embarks on $72M, 183-unit residence expansion
HOUSTON – Senior Quality Lifestyles Corp. (SQLC) recently announced plans for a $72 million, 183-residence expansion at The Buckingham, a continuing care retirement community (CCRC) at its Memorial-area campus in Houston.
Post-Acute & Senior Living: Cushman & Wakefield arranges $53.4M in financing for two Boston-area projects
GREATER BOSTON – Cushman & Wakefield Senior Housing announced it has arranged $53.4 million in construction financing and joint venture equity for two senior living developments with LCB Senior Living in Greater Boston.
Post-Acute & Senior Living: Welltower, Revera acquire Canadian communities in 75/25 percent joint venture
MISSISSAUGA, Ontario – Toledo, Ohio-based Welltower Inc. (NYSE: HCN) and Toronto-based Revera Inc., a privately owned company, recently completed the $764 million (Canadian), or $581 million (U.S.), acquisition of Mississauga, Ontario-based Regal Lifestyle Communities Inc. and its portfolio of properties.
Post-Acute & Senior Living: More Post-Acute & Senior Living News
Evans Senior Investments reports that an undisclosed non-traded real estate trust (REIT) recently acquired The Shores of Lake Phalen, a 105-unit independent living, assisted living, and memory care community located in Maplewood, Minn. The Chicago-based investment banking firm says the REIT was the winner of a competitive bidding process, paying a price of $30 million, […]
Post-Acute & Senior Living: Developer plans $250M CCRC as part of mixed-use plan in San Luis Obispo, Calif.
SAN LUIS OBISPO, Calif. – San Luis Obispo-based general contracting firm John Madonna Construction Co. is proposing a $250 million, 342-unit CCRC in the area.
Post-Acute & Senior Living: More Post-Acute & Senior Living News
ARCO Construction Co. Inc. broke ground Aug. 20 for Oak Pointe of Carthage, a new $7.4 million, 37,000 square foot senior living community at 300 W. Airport Road in Carthage, Mo. The project, which is set to be completed in May 2016, is being developed for ClearPath Senior Holdings, a developer of private-pay senior living […]
Post-Acute & Senior Living: Seniority Inc., Zenith Capital plan to develop $23.5 million, community near Seattle
COVINGTON, Wash. – Seniority Inc. and Zenith Capital announced plans Sept. 3 to develop a $23.5 million, 98-unit assisted living and memory care community on about 3 acres at 17006 S.E. Wax Road in Covington, about 30 miles southeast of Seattle.
Post-Acute & Senior Living: Immanuel Lutheran plans expanded and new senior projects in Kalispell, Mont.
KALISPELL, Mont. – Immanuel Lutheran Communities plans to expand and redevelop an existing senior living community and to develop a new one, both in Kalispell, a northwestern Montana community of about 21,000.
Post-Acute & Senior Living: Ryan Companies completes Illinois project and plans to start another in Indiana
LISLE, Ill., and SCHERERVILLE, Ind. – Ryan Companies US Inc. recently completed on senior living community in suburban Chicago and announced plans for another in northwest Indiana.