MCLEAN, VA. — Is new development good or bad for the seniors housing industry? The consensus is that it’s potentially good and bad.
Development
American House, REDICO Break Ground on Phase III of Bonita Springs Community in Southwest Florida
by Jeff Shaw
BONITA SPRINGS, Fla. — American House and REDICO, a national real estate development and investment firm, have broken ground on 88 independent living apartments in the third and final phase of American House Bonita Springs Senior Living community in Florida.
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.