Tuesday, April 15, 2025
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Lucinda-Baier
Company NewsNewsPeopleTennessee

Lucinda Baier Steps Down as Brookdale CEO

by Hayden Spiess

BRENTWOOD, Tenn. — Lucinda (Cindy) Baier has stepped down as president and chief executive officer of Brookdale Senior Living (NYSE: BKD), effective April 13. According to Brookdale, the largest U.S. seniors housing operator based on the American Seniors Housing Association’s 2024 ASHA 50 rankings, the company entered into a separation agreement with Baier and has initiated a search for a new CEO. Baier also resigned from Brookdale’s board of directors.  Baier first joined the company in February 2018. Prior to becoming the CEO, she served as Brookdale’s chief financial officer.  “It has been …

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Doug-Korey
CaliforniaCompany NewsNewsPeople

Industry Veteran Doug Korey Retires

by Hayden Spiess

WESTLAKE VILLAGE, Calif. — Doug Korey, an industry professional with more than 40 years of experience in the seniors housing sector, has retired.  Most recently, Korey served as managing director of business development for LTC Properties. According to the company, Korey is departing to focus on his family and health.  A member of the American Health Care Association and the American Seniors Housing Association, he originated and structured billions of dollars in health care real estate transactions throughout his career and was engaged in the broader seniors housing and care landscape.  …

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AcquisitionsAssisted LivingCompany NewsMemory CareNew JerseyNewsOperations

Juniper, NHI Partner on 120-Unit Seniors Housing Property in Paramus, New Jersey

by Hayden Spiess

PARAMUS, N.J. — Juniper Communities, a senior living community owner and operator, has entered into a strategic partnership with National Health Investors (NHI). As part of the partnership, Juniper will operate Juniper Village at Paramus in Paramus on behalf of NHI, which recently acquired the community.  Totaling 120 units, the property features 98 assisted living residences and a 22-unit memory care wing. Juniper first assumed management of the property in February 2021.  “We are thrilled to continue our long-term commitment to Juniper Village at Paramus and partner with NHI,” says Lynne …

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Amy-Heller
Company NewsFinanceNew YorkNewsPeople

Amy Heller Joins Meridian Capital Group 

by Hayden Spiess

NEW YORK CITY — Amy Heller has joined Meridian Capital Group as a senior managing director with the firm’s senior housing and healthcare group.  Founded in 1991, New York City-based Meridian is a commercial real estate finance, investment sales and retail leasing advisor. Meridian serves as a financial intermediary for commercial seniors housing and healthcare properties in the U.S., covering both debt brokerage and investment sales across skilled nursing, seniors housing and medical office properties. In 2024, the firm originated a total of roughly $4.7 billion in healthcare-related debt financing for …

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3030-Park_Bridgeport-Conn
CCRCCompany NewsConnecticutNewsOperations

Senior Living Hospitality Group Assumes Management of Two Connecticut Communities

by Hayden Spiess

BRIDGEPORT and SOUTHBURY, Conn. — Senior Living Hospitality Group, a newly formed organization, has assumed management of two senior living communities located in Connecticut.  Watermark Retirement Communities previously operated the properties, which include 3030 Park in Bridgeport and East Hill in Southbury. A local team that previously operated as part of Watermark and which has overseen the two communities for many years formed the new organization.  All community employees will remain in their positions, according to a press release.  3030 Park is a continuing care retirement community (CCRC) with 196 independent …

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Shankh-Mitra
AcquisitionsCompany NewsNewsOhio

Welltower to Acquire Amica Senior Lifestyles Portfolio for C$4.6B

by Hayden Spiess

TOLEDO, Ohio — REIT Welltower Inc. is under contract to acquire a seniors housing portfolio located in Canada for C$4.6 billion ($3.2 billion). In addition to 38 ultra-luxury communities, the acquisition includes nine entitled development parcels. Ontario Teachers’ Pension Plan is the seller.  Located throughout neighborhoods in Toronto, Vancouver and Victoria, the communities include 31 in-place properties as well as seven communities under construction. Of the 31 in-place communities, 24 are stabilized, with seven recently opened properties still undergoing the lease-up process. The under-construction communities will be acquired upon the achievement …

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Danielle-Morgan
CaliforniaCompany NewsNewsPeople

Clearwater Living Promotes Danielle Morgan to CEO

by Hayden Spiess

NEWPORT BEACH, Calif. — Senior living developer and operator Clearwater Living has promoted Danielle Morgan to the role of chief executive officer with the company. Morgan, who joined Clearwater in 2017, has more than 30 years of experience in the financial services and senior living industries. Prior to joining Clearwater, Morgan held the role of chief operations officer of MBK Senior Living. She also serves on the board of directors for the California Assisted Living Association (CALA) and as a member of the executive board for the American Seniors Housing Association …

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AcquisitionsCompany NewsNew YorkNewsUtah

Apollo Agrees to Acquire Bridge Investment Group for $1.5B

by Hayden Spiess

NEW YORK CITY AND SALT LAKE CITY — Global alternative asset manager and private equity firm Apollo (NYSE: APO) has entered into an agreement to acquire Bridge Investment Group Holdings Inc. (NYSE: BRDG) in an all-stock transaction valued at approximately $1.5 billion. The deal is expected to close in the third quarter. Upon completion of the transaction, Bridge will operate as a privately held company, and shares of Bridge common stock will no longer be listed on the New York Stock Exchange. Bridge was ranked No. 21 on the American …

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Company NewsNewsOhioPeople

National Church Residences Appoints Chair of the Board, Vice Chair

by Hayden Spiess

COLUMBUS, Ohio — Nonprofit organization National Church Residences has appointed new leaders of its board. Both longstanding board members, Virginia Barney and Rob Maloney will serve as chair and vice chair of the board, respectively.  Barney succeeds Greg Overmeyer, who has served in the role since 2022. Barney’s experience includes more than 30 years of leadership in the private and public sectors, including tenures as the city manager, councilwoman and mayor of the City of Upper Arlington in Ohio.  “I’m looking forward to working with my board colleagues and the staff …

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Ken-Gould-Jason-Dopoulos
Company NewsFinanceNewsOhioPeople

Ken Gould, Jason Dopoulos Launch Ikaria Capital Group

by Hayden Spiess

CLEVELAND — Industry veterans Ken Gould and Jason Dopoulos have launched Ikaria Capital Group, a platform specializing in debt solutions including bridge loans, recapitalizations, refinancings, construction and permanent financing, FHA/HUD loans and working capital lines of credit.  Cleveland-based Ikaria will feature a focus on skilled nursing and seniors housing facilities. Currently, the Ikaria team is processing a more than $1 billion pipeline of bridge loans through FHA/HUD.  Gould and Dopoulos previously worked with Lancaster Pollard and White Oak Healthcare Partners, respectively. “We are dedicated to this sector and have specifically created …

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