NIC Formally Defines Active Adult, Starts Data Initiatives

ANNAPOLIS, Md. ­— The National Investment Center for Seniors Housing & Care (NIC), an Annapolis-based nonprofit firm that tracks industry data, has unveiled its first industry-wide definition of the active adult sub-segment with the intent of better guidance for investors.…

CBRE Arranges Sale of 356-Unit Residences at Merrillville Lakes in Indiana

MERRILLVILLE, Ind. — CBRE’s Indianapolis/Louisville multifamily team, in partnership with CBRE National Senior Housing, has arranged the sale of Residences at Merrillville Lakes. Located in Merrillville, near the Illinois border south of Chicago, the active adult community features 356 units…

Lockwood Breaks Ground on $45M Community in Ann Arbor, Michigan

ANN ARBOR, Mich. — Lockwood Cos. has broken ground on Lockwood of Ann Arbor, a 154-unit seniors housing community in Ann Arbor. The three-story, 168,130-square-foot building includes 65 units dedicated as affordable housing. Development costs were estimated at $45 million.…

Outsourced HR Meets the Challenges of Senior Living Staffing

Due to the nature of their clientele, senior living operators continually need to market their services to attract prospective new residents. But it’s not just new residents that they need to attract: it’s new employees as well. For the reality…