• Newmark Closes Class-A Deal in Denver

    by | Apr 24, 2024 8:44 am | Acquisitions

    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

    by | Apr 23, 2024 3:56 pm | Acquisitions

    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

    by | Apr 23, 2024 3:54 pm | Acquisitions

    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

    by | Apr 23, 2024 3:48 pm | 60 Seconds

    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

    by | Apr 22, 2024 9:04 am | Opinion

    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 »

Budding building boom in Omaha?

by | Oct 23, 2014 4:33 pm | Developments

When one thinks of overdevelopment in seniors housing, Omaha, Nebraska doesn’t typically come to mind right away. Nonetheless, the effects of the building boom in senior living communities may already be beginning to show in Nebraska’s largest city, with occupancy (we hear) weakening in certain parts of the city. NIC MAP also shows this trend, with penetration rates for independent living and assisted living (which often includes memory care units) at 5.3% and 8.2% respectively. According to NIC, construction for assisted living is also hot in that area, with new construction representing 13.6% of the current inventory in the area. Two Omaha-based developers have recently broken ground on... Read More »

Responsible building is key these days

by | Oct 23, 2014 4:32 pm | Developments

As a developer, owner and operator, Watercrest Senior Living Group develops its communities with the intent of being in it for the long haul. Uniquely equipped with its own internal market development team, Watercrest uses higher-income thresholds than seen in many typical market studies (with even higher income thresholds to build memory care), and approaches each site by engaging in the local community to identify its specific needs. In the high-income, master-planned community of Lake Nona in Orlando, Florida, the age and income demographics combined with there being no assisted living competition within eight miles of the site suggested the need for a high-end community. So, Watercrest... Read More »

Fast fill-up at a Los Angeles CCRC

by | Oct 23, 2014 4:32 pm | Developments

When Los Angeles hasn’t seen a new CCRC in 20 years, either there is no demand for one, or the city is starving for one. Clearly with the new Fountainview at Gonda Westside, which presold 92% of its units with 10% deposits in less than nine months, there was a need. Outbidding several other developers, Los Angeles Jewish Home for the Aging (LAJHA) secured 2.5 acres in Playa Vista, a highly-desirable, master-planned community that had already pre-zoned this land for a senior living community. Numbering at 200 units (176 IL, 12 AL, 12 MC) and 460,000 square feet in six stories, this entrance-fee, not-for-profit CCRC sponsored by LAJHA is the first on the city’s wealthy Westside and the... Read More »

Top Senior Living Developments, 10/9/2014

by | Oct 9, 2014 4:30 pm | Developments

Top Senior Living Developments Name Type Developer Cost The Springs at Monarch Landing, Naperville, IL Rehab/LTC-96, MC-28 Senior Care Development N/A Tapestry at Woodland Hills, Tulsa, OK IL-140 Avenida Senior Living/Black Oak Partners $18 million Copper Trace, Westfiled, IN SN-104, AL-36 CarDon & Associates $19 million Read More »

Experienced providers get into the assisted living/memory care development market

by | Oct 9, 2014 4:28 pm | Developments

Newcomer Avanti Senior Living is set to open its first two senior living communities in 2015, with one in Cypress, Texas and the other in The Woodlands, Texas. These two communities, both in the Houston metro area, are the first to come in Avanti’s development pipeline of seven total properties (so far) in Texas and Louisiana. While other developers out there certainly have more properties coming down the pike than this newcomer (especially in Texas), Avanti still stands out among its competitors. Co-founders Tim Hekker (who is also the CEO) and Lori Alford (COO) combined bring over 50 years of experience in the operating world of senior care and a unique perspective to the development of... Read More »