MIDLOTHIAN, Va. — Blacksburg-based developer HHHunt has broken ground on Spring Arbor of Salisbury Memory Care in Midlothian, about 15 miles west of Richmond.
Development
By Haisten Willis ATLANTA — Seniors housing can be a uniquely challenging segment when it comes to development. Unlike traditional multifamily housing it is very involved from an operations standpoint and can be a tougher segment to enter. These and other challenges were discussed by a panel as part of the InterFace Seniors Housing Southeast conference at the Westin Buckhead hotel in Atlanta. The hour-long panel was titled “The Outlook for Seniors Housing Development: What’s Being Built, Where, and are Supply and Demand in Balance?”
GRAND JUNCTION, Colo. — Welbrook Senior Living and Embree Healthcare Group have started construction of a new transitional rehabilitation facility in Grand Junction, and have secured final financing for the project from CNL Healthcare Properties, a real estate investment trust (REIT) based in Orlando, Fla.