Post-Acute & Senior Living: Methodist Retirement to break ground for $74 million Houston area community
LEAGUE CITY, Texas – Methodist Retirement Communities, a not-for-profit service ministry which operates affordable housing and senior living communities in several Texas cities, announced that it is breaking ground on The Crossings senior community in League City. The $74 million community, which will be built on 18.8 acres near FM 270 (Egret Bay) and FM […]
Post-Acute & Senior Living: Brooks Rehab continues skilled nursing construction spree in Jacksonville, Fla.
JACKSONVILLE, Fla. – Jacksonville-based Brooks Rehabilitation announced that it is continuing its “aggressive” program of building SNFs in the Jacksonville area. It will develop a $13.6 million, 80,000 square foot facility across from its main hospital at University Crossing.
Post-Acute & Senior Living: TriHealth to consolidate rehab services and staff into new Cincinnati hospital
CINCINNATI – TriHealth, one of the largest integrated health systems in Greater Cincinnati, announced that it will be working with joint venture (JV) partner Pennsylvania-based Select Medical, a provider of specialized acute and post-acute care, to develop a $17 million building that will house a new TriHealth Rehabilitation Hospital. TriHealth will occupy 60,000 square feet […]
Post-Acute & Senior Living: Nebraska housing developer and contractor to build senior rental complex in Ohio
HILLIARD, Ohio – Lincoln, Neb.-based sister companies Resort Lifestyles Communities Inc. and Cameron General Contractors Inc. are developing a $27.3 million, 174,500 square foot independent living apartment complex at 4160 Trueman Blvd. in Hilliard, about 12 miles northwest of Columbus, Ohio. This is the first time the Nebraska companies, which build, own and manage independent […]
Post-Acute & Senior Living: Presbyterian Homes to develop senior community and clinic in Hudson
HUDSON, Wis. – Presbyterian Homes & Services, a Roseville, Minn.-based non-profit, faith-based housing developer, announced that it will develop a 160-unit senior housing and assisted living community and a clinic adjacent to the Hudson Hospital campus near Interstate 94 in Hudson. The cost for the project is estimated at $40 million to $42 million. Presbyterian, […]
Post-Acute & Senior Living: RBS Citizens Financial leads $97 million financing for Fellowship Senior Living
BASKING RIDGE, N.J. – RBS Citizens Financial Group, one of the 15 largest commercial banking companies in the country, has been selected to lead a $97 million financing for Fellowship Senior Living in Basking Ridge. The transaction will enable the CCRC to expand and renovate its facility as well as refinance its existing bonds to […]
Post-Acute & Senior Living: More Senior Living News
Virginia-based senior housing developer Smith/Packett Med-Com LLC is planning to build a 102-unit, 90,000 square foot assisted living community on the corner of Victory Boulevard and Hampton Highway in Tabb, Va. This would be the first assisted living community in the county. The community will feature activity rooms, a commercial kitchen, dining room, a pub […]
Post-Acute & Senior Living: Balfour breaks ground for $74 million senior living community in Denver
DENVER – Louisville, Colo.-based Balfour Senior Living announced that it has broken ground on the $74 million, 275,000 square foot Balfour at Riverfront Park at 15th and Little Raven streets in downtown Denver. The independent living, assisting living and memory care community will be adjacent to the historic Moffat Train Depot, which will be incorporated […]
Post-Acute & Senior Living: Buckner goes big in North Dallas
$108 million, two-building, 12-story, 314-unit Ventana project to open by 2018 By Connie M. McCaffrey The Buckner Retirement Services unit of Buckner International, a global faith-based ministry that serves vulnerable children, senior adults and families, announced plans March 28 for Ventana by Buckner, a 314-apartment senior living community in North Dallas. Financial details were not […]
Post-Acute & Senior Living: The LaSalle Group breaks ground for two Texas senior living communities
GEORGETOWN and AUSTIN, Texas – Irving, Texas-based The LaSalle Group, which designs, develops and builds Autumn Leaves senior communities, recently broke ground for new communities in Georgetown and Austin. In Georgetown, The LaSalle group broke ground for Autumn Leaves of Georgetown at 3600 Williams Drive. The 26,000 square foot, $10.3 million community will provide expert […]
Post-Acute & Senior Living: National Health Investors pumps $42 million into Prestige senior facilities
MURFREESBORO, Tenn. – National Health Investors Inc. (NYSE: NHI), a healthcare REIT, announced a $42 million sale-leaseback arrangement with Vancouver, Wash.-based Prestige Senior Living, which operates senior communities throughout the western United States.
Post-Acute & Senior Living: Senior living community, new homes planned for Centerville, Ohio
CENTERVILLE, Ohio – A new senior living community will be built on a 65-acre tract of land along Social Row Road between Sheehan and Paragon roads in Centerville. Sixty-five to 75 single-family homes also will be built on the land for a total project cost of $60 million. The main senior living complex, which will […]
Post-Acute & Senior Living: Senior housing posted occupancy gains during first quarter, NIC says
ANNAPOLIS, Md. – The average occupancy rate for senior housing facilities in the first quarter (Q1) of 2014 was 89.8 percent, an increase of 0.1 percentage points from the previous quarter and a 0.8 percentage point increase over last year. That’s according to the National Investment Center for the Seniors Housing & Care Industry (NIC), […]
Post-Acute & Senior Living: NorthStar to acquire $1.05B healthcare portfolio from Formation Capital, Safanad
NEW YORK – NorthStar Realty Finance Corp. (NYSE: NRF) announced March 17 that it has agreed to acquire a $1.05 billion healthcare real estate (HRE) portfolio from investment partnerships owned and managed by Formation Capital LLC or its affiliates and Safanad Ltd. The portfolio includes 43 primarily private-pay senior housing facilities and 37 skilled nursing […]
Post-Acute & Senior Living: AEW makes $104 million acquisition of three Balfour senior communities
LOUISVILLE, Colo. – AEW Capital Management LP, which provides real estate investment management services to investors worldwide, announced last month that it has acquired a portfolio of three Class A senior living communities totaling 296 units from Balfour Senior Living in Louisville about 21 miles north of Denver. The transaction is valued at $104 million, […]