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Webinar: Seniors Housing Valuation Outlook — Fundamental Marketplace Drivers

by Sarah Daniels

  On Sept. 28, Seniors Housing Business and sponsor V&IG hosted the webinar “Seniors Housing Valuation Outlook — Fundamental Marketplace Drivers in Today’s Environment“. Seniors housing experts spoke candidly about factors like labor shortages and the spread of the Delta variant impacting seniors housing valuations and the industry’s struggle to return to pre-pandemic transaction volumes. As the year has progressed, how has the outlook changed for seniors housing professionals to take into account market trends and the activity of buyers and sellers? How are cap rates and cash flow influencing …

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Active AdultDevelopmentIndianaNews

Capitol Seniors Housing Breaks Ground on The Outlook at Hamilton Town Near Indianapolis

by Jeff Shaw

NOBLESVILLE, Ind. — Capitol Seniors Housing has broken ground on The Outlook at Hamilton Town Center, an active adult community in Noblesville, a suburb of Indianapolis. The 145,000-square-foot, four-story community is reserved for those age 55 and older and will offer 164 units. The property is adjacent to Hamilton Town Center, an outdoor shopping, dining and entertainment destination. The community will also be within walking distance of a recently announced, 274-acre, master-planned development known as Hyde Park, which will include a mix of retail, restaurants, office space and 162 acres …

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Active AdultAffordable HousingAssisted LivingIndependent LivingIndustry ContentOperationsPeopleTechnologyVideosWebinars

Webinar: Using Technology to Reduce Operational Costs & Enhance Resident Experience

by Sarah Daniels

  On Sept. 22, Seniors Housing Business and sponsor ecobee hosted the webinar “Seniors Housing: Using Technology to Reduce Operational Costs & Enhance the Resident Experience.” With the need to reduce energy use and protect employee time (while limiting unnecessary interactions with residents), making technology a part of senior living communities has never been more important. Smart thermostats offer a wide variety of benefits, especially for communities trying to improve their NOI. Thermostat solutions can mean less unplanned contact for staff and more control for residents, as well as energy and …

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Active AdultDevelopmentNewsTexas

Cadence McShane Construction to Build 200-Unit Century Heights Active Adult Community in Beaumont, Texas

by Jeff Shaw

BEAUMONT, Texas — The City of Beaumont Housing Authority, in partnership with Brinshore Development, has selected Cadence McShane Construction Co. to build Century Heights, an active adult community in Beaumont, located near the Louisiana border east of Houston. The property will feature 200 units on a 6.8 acre plot.The four-story low-rise will feature four different unit configurations, varying between one- and two-bedroom apartments. Steinberg Dickey Collaborative is serving as project architect. Completion of the project is slated for the end of 2022.

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AcquisitionsActive AdultNewsTexas

JLL Capital Markets Arranges Sale of 360-Unit Active Adult Portfolio in Texas

by Jeff Shaw

ARLINGTON and PLANO, Texas — JLL Capital Markets has arranged the sale of an active adult portfolio consisting of two newly built, age-restricted properties totaling 360 units located in the Dallas-Fort Worth MSA in Texas. JLL represented the seller, Kompass Kapital Management. Capitol Seniors Housing acquired the portfolio for an undisclosed price. The portfolio consists of The Orchards at Arlington Heights in Arlington and The Orchards at Market Plaza in Plano. The Orchards at Arlington Heights totals 256,611 square feet. The Orchards at Market Plaza totals 257,102 square feet. Each …

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AcquisitionsActive AdultNewsTexas

Livingston Street Capital Acquires 402-Unit Active Adult Portfolio in Metro Dallas

by Jeff Shaw

FORT WORTH and DENTON, Texas — An affiliate of Livingston Street Capital has acquired a portfolio comprising two active adult communities totaling 402 units in the Dallas-Fort Worth area of Texas. The properties include a 162-unit community in Fort Worth, which the firm has rebranded as The Spring at Silverton, and a 240-unit community in Denton, which the firm has rebranded as Sunstone Village. These assets bring Livingston’s active adult and independent living portfolio to nearly 600 units in the Dallas-Fort Worth market and more than 1,500 units nationally, according …

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Active AdultDevelopmentFloridaNews

Origin Construction to Build $75M America Walks Community in Port St. Lucie, Florida

by Jeff Shaw

PORT ST. LUCIE, Fla. — Miami-based Origin Construction has unveiled plans for America Walks, an active adult rental community in Port St. Lucie spanning 60 acres and more than 400 residences. The project is expected to cost $75 million to develop and is slated for completion in the third quarter of 2023. Ohio-based America Walks is the developer for the gated community. America Walks will feature both a residential and recreational component, including two four-story apartment buildings with 115 units, as well as 300 villas in 60 buildings surrounding four lakes …

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Active AdultDevelopmentNewsOhio

Homestead Senior Living Breaks Ground on 131-Unit Active Adult Community in Blacklick, Ohio

by Jeff Shaw

BLACKLICK, Ohio — Homestead Senior Living has broken ground on Homestead Village, a 131-unit active adult community in Blacklick, approximately 10 miles east of Columbus. The property will span 122,275 square feet and is scheduled to open in October 2022. Development costs were estimated at $14.5 million, with Homestead Construction as the contractor. Homestead’s “active senior” designation is marketed toward people 55 and older, are just retired and do not require any form of assisted living. The average resident age is between 60 and 75.

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Active AdultDevelopmentFeaturesNews

Design of Active Adult Properties Must Appeal to Multiple Generations, Say InterFace Panelists

by Jeff Shaw

As a concept, the term “active adult” supports the notion that age is just a number. As an evolving subcategory of seniors housing, active adult is a property type that means different things to different people. For that reason, designers and builders of this asset class face the unique challenge of visualizing and delivering communities that appeal to a broad range of renter profiles. Effective, consistent branding is one of the biggest challenges within the active adult sector, which is very much in its infancy relative to other commercial property …

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Active AdultDevelopmentNevadaNews

Sparrow Partners to Build Two Active Adult Communities in Henderson, Nevada

by Jeff Shaw

HENDERSON, Nev. — Sparrow Partners has unveiled plans for its first two active adult communities in the Las Vegas area: the 173-unit Mera Rhodes Ranch and 189-unit Mera Henderson. Both located in the first-ring suburb of Henderson, the communities are under construction and scheduled to open in mid-2022. “Las Vegas has one of the fastest growing populations of older adults in the nation, including many healthy seniors who no longer want to own a high-maintenance home but don’t yet need expensive support services,” says Jeff Patterson, co-founder of Sparrow Partners. …

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