Northstar Realty Finance (NYSE: NRF) has acquired 32 independent living communities from Harvest Facility Holdings LP, according to a recent Northstar SEC filing. Harvest does business as Holiday Retirement.
DALLAS — Dr. Diana Kerwin, a geriatrics and cognitive disorders specialist, has been named medical director for the memory care program at Presbyterian Village North, a Dallas seniors housing community.
Care Investment Trust has acquired six communities throughout the Northeast from The Hollinger Group for $54.5 million in a transaction brokered by Senior Living Investment Brokerage.
DENVER — Arbor Commercial Mortgage LLC, a New York-based commercial real estate lender, has appointed Ben Truitt as director of FHA in the company’s Denver office.
DALLAS —Stroud Development and Stroud Investments, in a joint venture with Orchard Park Senior Living, have sold four assisted living and memory care communities in the Houston, Odessa and Austin markets to ROC Seniors Housing Fund Manager. The sale, valued at over $70 million, was financed using the HUD 232 debt program.
ALEXANDRIA, Va. — The Assisted Living Federation of America (ALFA), a seniors housing advocacy group, will establish a separate, independent credentialing organization to operate and govern industry certification and certificate programs.
WEST POINT, Pa. — Senior living provider ACTS Retirement-Life Communities has unveiled a multi-year strategic plan to renovate and reposition its portfolio of continuing care retirement communities (CCRCs). The renovations are expected to total approximately $300 million over the next three years.
PORT ROYAL, S.C. – Big Rock Partners, a real estate investment management and development firm, and joint venture partner Millennium Real Estate Group LLC plan to begin construction in early 2016 on a $25 million upscale senior living rental development in Port Royal, just minutes from Hilton Head Island in South Carolina’s Lowcountry region.
For the fourth consecutive year, Justin Hutchens has made Forbes lists of America’s Most Powerful CEOs 40 and Under, ranking 13th this year. Hutcens is CEO and president of National Health Investors Inc. (NYSE: NHI), a real estate investment trust specializing in seniors housing and medical properties.
CHICAGO — Ventas Inc. (NYSE: VTR), a seniors housing and healthcare REIT, has signed a definitive agreement to acquire Ardent Medical Services Inc. for $1.75 billion in cash. Ardent Medical, a subsidiary of Nashville-based Ardent Health Services, is one of the 10 largest for-profit hospital firms in the United States. The privately owned Ardent Medical will be entitled to distribute up to $75 million in excess cash to its existing shareholders as part of the transaction.