Koelsch Communities Expands with New California Community
Koelsch Communities has opened a new independent living community in Elk Grove, California. The community broke ground in May of 2019, but completion was delayed due to the pandemic. The $75 million Park at Laguna Springs sports 135 senior apartments and 16 casita apartments. Koelsch is vertically integrated with a construction arm, and three memory care communities have come online in the last 12 months: an 80-unit community in Kirkland, Washington, a 72-unit community in Elk Grove, California, and a 72-unit community in Puyallup, Washington. Koelsch has been adding independent living and assisted living offerings, preferring to build out continuum-of-care options on a given campus... Read More »
Another Home Builder Launches New 55+ Brand
Dream Finders Homes (DFH), a publicly traded homebuilding company, is expanding into the active adult market with a new brand of communities called “Reverie.” The company is leveraging its sales success in their existing active adult community, Reverie TrailMark, in the St. Augustine, Florida area. The word “reverie” means daydream and reflects the idyllic lifestyle that DFH hopes to represent with their amenity-laden properties. The company is not alone in seeing robust demand from empty-nesters and those 55 and over (really 75 and older) as an avenue of growth and hopes to leverage their experience with homebuilding to provide well-planned communities. A competitor of theirs, Toll... Read More »
Toll Brothers Invests in Active Adult Communities Nationwide
On the heels of a busy 2021 for new development projects, Toll Brothers, Inc. unveiled plans for its first Regency 55+ active adult community in the Pacific Northwest. Regency at Ten Trails will be a community of 403 single-level homes set within the Ten Trails master plan in South King County in Washington state. The community will offer four housing options ranging from approximately 1,300 to 2,200 square feet, with pricing anticipated from the low $700,000s. Amenities will include a 10,000-square-foot resort-inspired clubhouse and fitness center, an 11,000-square-foot dog park with washing station and sheltered areas with fireplaces. But this isn’t the only recent news from the... Read More »
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 »Schedule a demo
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