Cadbury expanding its Delaware presence
“Development” is more than bricks and mortar. For example, Cadbury Senior Services has expanded its presence in Delaware by offering seniors in that state the signature “continuing care retirement community without walls” offering that Cadbury developed back in 1998. Operating for 17 years out of Cadbury at Cherry Hill, the provider’s flagship CCRC, Cadbury at Home brings home-care services to New Jersey seniors who prefer to age in place in their own home rather than move into a senior living community. Cadbury also has a CCRC in Delaware, Cadbury at Lewes. A pair of events held last October to introduce the service to Delaware seniors attracted more than 400 attendees—12 of whom signed... Read More »Calamar/Mount Kellett planning 500 “independent light” units annually
Calamar Enterprises and Mount Kellett Capital Management LP have created a joint venture for the purpose of developing a series of senior housing complexes over the next several years. Calamar’s “independent light” model offers varying levels of services to residents, including meal, transportation, and entertainment options. The team plans to develop more than 500 units across the United States each year. Calamar, a real estate developer operating out of Wheatfield, New York (near Buffalo), has been involved in developing senior housing for the past 25 years. The firm’s portfolio currently includes more than 1,000 senior housing units in New York State and Nebraska and will expand into... Read More »More memory care coming to Austin
The LaSalle Group recently broke ground on two assisted living communities in and around Austin, Texas, that will specialize in memory care. Autumn Leaves of Northwest Austin, a $10.7 million project in the lovely Hill Country, will comprise 26,000 square feet and accommodate 46 residents living with Alzheimer’s, dementia, and other types of memory impairment. Autumn Leaves of Georgetown, a $10.3 million project, will also comprise 26,000 square feet but will accommodate 50 residents requiring memory care. The company expects to complete both projects by the end of 2014. Austin, a vibrant city with a current population of 1.8 million and a growth rate of 2.8%, is one of the fastest-growing... Read More »Omega Communities pursues faith-based opportunities
Omega Communities, based in Birmingham, Alabama, is differentiating itself in the development arena by focusing on the company’s relationships in the faith-based community. Combining the investment opportunity in senior housing with the affinity of “dynamic, impacting churches” presents benefits that investors are likely to find both substantial and sustainable, according to Omega. At the same time, church partners fulfill their mission of ministering to seniors in their local communities—and share in operating revenues. The company’s “affinity relationship” model for developing senior living communities requires a sponsoring church that meets “strict financial and impacting criteria,”... Read More »Schedule a demo
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