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 »“Cutting-edge” memory care comes to Kansas City
Last week, Wexford Place Assisted Living & Memory Support by Senior Star celebrated its grand opening. The new community, adjacent to the Wexford Place independent living community in Kansas City, Missouri, features 43 assisted living and 44 memory support residences designed specifically for people facing Alzheimer’s disease or dementia—whether they require just a helping hand or full specialized care. As in all Senior Star communities that offer memory care, Wexford Place Assisted Living & Memory Support has a Snoezelen® multisensory room to help in the management of dementia-related behavior by stimulating the person’s various senses; Functional Destination Programming® to... Read More »Caddis Partners: “Full speed ahead” on Heartis-branded communities
This month, Caddis Partners began construction on its fifth and sixth Heartis-branded communities in Texas. Heartis Cypress and Heartis Clear Lake—both located in the Houston area and both 78-unit communities (54 assisted living units and 24 memory care beds)—are expected to open in early 2015. Caddis, a Dallas-based real estate development, management, and investment firm operating strictly within the health-care sector, announced in June 2013 that it would invest $100 million in the senior living segment over 24 months. At that time, too, construction had just begun on Heartis Cleburne, a 96-unit assisted living and memory care community south of Fort Worth and the company’s first... Read More »Village Pointe Commons moving forward in Wisconsin
Tarantino & Co., the Waukesha, Wisconsin, real estate developer, plans to build a $20 million senior housing community in a commercial district on the south side of Grafton, Wisconsin. The 200-unit project, to be called Village Pointe Commons, will have levels of care, services, and amenities common to the senior communities that the developer already operates under its Capri Senior Communities banner. An aging mall that once occupied the development site was razed in 2008 to be replaced by an extensive mixed-use project—a 17-building complex on 22 acres that included a new retail center and townhouse- and apartment-style condominiums. The retail center was finished before the full... Read More »Schedule a demo
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