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, …
Company News
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.
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 …
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 …
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 …
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 …
DALLAS — Buckner Retirement Services, a nonprofit operator based in Dallas, has hired Ken Robbins to serve as interim president. Robbins will help a transition in leadership as the provider seeks a replacement for Charlie Wilson following his resignation as president. Wilson’s resignation is effective Aug. 31 after serving with Buckner for 24 years. Over the next three weeks, Wilson will work closely with Robbins to bring him up to speed on the organization and the seven Buckner senior living communities it operates. Jeff Gentry, executive vice president and chief …
Blueprint Brokers Sale of White Oak Management, Including Portfolio of 2,000 Skilled Nursing Beds
SPARTANBURG, S.C. — Blueprint Healthcare Real Estate Advisors has arranged the entity-level sale of White Oak Management, an operator with a portfolio of 15 skilled nursing facilities totaling more than 2,000 beds in North Carolina and South Carolina. Led by the Cecil Family, Spartanburg-based White Oak was originally founded in 1964 and has since expanded across the Carolinas. In addition to its 15 facilities, White Oak also owned and operated an ancillary pharmacy company dedicated to servicing the portfolio. The facilities enjoyed a demonstrated track record of strong profitability, with …
EAGLE, Idaho — The Pennant Group Inc. (NASDAQ: PNTG), the Eagle-based parent company of the Pennant group of affiliated home health, hospice and senior living companies, has increased its credit facility by $100 million to an aggregate of $250 million. The borrowings are supported by a lending consortium arranged by Truist Securities. The new facility expires on July 31, 2029. “This amended facility further strengthens our balance sheet, and together with our strong operating cash flow, creates significant dry powder for future growth,” says Brent Guerisoli, Pennant’s CEO. In addition …
Lifespark seeks to create a comprehensive healthcare system for seniors that takes wellness into account. By Jeff Shaw The executives at Lifespark want to make something extremely clear: It is not a seniors housing company. Seniors housing is simply one element in its larger plans to revolutionize healthcare for seniors. Based in the Minneapolis suburb of St. Louis Park, Lifespark has over 3,000 employees and serves over 30,000 seniors throughout Minnesota and Wisconsin. But that 30,000 number comes despite having only 3,256 seniors housing units. The rest are served through …