NAPERVILLE, Ill. — Charter Senior Living has promoted Christy Mink to regional director of operations. In her new role, Mink will be responsible for talent management, strategic planning and day-to-day operations of 10 communities in Tennessee and five communities in Kentucky. Mink transitions to this role after serving a year as operations specialist for the Naperville-based management and development company. Mink has previously served in multiple leadership roles, including executive director and business officer manager for organizations that include Senior Lifestyle and Brookdale Senior Living.
CLARKSTON, Mich. — KIRCO has completed its first senior living community in Michigan, Monark Grove Clarkston. The 189,000-square-foot community is located on 17 acres in Clarkston, approximately 35 miles northwest of downtown Detroit. Beztak operates the property, which features 77 independent living units, 49 assisted living units and 22 memory care units. KIRCO MANIX was the builder on the project.
CANNON FALLS, Minn. — Ziegler has acted as exclusive financial advisor to Nesnah Ventures LLC on the sale of Cannon Rivers Senior Living, a 105-unit senior living community in Cannon Falls. Located about half-way between Minneapolis and Rochester, the community represented the only senior living asset owned by Nesnah Ventures, a Wisconsin-based family office investor. Built in 2008 and originally intended as multifamily apartments, Nesnah Ventures redeveloped the community into senior living to fill a void in the market. The campus includes independent living, assisted living and memory care apartments. …
FLORIDA — Blueprint Healthcare Real Estate Advisors has negotiated the sale of 18 skilled nursing facilities totaling 2,185 licensed beds in Florida. A public REIT sold the assets to an East Coast-based investor for an undisclosed price. The facilities range from 60 to 180 licensed beds with geographic clusters in South Florida, along the Gulf Coast and across North Florida. During the marketing process, the portfolio maintained an average 3.5 CMS-star rating, with 10 facilities rated four or five stars. Blueprint designed a targeted campaign highlighting the impact of Florida’s …
TUCSON, Ariz. — 12 Oaks Senior Living has taken over operations of Copper Canyon Memory Care & Transitional Assisted Living in Tucson. 12 Oaks intends to expand and enhance the service offerings at the community while restoring stability and planning for long-term growth. Copper Canyon augments four other senior living properties that 12 Oaks currently manages for the same ownership group.
DAYTON, Ohio — United Church Homes has unveiled plans for Longfellow Commons, a 126-unit active adult community targeting LGBTQ seniors in Dayton. The project will include the redevelopment of the former Longfellow School on Salem Avenue and ultimately comprise a new apartment building and shared community spaces on its two-acre campus CareSource, a nonprofit health plan and the Dayton area’s largest employer, recently donated $1 million to United Church Homes to support the development. The community will be the first senior living community of its kind in Dayton and only …
EAGLE, Idaho — The Pennant Group Inc. (NASDAQ: PNTG), the Eagle-based parent company of the Pennant group of affiliated home health, hospice and senior living companies, has initiated a search for a new chief financial officer. Pennant’s current CFO, Jennifer Freeman, will serve as interim CFO during the search process, after which Freeman will continue to play an important leadership role on the Pennant finance team. The reason for her role changing was not disclosed. The organization also announced that Derek Bunker, who serves as Pennant’s chief investment officer, executive …
CAMBRIDGE and LEXINGTON PARK, Md. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities located in Cambridge and Lexington Park, which are located on opposite sides of Chesapeake Bay southeast of Washington, D.C. A public REIT and its operating partner sold the 285-bed portfolio to an East Coast-based owner-operator for an undisclosed price. The sale is part of a larger portfolio with staggered closings.
OHIO and PENNSYLVANIA — VIUM Capital has arranged $26.3 million in debt fund financing and $63.1 million in balance sheet financing for the acquisition of nine assisted living communities in Ohio and Pennsylvania. The borrower is a Minnesota-based owner-operator, which has planned capital improvements at the 580-unit portfolio. Further details were not disclosed.
DALLAS — 12 Oaks Senior Living, a senior living management company based in Dallas, has promoted Eilleen Aldridge to vice president of 12 Oaks Solutions Consulting. In this role, she will be responsible for managing a team of consultants and setting the strategic direction for the division. Aldridge has more than 20 years of management, operations and team-building experience in her various roles during her career at 12 Oaks. As a consultant for 12 Oaks Solutions, she used her experience and expertise to support property management operations in the areas …