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Mark-Myers
CaliforniaCompany NewsNewsPeople

Mark Myers Joins SVN SLA as Managing Director

by Hayden Spiess

SAN DIEGO — As of Jan. 1, Mark Myers has joined SVN Senior Living Advisors (SVN SLA) as a managing director. Myers will also serve as a member of the executive committee.  Myers joins an existing team that includes Tony Yousif, Torey Riso, Don Husi, John Klement, Joshua Salzman, Aaron Thompson, Jacob Bennema, Fabio Riso, Shelly Bird and Michael Watson. According to a press release issued by the firm, Myers specializes in large, complex transactions. He recently facilitated the sales of a 76-facility, 5,000-unit portfolio and a 400-bed portfolio.  “We’re thrilled …

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The-Landon_Dallas
Company NewsIllinoisNews

Ventas, Brookdale Reach Agreement on 120-Community Master Lease

by Hayden Spiess

CHICAGO — Real estate investment trust Ventas, which has a portfolio that features more than 800 seniors housing properties, has reached a new agreement with Brookdale Senior Living regarding the communities covered by the existing master lease between the two companies.  Previously set to expire Dec. 31, 2025, the master lease applies to 120 senior living communities. Earlier this month, Brookdale expressed its intent to allow the lease to expire.  Now, Brookdale will extend its lease on 65 of the communities for a 10-year term with a 38 percent cash rent …

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Brookdale-Senior-Living
Company NewsNewsTennessee

Brookdale Declines to Renew 120-Community Master Lease with Ventas

by Hayden Spiess

BRENTWOOD, Tenn. — Brookdale Senior Living, the largest seniors housing operator in the United States, has declined to exercise its right to renew an existing master lease with real estate investment trust Ventas.  Covering 120 seniors housing communities, the lease will remain effective through its current term, which ends Dec. 31, 2025. Annual cash rent under the master lease will total $113.6 million in 2025.  In a press release, Brentwood-based Brookdale indicated the portfolio has “historically generated significant negative cash flows.” Additionally, Brookdale stated that it is open to continuing discussions …

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Pam-Kessler_LTC-Properties
CaliforniaCompany NewsNews

LTC Properties Appoints New Co-Chief Executive Officers

by Hayden Spiess

WESTLAKE VILLAGE, Calif. — LTC Properties, a real estate investment trust that invests primarily in seniors housing and health care properties, has announced the appointment of two new co-chief executive officers, Pam Kessler and Clint Malin.  Kessler and Malin previously served as co-presidents of the company, with Kessler also acting as chief financial officer since 2007 and Malin holding the position of chief investment officer since 2004. The new appointments become effective Dec. 31 of this year.  Wendy Simpson, who has acted as LTC Properties CEO since 2007, will continue to …

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Company NewsFeaturesNew YorkNewsPeople

Perry Freitas Joins Lighthouse Capital as Managing Director of Originations

by Channing Hamilton

NEW YORK CITY — Lightstone Capital has hired industry veteran Perry Freitas as managing director of originations. In his new role, Freitas will lead the nationwide sourcing, structuring and originating of commercial real estate debt investments as part of Lightstone Capital’s growth strategy. Prior to joining Lighthouse Capital, Freitas spent the last two decades at Hudson Realty Capital, a New York City-based commercial real estate investment management firm, where he most recently served as a managing director. He was involved in over $4 billion in transactions and was directly responsible for originating, …

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Company NewsFloridaNewsOperationsPeople

Kristin Ward Departs AgeWell Solvere Living, Launches Austera Group Consultancy

by Channing Hamilton

NORTH PALM BEACH, Fla. — Kristin Ward, co-CEO and co-founder of seniors housing management firm AgeWell Solvere Living, plans to depart the North Palm Beach-based company. Ward will serve in her current role through to the end of the year and continue to collaborate with AgeWell Solvere as a strategic advisor in the future. Upon her departure, Ward will launch a new consultancy dubbed Austera Group. Ward also previously served as president and CEO of Solutions Advisors Group. 

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David Smart
CaliforniaCompany NewsNewsOperationsPeople

David Smart Named Executive Director of Ensō Village Seniors Housing Community in Healdsburg, California

by Channing Hamilton

HEALDSBURG, Calif. — David Smart has been named the new executive director of Ensō Village, a seniors housing community reserved for residents ages 60 and up in Healdsburg. Smart, who has more than two decades of experience in senior living and community management, will take on the role in January 2025. A collaborative initiative between the San Francisco Zen Center and The Kendal Corp., Ensō Village is a Zen-inspired Kendal Life Care Community, with a focus on mindful aging, sustainability and contemplative care.  “There are so many things about Ensō Village …

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Darrell Baltimore
Company NewsIllinoisNewsOperationsPeople

Covenant Living Communities Names New Chief Operating Officer​

by Channing Hamilton

SKOKIE, Ill. — Covenant Living Communities and Services — a nonprofit, faith-based senior living organization headquartered in Skokie — has hired Darrell Baltimore as chief operating officer.  In his new role, Baltimore will work closely with executive leadership at Covenant Living and with top leadership at each of the organization’s 20 communities across the country to guide operations such as dining services, facilities management, resident life, skilled nursing, assisted living and memory support. His official start date was Oct. 14. Baltimore has more than 25 years of experience in the field …

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CCRCCompany NewsNewsPeopleTexas

Mirador CCRC in Texas Names Chuck Childress Executive Director

by Channing Hamilton

CORPUS CHRISTI, Texas — Mirador, a continuing care retirment community in Corpus Christi, has hired Chuck Childress as executive director to succeed Deborah Nugent, who is retiring after serving 13 years at the helm. Mirador is part of the Methodist Retirement Communities (MRC), a not-for-profit service ministry that provides seniors housing and healthcare services in Texas to about 2,000 residents. His first day on the job was Sept. 30. Childress previously worked for MRC, serving on the organization’s central support services team, initially as senior vice president of operations before …

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Company NewsNewsPeople

LCS CEO Joel Nelson Announces Retirement Plan, COO Chris Bird to Take Reins

by Jeff Shaw

DES MOINES, Iowa — After nearly four decades in the senior living industry, LCS CEO Joel Nelson has announced his succession plan.  Nelson has led the Des Moines-based owner-operator since 2018, one of only four who have held the title since the company’s start in 1971. Chris Bird, LCS president and chief operating officer, will be promoted to president and CEO, effective Jan. 1.  Nelson will continue to serve chairman of the LCS board and as a member of the company’s investment committee. He will also complete his remaining term …

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