• Newmark Closes Class-A Deal in Denver

    A new seniors housing community traded in the Denver, Colorado MSA, with the help of the team at Newmark. Developed in 2017, MorningStar at RidgeGate is located in the suburb of Lone Tree within the Ridgegate master plan that features retail, cultural amenities and a 284-bed hospital nearby. The property comprises five stories over subterranean... Read More »
  • Public REIT Purchases Texas Class-A Seniors Housing

    Blueprint was engaged in the divestment of a Class-A seniors housing community in San Antonio, Texas. Built in two phases in 2011 and 2017, Franklin Park TPC Parkway comprises 269 independent living, assisted living and memory care units. Following the completion of a six-year freeway expansion project that affected leasing, access to the... Read More »
  • Eads Sells Its 24th & 25th Missouri Community

    Patrick Byrne of Eads Investment Brokerage facilitated the divestment of two seniors housing communities in Missouri. This marks the 24th and 25th communities sold in Missouri for Eads. The Moberly community (which we believe to be Mark Twain Assisted Living) comprises 35 assisted living/independent living units and sold for $2.57 million, or... Read More »
  • 60 Seconds with Swett: CMS Raises the Minimum Staffing Mandate

    On Monday, CMS came out with its final minimum staffing standards for nursing homes, but the eventual outcome is anything but final. Despite the outcry from nursing home providers from the previous proposed mandate of three hours per resident per day, asking simple questions like how can we pay for this and where will this newly needed staff come... Read More »
  • More Shareholder Activism

    Fresh from its success in getting two people voted onto the Ventas Board of Directors, Land & Buildings is at it again, this time with National Health Investors. Like all the REITs, NHI’s managers and tenants had their share of problems during the pandemic. Who didn’t? Most of these issues are behind it, but the REIT could be in even stronger... Read More »

Assisted living technology at its best

The opening of The Legacy at Falcon Point (scheduled for October 9) is notable for several reasons. First, it is part of an assisted living boom in Katy, Texas (a suburb of Houston). Second, it claims to be the most technologically advanced senior living community in the state. And third, it is only one piece of a large development pipeline from PinPoint Commercial, which is a developer of industrial, medical and senior housing properties across the southeast and Texas, and its operating partner, Thrive Senior Living, which operates senior living communities in Texas, Georgia and four other southern states. The 164-bed assisted living (120 beds) and memory care (44) community, which broke... Read More »

Fresno, California sees a boom in assisted living development

It’s unusual to see a metro area with a population of nearly a million increase its number of assisted living units by over 30%, in a year. Nevertheless, Fresno, California is looking to add 364 new assisted living units to the city’s existing 579 units, or a 63% increase, (according to NIC MAP) by 2015. A report from Central California Institute for Healthy Aging expects the senior population aged 65 and up to grow considerably in the next five to 10 years, as seniors wishing to retire in California may see Fresno as a less expensive option compared with the rest of the state. Governor Brown recently complicated matters as well, by cutting funding to taxpayer-backed redevelopment... Read More »

Senior Housing Boom in Rochester, Minnesota

The Affordable Care Act called for, in addition to many new reforms, increased continuum of care from America’s health care providers. Health systems have taken to this call to action, increasingly affiliating with other health systems or health care businesses to add a wide variety of services to their portfolios. Concerning long-term care, Rochester, Minnesota may prove to be the best example of this new type of integrated senior/medical care in the country. Fueled in large part by a 20-year, $5 billion expansion plan to Mayo Clinic, three senior housing projects are scheduled for construction or have already broken ground in the county. The Bluffs of Lake City, a $13.4 million project... Read More »

Allen, TX senior care community set to break ground later this month

Christian Care Centers (CCC) of Mesquite, Texas, is set to break ground on its third senior living community in the Dallas-Fort Worth area later this month. Located in the town of Allen, the 72,000 square-foot, two-story facility will offer 32 assisted living units and 36 memory care units, as well as 22 independent living cottages separate from the main building. Once construction is complete, scheduled for August 2015, CCC will operate the facility. The community was designed by REES Architects, which has an office in Dallas, and is to be built by Adolfson & Peterson, a U.S.-based firm consistently ranking in the top 50 construction managers and general contractors in the country.... Read More »

Expanding in Houston

Not to be left behind by the ever expanding senior housing market in the Houston metro area, three existing retirement communities are planning significant additions which would expand both their size and continuum of care through a variety of services. The Buckingham, a 323-unit senior living community consisting of 204 independent living apartments, 43 assisted living units, 16 memory care suites and 60 private skilled nursing rooms, was built in 2005, but after reaching full capacity, they sought to fill a growing need for senior care in the area. The $56 million expansion, which will cost about $300,000 per unit, will add an additional 104 IL apartments, 33 AL suites, 18 memory care... Read More »