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North Street Senior Residences Opens in Maryland

ELKTON, Md. — The Community Builders Inc. (TCB) and Home Partnership Inc. have completed construction on the $11 million North Street Senior Residences at 214 North St. in Elkton. Several local officials, including Elkton Mayor Robert J. Alt and Cecil County Executive Tari Moore, attended the opening of the new affordable seniors housing community.

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NorthStar Healthcare Income to Acquire 15 CCRCs for $640M

GREENWOOD VILLAGE, CONN. - NorthStar Healthcare Income has agreed to acquire 15 continuing care retirement communities (CCRCs) throughout 11 states for $640 million. The assets, which include nine rental CCRCs and six entrance-fee CCRCs for a total of 3,637 units, were purchased from subsidiaries of Fountains Senior Living Holdings.

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Ventas Names and Registers Skilled Nursing Spin-Off, Care Capital Properties

CHICAGO — Ventas Inc. (NYSE: VTR) has filed a Form 10 Registration Statement with the Securities and Exchange Commission in connection with its previously announced plan to spin off most of its post-acute/skilled nursing facility portfolio into an independent, publicly traded REIT. The new public company will be named Care Capital Properties Inc. (CCP).

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Brookdale Appoints Mark Parrell and Lee Wielansky to Board Of Directors with Sandell Approval

NASHVILLE, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD) has appointed of Mark J. Parrell and Lee S. Wielansky to its board of directors as Class III directors.  The two appointees were selected with approval of Sandell Asset Management Corp., a shareholder group within the company that was pushing for changes on the board and for Brookdale to spin off its real estate portfolio into a REIT.

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Maxwell Group Appoints Cassandra Heath as Vice President of Sales Management

CHARLOTTE, N.C. — Maxwell Group Inc., a retirement management group based in Charlotte, N.C., has appointed Cassandra Heath as vice president of sales management. Maxwell Group is the parent company of Senior Living Communities, owner and operator of nine retirement communities in the Southeast and Midwest; Live Long Well Care, a private-duty care service provider for seniors; and Wellmore, a new line of healthcare and wellness retirement communities.

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