Blake Management Group’s Back At It

Construction has begun at a brand-new senior living community in Fort Mill, South Carolina (Charlotte MSA). Mississippi-based Cardinal Ventures is developing the $15 million project, which will be called The Blake at Baxter Village. Frampton Construction Company, based in South Carolina, will be building the facility, and Blake Management Group will manage the property. Between […]

Where There’s a Will, There’s a Waypoint

There’s a new entrant in the seniors housing industry. Real estate investment manager Waypoint Residential, predominantly focused on conventional multifamily and student housing, just made its first acquisition of a senior living community in the town of Starkville, Mississippi (home of Mississippi State University), for $22.7 million, or about $276,800 per unit. Developed in January […]

Assisted Living Buyer Bolsters Presence On Florida’s East Coast

Ken and Damien Carriero of Colliers International successfully closed the sale of a small 16-unit assisted living community in Vero Beach, Florida for $2.45 million, or about $153,100 per unit. Built in 2000, the community was family-owned and operated for the past 13 years. With more of a boutique-feel, it features all semi-private units and […]

Seniors Find New Home In Former Hotel

During this construction boom in seniors housing, developers are getting creative with where to build their communities. Although the majority of senior care communities are purpose-built, ground-up developments, some developers are taking advantage of existing buildings (like medical office buildings or hotels) that may not have been built for senior care but could be converted […]

Carrieros of Colliers

In the depths of this winter, let’s head south to Largo, Florida, where the subsidiary of the owner of rehabilitation, skilled nursing, assisted living and independent living communities throughout the country purchased a 128-bed assisted living/memory care community for an undisclosed price. Owned by a religious non-profit, the community was built in 2006 with a […]