Five Star Senior Living Rebrands As AlerisLife
Five Star Senior Living is rebranding itself as AlerisLife Inc. effective immediately. With the name change, the company’s common shares will now trade on the NASDAQ stock market under the ticker symbol “ALR.” “Aleris” is a Latin word meaning “to foster, nourish and develop,” and is intended to signify the company’s intent to continue fostering, developing and expanding its lifestyle services. It also follows its desire to offer lifestyle services to younger “choice-based” consumers while exiting the skilled nursing business entirely in November 2021. Other recent developments include growing its Ageility rehabilitation and fitness products, entering into a dining services collaboration... Read More »
Presbyterian Manors of Mid-America Expands Into Colorado
Presbyterian Manors of Mid-America has broken ground on their newest CCRC, Aberdeen Ridge, thanks to the recent successful closing of their $140.02 million Series 2021 bonds issued through the Colorado Health Facilities Authority and underwritten by Ziegler. This is PMMA’s first venture into Colorado. The faith-based, not-for-profit corporation is headquartered in Wichita, Kansas and operates 15 senior living communities and two hospices across Kansas and Missouri, serving over 2,400 residents. In 2018, PMMA acquired a Texas not-for-profit corporation, which owned an undeveloped 15.25-acre site within 1.5 miles of Garden of the Gods National Park, and which already had the permits and... Read More »
Active Adult Community Set to Break Ground in Texas
Edison Equity Management Corporation, a Texas-based developer and acquirer of active adult communities, has purchased land for a 182-unit development in the Houston MSA. The project is set within a master-planned community called Cypress Creek Lakes, and will sit on an eight-acre plot of land. Named 55 Resort at Cypress Creek Lakes, the community will feature a gym, fitness studio, library, resort-style pool and hot tub, and a restaurant with a coffee and wine bar. 55 Resort will also provide a program director for various activities in and around the community. Unit prices range from approximately $1,900 to $2,500 per month. Edison Equity Management currently has four listed active... Read More »
Tri Pointe Homes Launches Active Adult Brand
Home builder giant Tri Pointe Homes has announced the launch of Altis, a new brand that will focus on the company’s active adult properties across the United States. Altis already has three communities open in California – Altis Beaumont in Inland Empire, Altis at Terramor in Temescal Valley and Altis at Skyline in Santa Clarita. Opened in 2018, Altis Beaumont was the first property in the brand’s product line. It features modern single-level homes and resort-style amenities, including a pool, outdoor lounge, barbecue area, pickleball courts, a trail system and full-time lifestyle director. Beaumont has already sold 300 homes, and plans to complete 704 homes by the completion of the... Read More »
Luxury Development By JV Underway in Florida
A joint venture between Ryan Companies and Grand Living Management is set to begin the development of a luxury 206-unit senior living community in Naples, Florida. The developers acquired the 7.9-acre parcel of land for the project for $5.2 million according to Collier County Data. The JV also received a five-year, $48.7 million construction loan from Trustmark National Bank to support the development. Named Grand Living at Naples, the community will consist of 166 independent and assisted living units and 40 memory care units across 241,071 square feet and four stories. Amenities will include various dining spots, a library, club room, wellness center with a fitness area, a spa and a... Read More »Schedule a demo
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