TORONTO — Maintreet Health Investments (MHI) has announced the acquisition of seven seniors housing communities and five development properties in the United States and Canada for $152 million.
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MINNEAPOLIS — Chicago Pacific Founders has hired seniors housing industry veteran Guy Geller to two executive roles within the company’s subsidiaries. Geller will serve as the chief operating officer of CPF Living Communities and as president of Grace Management.
Western States Lodging, Colmena Group to Build $30M Assisted Living Community in Arizona
by Jeff Shaw
SCOTTSDALE, Ariz. — Western States Lodging & Management and Colmena Group have announced plans for Legacy Village at Sale River, a 230-unit assisted living and memory care community within the Pima Center business park in the Phoenix suburb of Scottsdale. Development costs are estimated at $30 million.
WASHINGTON, D.C. — An age wave is coming that will be the most extraordinary demographic disruption in history, and one which will create both winners and losers in the seniors housing space, predicts Ken Dychtwald, a noted psychologist, gerontologist and author.
FORT WORTH, TEXAS AND SAN FRANCISCO — Enlivant, an owner and operator of senior living communities, and global investment firm TPG have purchased 48 seniors housing communities in 14 states from several unrelated organizations. The sales price was not disclosed.