Research tool can make big impact on development plans for operators
New labor rules mean overtime pay for more salaried workers. How will this affect the seniors housing industry?
When CEO Tom Scott decided in 2014 to start a new branch of his development company, CA Ventures, to begin building seniors housing, he didn’t do so lightly.
When Mike Taylor, now with First Midwest Bank, first entered the seniors housing sector 13 years ago, he joked to friends that he was in the “sexy senior living space.” Fast-forward to today, and his comment has proven to be more prophetic than he probably could ever have imagined.
ATLANTA — With so many new facilities and operational models altering the seniors housing landscape, what will be the key to a successful seniors housing development in the future? According to panelists at the InterFace Seniors Housing Southeast Conference, the answer is flexibility.
BOSTON and NEWPORT BEACH, Calif. — Clearwater Senior Living, a Newport Beach-based seniors housing developer, and Berkshire Group, a Boston-based multifamily investor, have formed a new joint venture that plans to develop and acquire $500 million in seniors housing communities in the Western United States.
NORTH WALES, Pa. — CBRE Capital Markets’ National Senior Housing team has arranged the sale of and acquisition financing for The Solana Horsham, a 76-unit assisted living and memory care community in the Philadelphia suburb of North Wales.
PHOENIX — Life Care Services and Westminster Funds, the joint venture owners of Sagewood, a continuing care retirement community in Phoenix, have announced plans to add a 24-unit independent living neighborhood to the community’s campus.
GARLAND, Texas — Marcus & Millichap has arranged the sale of Montclair Estates, a 111-unit independent living community in the first-ring Dallas suburb of Garland, for an undisclosed price.
CHICAGO — A joint venture between Chicago Pacific Founders, its affiliate CPF Living Communities and Grand Park Capital Management has acquired a four-property portfolio of Town Village-branded independent living properties for $180 million.