Author

Jeff Shaw

NewsPeople

Presbyterian Senior Living Names Paul Katz as Corporate Medical Director

by Jeff Shaw

DILLSBURG, Pa. — Presbyterian Senior Living (PSL), a nonprofit provider of retirement care services based in Dillsburg, has named Dr. Paul Katz as corporate medical director. Katz will fill the position previously held by Dr. Russel Breish, who is retiring. Katz has more than 15 years’ experience in geriatrics/post-acute care and long-term care medicine. Previous roles for Katz include chair of the department of geriatrics at the College of Medicine, Florida State University, and president of AMDA — The Society for Post-Acute and Long-Term Care Medicine. Prior to his appointment …

Continue Reading
0 FacebookTwitterLinkedinEmail
AlabamaDevelopmentIndependent LivingNews

KIRCO Opens 132-Unit Madison Crossings in Madison, Alabama

by Jeff Shaw

MADISON, Ala. — KIRCO has delivered and opened Madison Crossings, an independent living and memory care community in Madison, about 10 miles from downtown Huntsville. Phoenix Senior Living operates the community, which features an outdoor swimming pool, wellness center, dining experience, pub, beauty salon and spa, yoga studio, outdoor pickleball and bocce ball courts. Madison Crossings comprises 105 independent living apartments and 27 memory care residences. The property represents the 10th seniors housing facility in Alabama operating under the Phoenix Senior Living brand. KIRCO MANIX, a third-party construction services firm …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceIllinoisNewsSkilled Nursing

Walker & Dunlop Structures $57.6M in HUD-Insured Loans for Three Skilled Nursing Facilities in Illinois

by Jeff Shaw

PARK RIDGE, BRIDGEVIEW and ELGIN, Ill. — Walker & Dunlop Inc. has structured $57.6 million in HUD-insured loans for the refinancing of three skilled nursing facilities in Illinois. The first transaction consisted of a $15.6 million loan for Avantara Park Ridge, a 154-bed community in Park Ridge. Walker & Dunlop also arranged a $28.7 million loan for Moraine Court Supportive Living, a 185-bed community in Bridgeview, and a $13.3 million loan for Aperion Care Elgin, a 101-bed property in Elgin. Joshua Rosen of Walker & Dunlop led the origination team. …

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsOperationsPeople

EPOCH Senior Living Hires Kerry LeBlanc as Regional Director of Quality Assurance

by Jeff Shaw

WALTHAM, Mass. — EPOCH Senior Living, a Waltham-based operator, has hired Kerry LeBlanc as regional director of quality assurance for EPOCH Senior Living. LeBlanc will be responsible for providing clinical leadership and oversight to the wellness and operations teams in assisted living and memory care communities. She comes to EPOCH with 12 years of experience in senior living, most recently as a resident care director in the assisted living industry.

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaDevelopmentIndependent LivingNews

Revel Communities Opens Two Independent Living Properties in Scottsdale, Arizona

by Jeff Shaw

SCOTTSDALE, Ariz. — Revel Communities has completed construction of Revel Scottsdale and Revel Legacy, both independent living communities in Scottsdale. The properties are the 12th and 13th independent living communities the brand has opened since launching in 2018, and its first two in Arizona. Revel Scottsdale offers 157 units near the bustling shops and dining of Old Town Scottsdale, with rents starting at $3,695 per month. Revel Legacy offers 169 units among the mountain views of North Scottsdale with rents starting at $3,795 per month.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingMichiganNews

ESI Arranges Sale of Two Senior Living Communities in Michigan for $38.3M

by Jeff Shaw

DETROIT — Evans Senior Investments (ESI) has arranged the sale of two assisted living and memory care communities in the northern suburbs of Detroit. A regional owner-operator sold the assets to an operator looking to expand into Michigan for $38.3 million, or $314,000 per unit. With each community being built between 2019 and 2020, the properties were smaller in size, with fewer than 65 units at each community. This allowed for above-average performance during the COVID-19 pandemic. At the time of marketing the portfolio was 88 percent occupied and boasted …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsCompany NewsInvestmentNews

Investment Fund Endeavor Plans $500M in Seniors Housing Acquisitions

by Jeff Shaw

DENVER — Endeavor Senior Living has officially launched, with plans to invest $500 million into North American seniors housing assets with a focus on value-add opportunities. The principals of Endeavor encompass over 50 years of experience in seniors housing, behavioral health, real estate development and investments, capital markets, hospitality, branding, marketing and sales. “Building upon our deep perspective into investments, capital markets and operations, Endeavor is poised to capitalize on opportunities to better serve seniors today and for decades to come,” says Kyle Beard, co-founder and managing partner. “Rooted in …

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsPeople

MedCore Partners Hires 12 to Dallas-Based Team

by Jeff Shaw

DALLAS — MedCore Partners, a Dallas-based healthcare and senior living commercial real estate company, has hired 12 new employees. Amber Ashford brings experience in accounting, management, and business operations. Since joining, she has launched the company’s investor portal and is continuously working on partner initiatives to support MedCore with its extensive growth. Matt Batcher is an experienced senior accountant who began his career in public accounting as an auditor at BDO, where he gained exposure to a broad range of clients and technical accounting issues. This role expanded his knowledge …

Continue Reading
0 FacebookTwitterLinkedinEmail
FeaturesNewsOperations

Seniors Housing Operators See Rapid Rise in Online Leads and Universal Workers, Say InterFace Panelists

by Jeff Shaw

ATLANTA — Property managers rely on various tools and methods to boost occupancy at their seniors housing facilities. One common avenue is for operators to have reliable online lead generators that connect their sales teams to potential residents and their families. Digital platforms in the seniors housing space like A Place for Mom and Grow Your Occupancy are churning out such leads for sales teams, and operators are saying that it’s a double-edged sword because they are coming in at a rapid clip. “We love the leads but we have …

Continue Reading
0 FacebookTwitterLinkedinEmail
FeaturesNews

AAG Survey: Over 50% of Generation X Can’t Afford to Help Senior Parents

by Jeff Shaw

IRVINE, Calif. — Inflation and current economic conditions are creating problems for senior baby boomers, and new data from American Advisors Group (AAG) shows that those financial issues could become a problem for their Generation X children. To learn exactly how Gen X adult children are feeling about their parents’ financial state, AAG, an Irvine-based home equity solutions provider for seniors, conducted the Adult Children Survey. The survey was conducted on May 12 of this year, with over 1,500 participants ages 40 to 55 who have senior parents. “Americans want …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts