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Company NewsIllinoisNewsPeople

Kiser Group Launches New Seniors Housing Division

by Hayden Spiess

CHICAGO — Multifamily brokerage firm Kiser Group has launched a new seniors housing division. As part of the new division, industry veteran Mark Myers will join the firm as partner.  Myers brings more than 30 years of experience. Since 1995, he has closed more than 800 seniors housing transactions totaling over $12 billion.  “Mark is one of the most accomplished brokers in the seniors housing space and we’re excited to partner with him launching seniors housing brokerage at Kiser Group,” says Lee Kiser, principal and managing broker at Kiser Group. “His leadership …

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AcquisitionsCompany NewsNewsWashington

Transforming Age Acquires Culinary Consulting Vendor peace love food

by Hayden Spiess

BELLEVUE, Wash. — Nonprofit organization Transforming Age has acquired peace love food, a culinary consulting vendor that provides support to global food manufacturing companies, independent and national chain restaurants, the seniors housing and longevity industries, international airlines and the hospitality industry.  As part of the acquisition, peace love food founder Chef Laureen Herzig will join Transforming Age in the dual role of president of peace love food and vice president of culinary services, Transforming Age. Herzig brings more than 35 years of experience.  Since 2012, peace love food has collaborated with …

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Company NewsIllinoisNewsTechnology

Charter Partners With LifeLoop to Support Memory Care Program

by Hayden Spiess

NAPERVILLE, Ill. — Owner and operator Charter Senior Living has announced a new strategic partnership with LifeLoop, a senior living technology company.  Illinois-based Charter, which has a portfolio of 72 senior living communities, has deployed a LifeLoop resident engagement solution to support its Flourish Memory Care program for adults with Alzheimer’s and other forms of dementia.  Charter communities now use the 1N2L by LifeLoop solution, which offers cognitive care content and programming with more than 7,000 curated experiences.  “LifeLoop enables our community teams to deliver personalized enrichment programming at a scale …

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Company NewsFinanceFloridaNewsPeople

Locust Point Capital Closes $668M Fund, Appoints New President

by Hayden Spiess

MIAMI — Investment firm Locust Point Capital, which operates exclusively in the seniors housing and care sector, has closed its Locust Point Private Credit Fund III with $668 million in total capital commitments.  This marks a 56 percent increase over raise of the firm’s predecessor vehicle, which closed at $428 million.  According to Locust Point, Fund III will continue to execute the firm’s core strategy, which includes providing structured credit solutions to owner-operators of seniors housing communities.  “Having invested in the seniors housing industry for more than three decades, I believe …

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Active AdultColoradoCompany NewsDevelopmentNews

Headwaters Group Launches New Aspendale Active Adult Brand

by Hayden Spiess

DENVER — Headwaters Group, a Denver-based real estate owner and developer, has launched a new active adult brand.  Dubbed Aspendale, the brand will serve residents age 55 and older at a portfolio of communities across Colorado and the western U.S.  The current Aspendale portfolio comprises four communities scheduled to open between late 2025 and mid-2026. Located in Centennial, Colorado, Aspendale Centennial will total 200,000 square feet and 172 apartments. Now leasing, the property is scheduled to open in late 2025.  Aspendale Northglenn in Northglenn, Colorado, is also currently leasing and totals …

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Company NewsIowaNewsOperations

Nick, Dani Merlino Assume Leadership of Better Living

by Hayden Spiess

SOLON, Iowa — Nick and Dani Merlino have acquired and assumed leadership of Better Living, a senior living operator based in Iowa.  The pair, which brings 35 years of experience to the company, plans to rebrand Better Living, invest in enhanced team training and launch a “Better Days Memory Care” program.  Better Living currently operates 14 communities throughout Iowa, Minnesota and Wisconsin. 

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Company NewsNebraskaNewsPeople

Forrest Westin, Michael Pittore to Serve as Co-CEOs of Agemark

by Hayden Spiess

OMAHA, Neb. — Forrest Westin and Michael Pittore have been appointed as co-CEOs of owner and operator Agemark Senior Living. Westin and Pittore will assume their roles beginning June 1.  Current CEO Marty Hug will serve as executive chairman moving forward. Hug first joined the company as a community director in 1989.  Founded in 1983 by Westin and Pittore’s fathers, Agemark has grown to a portfolio of 28 communities across six states. The company recently entered into an agreement with National Health Investors to sell six of its properties in a …

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Company NewsMontanaNewsOperations

Stellar Senior Living Adds Two Montana Communities to Management Portfolio

by Hayden Spiess

HELENA and MISSOULA, Mont. — Stellar Senior Living, an owner and operator of seniors housing communities in the western United States, has added two properties to its management portfolio.  Located in Helena and Missoula, the communities include Helena Point and Missoula Valley. This marks Stellar’s first expansion into the state.  Stellar now operates 37 senior living properties across nine states. 

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Assisted LivingCompany NewsMemory CareNewsTennessee

American House, Curana Health Partner at 11 Communities Across Tennessee

by Hayden Spiess

SOUTHFIELD, Mich. — American House Senior Living Communities, a seniors housing owner and operator, has partnered with Curana Health at 11 of its Tennessee communities.  The collaboration provides on-site healthcare services to residents, including routine preventive primary care, illness appointments, 24-hour clinical support, care coordination and specialty appointment arrangement, chronic condition management, medication review and coordination of on-site phlebotomy and imaging.  Visits and services are covered by the patient’s health insurance and are billed by Curana.  Offering assisted living and respite care units, the properties include:  Each of the communities (with …

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Lucinda Baier
Company NewsNewsPeopleTennessee

Brookdale Announces Departure of CEO Lucinda Baier

by Hayden Spiess

BRENTWOOD, Tenn. — Brookdale Senior Living (NYSE: BKD) has announced that Lucinda (Cindy) Baier has stepped down as president and chief executive officer of the company, 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 …

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