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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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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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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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