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Evergreen, CJE SeniorLife Complete $25M Ann Rainey Apartments Affordable Community in Evanston, Illinois

EVANSTON, Ill. — Evergreen Real Estate Group and the Council for Jewish Elderly (doing business as CJE SeniorLife) have opened Ann Rainey Apartments, a 60-unit affordable seniors housing community in Evanston, a northern suburb of Chicago. The $25 million project…

  • May 19, 2022
  • Published in Affordable Housing, Development, Illinois, News

Sabra, Sienna Complete $236.5M Acquisition of 11 Communities in Canada

IRVINE, Calif. — Sabra Health Care REIT (NASDAQ: SBRA) has completed its joint-venture acquisition with Sienna Senior Living (TSX: SIA) of 11 seniors housing communities in Canada. The properties are located in the provinces of Ontario and Saskatchewan. The buyers…

  • May 19, 2022
  • Published in Acquisitions, Company News, News

SLIB Negotiates Sale of Two Communities in Northwest Georgia

CARTERSVILLE and CALHOUN, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of two assisted living and memory care communities in Cartersville and Calhoun, located between Atlanta and Chattanooga, Tenn. The communities, both branded as The Fountains, total…

  • May 19, 2022
  • Published in Acquisitions, Assisted Living, Georgia, News

Cambridge Provides $7.4M HUD Refinancing for Springfield Supportive Living Center in Illinois

SPRINGFIELD, Ill. — Cambridge Realty Capital Cos. has provided a $7.4 million HUD-insured loan for the Springfield Supportive Living Center, a 127-bed assisted living facility in Springfield, Illinois. Cambridge Realty Capital Ltd. of Illinois, Cambridge’s specialists in FHA-insured HUD loans,…

  • May 19, 2022
  • Published in Assisted Living, Finance, Illinois, News

Erickson Senior Living Promotes Kristen Compton to Executive Director of Cedar Crest

POMPTON PLAINS, N.J. — Erickson Senior Living has named Kristen Compton as executive director of Cedar Crest, a seniors housing community in the North Jersey municipality of Pompton Plains. “Kristen has been serving as Cedar Crest’s associate executive director since…

  • May 19, 2022
  • Published in New Jersey, News, People

Senior Living is Still Searching for Answers to Worker Shortage, Says C-Suite Panel at Argentum Conference

MINNEAPOLIS — The worker shortage situation in seniors housing has improved marginally in recent months, but remains a “crisis,” said Tana Gall, president of Seattle-based Merrill Gardens, an owner-operator with a portfolio of 72 communities across 20 states. The veteran…

  • May 18, 2022
  • Published in Features, News

Argentum’s Balda Highlights Forces Shaping Future of Seniors Housing; Hero Award Winners Honored

MINNEAPOLIS — People, trust and choice. James Balda, president and chief executive officer of Argentum, believes those three factors will play a crucial role in determining the overall success of the senior living industry going forward. “We must never forget…

  • May 17, 2022
  • Published in Features, News

Welltower Buys Seven West Coast Communities for $344M

TOLEDO, Ohio — Welltower Inc. (NYSE: WELL) has expanded its strategic partnership with Oakmont Management Group, a West Coast operator of Class A seniors housing communities. Welltower agreed to purchase seven senior living communities, subject to customary closing conditions, which…

  • May 17, 2022
  • Published in Acquisitions, California, CCRC, Company News, News

Grace Inspired Ministries Opens 50-Unit Sellersville Senior Residences Affordable Community in Pennsylvania

SELLERSVILLE, Pa. — Grace Inspired Ministries (GIM), along with development partner Leon N. Weiner & Associates Inc. (LNWA), has completed Sellersville Senior Residences, an affordable housing community in Sellersville, approximately 30 miles north of Philadelphia. The community’s 50 apartments are…

  • May 17, 2022
  • Published in Affordable Housing, Development, News, Pennsylvania

Kayne Anderson Real Estate Closes Latest Debt Fund Above Target at $1.9B

BOCA RATON, Fla. — Kayne Anderson Real Estate, the real estate investment arm of private equite firm Kayne Anderson Capital Advisors, has closed its latest at an oversubscribed level of nearly $1.9 billion. The fund, Kayne Anderson Real Estate Debt…

  • May 17, 2022
  • Published in Company News, Finance, Investment, News
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Industry Content

Webinar: Inflation and Rising Interest Rates – Doom or Boom for the Seniors Housing Industry?

Seniors housing valuations — what can the industry expect in terms future occupancy, inflation and interest rates? These were the most pressing topics of the "Inflation and Rising Interest Rates —…

Design, Technology Lead to Labor Savings in Senior Living Communities

Senior living communities, often strained by labor shortages, can benefit from design and technology strategies built to streamline how employees spend their time. While the focus in any construction, design…

How to Streamline Senior Living Community HR Processes

Cut Costs, Save Time and Recruit and Retain Good Workers The growth of the aging population is creating more demand for senior living options. But growing demand is colliding with a…

Webinar: What’s Ahead For Seniors Housing Staff, Leaders and HR

The "What’s Ahead For Seniors Housing Staff, Leaders and HR: A Study on 2022 Business Priorities" webinar took place April 14 and was hosted by Seniors Housing Business and sponsored by Paychex.…

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Industry News

  • Webinar: Inflation and Rising Interest Rates – Doom or Boom for the Seniors Housing Industry?
  • Evergreen, CJE SeniorLife Complete $25M Ann Rainey Apartments Affordable Community in Evanston, Illinois
  • Sabra, Sienna Complete $236.5M Acquisition of 11 Communities in Canada
  • SLIB Negotiates Sale of Two Communities in Northwest Georgia
  • Cambridge Provides $7.4M HUD Refinancing for Springfield Supportive Living Center in Illinois
  • Erickson Senior Living Promotes Kristen Compton to Executive Director of Cedar Crest

Coronavirus News

  • New Jersey Tightens Workplace Vaccine Requirements for Healthcare, High-Risk Congregate…

  • After 18 Months, Seniors Housing Operators More Adept at Handling…

  • New Supply Puts Brakes on Occupancy Recovery in Private-Pay Seniors…

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