PLANO, TX—With the continued influx of high-salaried positions throughout the metro, executive employees are relocating and often bringing another generation, i.e., parents, along in the process. This net immigration of seniors moving to be closer to adult children has created a dynamic of census growth in the market.
In order to provide supply for those transplants, senior living developments and acquisitions are quite commonplace. A recent acquisition involved three senior housing communities in Denton, Plano and McKinney.
An affiliate of CA Senior Living LLC, the senior housing investment and development division of Chicago-based CA Ventures, purchased the communities from Dallas-based SRP Medical, which also developed the properties. The portfolio will continue to be managed by Carlsbad, CA.-based Integral Senior Living.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
