GLEN ELLYN, Ill. — Charter Senior Living has been selected to manage Autumn Leaves of Glen Ellyn, a 46-unit memory care community in Glen Ellyn, approximately 23 miles west of Chicago.
SARASOTA, Fla. — Watercrest Senior Living Group and United Properties have broken ground on Watercrest Sarasota Senior Living Community, a 198-unit luxury senior living campus in Sarasota, along Florida’s Gulf Coast.
FORT WAYNE, Ind. — Vermillion Development, a Chicago-based real estate firm, has opened Silver Birch Fort Wayne, an affordable seniors housing community in Fort Wayne. Design and engineering firm HED partnered on the project.
HUNTSVILLE, Ala. — LifeCenters Communities, in partnership with Charter Senior Living, and the Hutchinson Group, has broken ground on Legacy at Hampton Cove in Huntsville.
BRICK, N.J. — Lancaster Pollard Mortgage Co. has provided a $17.3 million HUD loan to refinance Willow Springs, a skilled nursing facility in Brick.
NEW YORK CITY — Commercial real estate advisory firm Newmark Knight Frank (NKF) has expanded its seniors housing team, hiring Heidi Brunet and Lisa Lautner as executive managing directors.
SAN FRANCISCO — CiminoCare has completes renovations and restoration of Portola Gardens, a seniors housing community in San Francisco.
PLANO, Texas — The Legacy Senior Communities has expanded its The Legacy at Home program with the addition of hospice services.
Studying our past may show what’s ahead for the industry.
ANNAPOLIS, Md. — In just 10 years, 54 percent of middle-income seniors will be unable to pay the yearly costs of $60,000 for assisted living rent and other costs, even if they committed 100 percent of their annual financial resources, according to a report released this morning by the National Investment Center for Seniors Housing & Care (NIC).