REITs Are Moving Assets Again

Just when we thought it was safe to go outside again, it was revealed that Welltower had transferred the operations of 20 memory care and Alzheimer’s communities from one of its formerly favored tenants, Silverado Senior Living, to a formerly much smaller tenant, Frontier Management. These 20 properties represent 50% of Silverado’s memory care operations, […]

LTC Expands with Thrive

LTC Properties (NYSE: LTC) expanded its relationship with Thrive Senior Living, acquiring and then leasing another property to the Atlanta-based operator for $14.3 million, or $204,286 per unit. Receiving its Certificate of Occupancy in May 2016, the community in Athens, Georgia was actually developed by a joint venture between Thrive, Paragon Real Estate and Summit […]

PinPoint spins off to focus on seniors housing

PinPoint Commercial, a national boutique development partnership that has created over $600M in industrial, medical, retail and senior housing assets, is creating a new company, PinPoint Senior Living (PSL), to focus on the development of new senior living communities. We have written before of Pinpoint Commercial’s “Legacy” brand of seniors housing (see: Assisted Living technology […]

Thrive Senior Living breaks ground in Gainesville, Virginia

At a ceremony on June 26, Thrive Senior Living broke ground on The Tribute at Heritage Village, a 128-unit assisted living and memory-care community in Gainesville, Virginia. Located at the front entrance of Heritage Hunt, a 55+ active adult community, The Tribute at Heritage Village will feature two restaurant dining venues, a movie theater, spa, […]