May 8, 2014:
Your biweekly update on people, places, projects, plus…
Top Senior Living Developments
Name
Type
Developer
Cost
Cardinal at North Hills, Raleigh, NC
165 IL, 60 SN
Kisco Senior Living
$85 million
Eagle Crest South,
South La Crosse, WI
80 IL, 34 AL,
18 MC, 12 Hospice
Bethany Lutheran Homes
$28 million
Generations at
Ahwatukee, Phoenix, AZ
128 units
(IL, AL, MC)
Investment Property
Associates LLC
and Retirement Community
Specialists
Undisclosed
The Crossings,
League City, TX
116 IL, 34 AL,
48 SN, 24 MC
Methodist Retirement
Communities
$74 million
Trilogy Health Services opens its 80th community
The Willows at Citation in Lexington, Kentucky, is Trilogy Health Services’ newest senior living community—its 80th senior living campus and its second in Lexington. The new campus offers assisted living, long-term care, short-term rehab, skilled nursing, personal care, and respite services. Designed using Trilogy’s village center residential model, The Willows at Citation features small neighborhood clusters that surround a communal gathering place—a village center—with a restaurant, ice cream parlor, health club, and other amenities where residents can meet and greet each other and build lasting friendships. Residents also enjoy chef-prepared meals, private dining rooms, complimentary Wi-Fi, a library, and a putting green.
As part of the opening celebration for The Willows at Citation, Trilogy is offering attractive incentives to those who join the community’s “Founders Club.” To qualify, prospective residents simply need to complete an application and put down a fully refundable deposit by May 31. The incentives include first selection of the suite location and floor plan, no move-in fees, and a discounted reservation fee.
Trilogy currently operates senior living communities throughout Indiana, Ohio, Kentucky, and Michigan. The Willows at Citation has 14 assisted living and 26 personal care units and 55 skilled nursing beds in its health center….Want to read more news? Click here for a free trial to The SeniorCare Investor and download the current issue today
Shared-campus concept proposed in Hudson, Wisconsin
Integrating medical suite services within a continuum of care is what Presbyterian Homes & Services has in mind for 14.6 acres of land currently owned by Hudson Hospital & Clinics in Hudson, Wisconsin. Presbyterian Homes plans to purchase the land—a wooded area adjacent to the hospital—and build a 160-unit senior apartment and assisted living complex on it. The shared-campus concept calls for 95 independent living, 46 assisted living, and 19 memory care residences in a four-story building, along with a 6,000 square-foot medical office suite and a 24,000 square foot town center with a bistro, theater, library, auditorium, chapel, fitness center, and hair salon. A future 50-suite “care center,” if needed, is also included in the plans. Pope Associates, an architectural firm, is designing the project.
“A shared-campus concept offers opportunities to explore new ways of collaborating on care and transitions between acute, subacute and long-term care that would not be possible without a shared campus concept,” according to the Presbyterian Homes project description. The project has been approved by the local City Council but the Planning Commission must approve the final development plans before the project can proceed.
Presbyterian Homes of Minnesota was incorporated in 1953 in order to build a home for the elderly on donated lakeshore property in Arden Hills, Minnesota. Now called Presbyterian Homes & Services, the organization serves more than 20,000 seniors in 40 communities located in Minnesota, Iowa, and Wisconsin. Hudson Hospital & Clinics—which also opened in 1953 and is now part of HealthPartners family of care in Bloomington, Minnesota—is a 25-bed critical access hospital in western Wisconsin with the region’s only hospitalist services and its only 24/7 emergency medical physicians, who handle more than 10,000 patient visits each year in the Emergency Center. Hospital partners already operating on the campus include a physician group, an orthopedic center, a hearing and speech clinic, and interventional pain specialists….Want to read more news? Click here for a free trial to The SeniorCare Investor and download the current issue today
It may be spring, but Autumn Leaves are burgeoning
One week before The LaSalle Group broke ground on its ninth memory-care community in suburban Chicago, the company celebrated the grand opening of its second memory care community in the Atlanta area. On May 1, Autumn Leaves of Towne Lake— a 28,000 square-foot, $9.8 million community located in Woodstock, Georgia, about 30 miles north of Atlanta—opened with an official ribbon-cutting ceremony. The Towne Lake community will provide specialized services to 50 residents living with Alzheimer’s disease, dementia, or memory impairment. Then on May 7, Autumn Leaves of Arlington Heights, located 25 miles northwest of downtown Chicago, had its official groundbreaking ceremony. The Arlington Heights community is a 30,000 square-foot, $12 million project that will also provide specialized care to 50 residents requiring memory-care.
Designed based on the latest Alzheimer’s research and using a high-tech motion sensor system to keep residents safe, Autumn Leaves communities also feature a life engagement program that provides residents with daily enriching activities to stimulate their senses and fulfill their needs for artistic expression, physical activity, spiritual support, community connections, continuing education, as well as lifestyle and leisure activities. Autumn Leaves communities also provide free services for local families, including educational seminars, speakers, and Alzheimer’s support groups. Respite care is also available.
The LaSalle Group, based in Irving, Texas, specializes in memory care and currently operates 36 Autumn Leaves communities in four states (Georgia, Illinois, Oklahoma, and Texas) with the ability to serve more than 1,800 residents. In addition to the newly opened Atlanta community and the Chicago project, the company recently broke ground on two new Autumn Leaves projects in suburban Austin, Texas. (Senior Living Development News, 4/10/14)….Want to read more news? Click here for a free trial to The SeniorCare Investor and download the current issue today
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NEW – The Senior Care Acquisition Report, 19th Edition – Just Published!
Deals have been made. The 2014 Senior Care Acquisition Report contains private deals in this market that are frequently too small to make it into the financial press. Order by May 31st and get our FREE report “The Entrepreneurial Spirit of Seniors Housing – Edition 1: Thoughts, Stories and Lessons on Leadership”. PLUS, you will recieve a complimentary $150 worth of deals in our online senior care m&a database. Now that’s a deal! Go to http://www.levinassociates.com/landing/scar19order or call 800-248-1668 to preorder today.
Upcoming Interactive Webcast:
Marketing Strategies to Improve—or Maintain—Occupancy
Thursday, May 15, 2014, 1:00 pm ET
When did you last have a waiting list for your community? Occupancy levels are crawling back to pre-2008 levels in most locations, but no one takes “full occupancy” for granted anymore. Consumers have changed, too. The new generation of prospects—and their family members—will want new environments, active lifestyles, and engaging activities. And they’ll expect to know exactly what they’re contracting for in terms of costs, options, and care. Go to http://www.levinassociates.com/conferences/1405b-online-conference or call 800-248-1668 to register.
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