SEATTLE and TOLEDO, Ohio — Merrill Gardens, a Seattle-based owner-operator, has formed a joint venture with ReNew, a Toledo-based REIT. The two companies will co-own 26 of the 28 seniors housing properties that ReNew is acquiring from New Senior Investment Group.
Acquisitions
EASLEY, S.C., RICHMOND HEIGHTS, Ohio, and NORTH CHANDLER, Ariz. — Frontline Management, in a joint effort with Onelife Investments, has acquired three continuing care retirement communities (CCRCs) totaling 782 units of independent living, assisted living, memory care and skilled nursing.
Merrill Gardens Rehires Tana Gall as President, Acquires Her Operations Company Blue Harbor
by Jeff Shaw
SEATTLE, Wash. — Merrill Gardens has named Tana Gall president of the Seattle-based owner-operator, replacing David Eskenazy who recently announced his retirement. Gall will lead the company in all aspects of operations when she takes over leadership responsibilities at the end of the year.
New Senior Agrees to Sell Entire Assisted Living Portfolio for $385M, Focus Solely on Independent Living
by Jeff Shaw
NEW YORK CITY — New Senior Investment Group Inc. (NYSE: SNR), a New York-based seniors housing REIT, has agreed to sell its entire assisted living and memory care portfolio for $385 million. The portfolio comprises 28 properties across 14 states totaling 2,840 units. The deal will leave the company with 102 independent living properties and one continuing care retirement community.