In a July 22 Seniors Housing Business webinar titled “Invigorating the Seniors Housing Workforce: Strategies to Inspire, Engage, and Retain Talent,” panelists discussed challenges in finding and motivating employees in the senior living industry. Seniors housing communities struggled to find staff
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For more than a year, seniors housing operators have battled rising vacancy, pressure on net operating income and uncertainty about the future as potential residents steered clear from property tours and lease commitments. Those difficulties have created a tough financing
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SARASOTA, Fla. — The United Group of Companies has received a $48 million construction loan from Trez Capital, with the funds used to build The Alloro at University Groves. Located in the coastal Tampa suburb of Sarasota, the community will
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NAPERVILLE, Ill. — TWG has unveiled plans to develop McDowell Point, a $62.4 million active adult community in the Chicago suburb of Naperville. The project is Indianapolis-based TWG’s first development in the greater Chicago area as well as its first
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BUFORD, Ga. — Capitol Seniors Housing has broken ground on The Outlook at the Exchange, an active adult community for residents ages 55 and older in Buford. The 200,000-square-foot, four-story community will offer 180 residential units. The Outlook at the
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BUFORD, Ga. — Capitol Seniors Housing has broken ground on The Outlook at the Exchange, an active adult community for residents ages 55 and older in Buford. The 200,000-square-foot, four-story community will offer 180 residential units. The Outlook at the
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LEWISVILLE, Texas — An affiliate of Livingston Street Capital, a boutique private equity firm focused on commercial real estate investments throughout the U.S., has acquired a 180-unit active adult apartment community in the Dallas-Fort Worth submarket of Lewisville. The seller was
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SUN PRAIRIE, Wis. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Olympic Village, a 69-unit active adult community in the Madison suburb of Sun Prairie. SLIB represented the court-appointed receiver in the transaction. The residents of the
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ENID, Okla. — Gardner Capital has completed construction on Tennyson Manor in Enid, approximately 80 miles north of Oklahoma City. The development offers one- and two-bedroom apartment homes specifically built for seniors and will offer modern conveniences such as electric
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GEORGETOWN, Texas — Austin-based developer Sparrow Partners and Ohio-based REIT Welltower (NYSE: WELL) have broken ground on Amberlin Georgetown, a 188-unit active adult community in Georgetown, a northern suburb of Austin. The property will feature one- and two-bedroom units ranging
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GLENARDEN, Md.— Pennrose has started leasing at Residences at Glenarden Hills II, the second of the six-phase Glenarden Hills master-planned community. The community is available to seniors age 55 and older, expanded from the previous 62-plus eligibility. The community features
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LOPATCONG, N.J. — Larken Associates has completed construction of Autumn Ridge, a 198-unit multigenerational community in Lopatcong, located along the Pennsylvania border from Allentown. The 10-building community features 148 garden- and garage-style multifamily units alongside Horizons at Autumn Ridge, an
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CHICAGO — CBRE has arranged $43 million in financing for the construction of a Class A active adult community in Chicago. Aron Will, Austin Sacco and Matthew Kuronen of CBRE Senior Housing partnered with CBRE Chicago’s Debt and Structured Finance
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GRANBURY, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of Residence at Legacy Park, an active adult community in Granbury, approximately 35 miles southwest of Fort Worth. Built in 2018, the community features 81 units and is
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OMAHA, Neb. — Essex Communities, an Omaha-based active adult operator, has added Camille Burke to its leadership team as vice president and chief development officer. Burke has more than 20 years of experience in the seniors housing industry, including almost
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MYRTLE BEACH, S.C. — Hudson Capital Properties has completed Inspire Coastal Grand, a 194-unit active adult community in Myrtle Beach. The first phase of leasing is currently underway, with the first residents expected to move in mid-April. Hudson partnered with
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MATTHEWS, N.C. — Capstone Communities and Liberty Senior Living have started construction of Inspire Royal Park, an active adult community for persons age 55 or older in the Charlotte suburb of Matthews. Approximately 30 percent of Matthews residents are over
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ST. CHARLES, Ill. — M&T Realty Capital Corp. has provided a $15.1 million Fannie Mae loan for the refinance of an 80-unit active adult community in St. Charles. The transaction was worked in conjunction with Ziegler, a specialty investment bank
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SAN ANTONIO — Cadence McShane Construction Co. has completed Brookwood Senior Apartments in San Antonio. Mission DG is the developer of the property, which features 197 units on a six-acre site. “This project is a great addition to San Antonio
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GEORGETOWN, Texas — Walker Real Estate and Chalk Hill Ventures, in collaboration with Pi Architects, Square One Consultants, Pat Berry Design and Skybeck Construction, have completed construction of an active adult community in Georgetown. Located on a 12-acre site near
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MYRTLE BEACH, S.C. — Liberty Senior Living has announced a grand opening celebration on April 29 for Inspire Coastal Grand, a 194-unit active adult community in Myrtle Beach. The complex features more than 600,000 square feet of residential and commercial
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CUMBERLAND, Ga. — Overture Powers Ferry, Greystar’s newest 55+ active adult community, is now leasing with first move-ins planned for this fall. The community features 171 one- and two-bedroom apartment homes, available to individuals over the age of 55, and
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PLAINVIEW, N.Y. — Chelsea Living has opened The Residences at Plainview, an active adult community in the Long Island hamlet of Plainview. The community features newly renovated studio, one-bedroom and two-bedroom apartments with full kitchens, a custom wellness program and
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WHEATFIELD, N.Y. — Calamar Inc., an active adult owner-operator based in the Buffalo suburb of Wheatfield, has rebranded its entire portfolio under the new name of Connect55+. The existing portfolio of 40 communities will offer an extended and more comprehensive
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Despite increased competition and delays in construction and lease-up due to COVID-19, developers remain bullish on the sector. By Jeff Shaw The relatively new segment of rental active adult housing has many developers interested, but hesitant. The sector targets baby
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RADNOR, Pa. — Livingston Street Capital, a boutique private equity firm focused on commercial real estate investments, has expanded its leadership team to coincide with the firm’s actively growing focus on active adult and independent living assets nationally. The Randor-based
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ANDOVER, Minn. — JLL Capital Markets has arranged the sale of The Estates at Arbor Oaks, an active adult community in Andover, a northern suburb of Minneapolis. Estates of Arbor Oaks LLC sold the property to PC Arbor Oaks for
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