SKOKIE, Ill. — Continuing care retirement community (CCRC) operator Covenant Retirement Communities has promoted Terri Cunliffe to the position of chief executive officer.
KATY, Texas — The Orchard Assisted Living & Memory Care, a 69,000-square-foot community on 4.5 acres in Katy, recently held its grand opening.
OVERLAND PARK, Kan. — Charlotte, N.C.-based investment firm Falfurrias Capital Partners has purchased an equity stake in seniors housing marketing and advertising agency GlynnDevins.
NEW YORK — New Senior Investment Group Inc. (NYSE: SNR) has entered into an agreement to acquire a 28-property portfolio of private-pay, independent living senior housing properties from affiliates of Holiday Retirement for approximately $640 million.
BRENTWOOD, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD) has announced that Mark Ohlendorf, the company’s president and chief financial officer, will transition from his current dual roles to focus fully on his role as president. The company also announced that Gregory Richard, the company’s chief operating officer, will step down effective Sept. 30.
MATTHEWS, N.C. — Erickson Living, a developer and manager of continuing care retirement communities (CCRCs), has started construction on the sales center at Windsor Run CCRC in Matthews. The building is the first to be constructed for the CCRC currently under development, and is expected to open in late 2015.
MEMPHIS, Tenn. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Legacy Assisted Living & Independent Living in Memphis for $9.99 million.
BURLINGAME, Calif. — Sunrise Senior Living will open its newest community — Sunrise of Burlingame near San Francisco — on June 29, marking the 40th community in California for the owner/operator.
IRVINE, Calif. — Paul Gallagher has resigned from his position as executive vice president and chief investment officer of real estate investment trust HCP Inc.
SAN DIEGO, Calif. — California-based real estate firm Merrill Commercial Real Estate Inc. has arranged the sale of Golden Living of Point Loma in San Diego for $5.13 million.