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Friendship Village CCRC Files for Chapter 11 Bankruptcy, Seeks Sale

by Jeff Shaw

SCHAUMBURG, Ill. — Friendship Village of Schaumburg, an independent continuing care retirement community (CCRC) in the Chicago suburb of Schaumburg, has filed for Chapter 11 protection through the U.S. Bankruptcy Court for the Northern District of Illinois and is seeking a sale. The community cites continued hardships from the COVID-19 pandemic. Debt on the community is largely through bond financing. The community will continue to operate as normal during the bankruptcy process. The sale process will be subject to the bankruptcy court’s oversight. Due to the large size of the …

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AcquisitionsCompany NewsNews

CBRE Acquires Appraisal Company Valuation & Information Group

by Jeff Shaw

CULVER CITY, Calif. — CBRE has acquired Valuation & Information Group (VIG), a Culver City-based provider of appraisal and market feasibility services for seniors housing and healthcare real estate throughout the United States. VIG provides valuation services for a wide variety of property types in the seniors housing and healthcare sectors, including independent living, assisted living, skilled nursing, medical office buildings, surgery centers, specialty hospitals and acute-care hospitals. In addition, the firm provides valuation services for HUD and conventional multifamily financing. VIG’s 23 employees will integrate with CBRE’s seniors housing …

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EPOCH Senior Living Names Laurie Gerber as Chairperson

by Jeff Shaw

WALTHAM, Mass. — EPOCH Senior Living has named Laurie Gerber, wife of the late EPOCH founder and CEO Larry Gerber, has been named the company’s chairperson. Laurie will work alongside the Waltham-based EPOCH management team. Larry founded the company in 1997. Under his leadership, the company grew significantly to include five Waterstone Senior Living communities and 11 Bridges by EPOCH memory care assisted living communities located throughout the Northeast. Larry died on March 25 at the age of 66. Laurie is an executive with over two decades of experience as …

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Grandbridge Veteran Allen McMurtry Retires Following 35-Year Career

by Jeff Shaw

CHARLOTTE, N.C. — Allen McMurtry, senior vice president of Charlotte-based Grandbridge Real Estate Capital and longtime seniors housing investment sales broker, has retired after 35 years. The Tampa, Florida native was an early entrant into the then-burgeoning seniors housing industry in 1987. Over the course of his career, McMurtry dedicated his work exclusively to the sale of seniors housing communities nationally, facilitating the sale over 200 properties across 35 states. In 1984, McMurtry was a land broker in the Tampa Bay area. After a few years of facilitating such sales, …

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Silverstone Senior Living Appoints Tami Cumings as Chief Operating Officer

by Jeff Shaw

DALLAS — Silverstone Senior Living has appointed Tami Cumings as chief operating officer. In this newly created position, Cumings will oversee asset management, property operations and sales and marketing for the company’s growing senior housing portfolio. With more than 25 years of executive-level experience in senior living, Cumings was most recently vice president of Caddis, where she oversaw the growth and operational relationships for the Heartis Senior Living brand. Prior to Caddis, she held executive-level positions at Arbor Co., Sunrise Senior Living, US Memory Care, A Place for Mom and …

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Pennant Group Appoints Lynette Walbom as CFO

by Jeff Shaw

EAGLE, Idaho — The Pennant Group Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, has appointed Lynette Walbom as chief financial officer. Before joining Pennant, Walbom was vice president of financial reporting and tax for Raising Cane’s Restaurants LLC, a national restaurant chain operating in 35 states, which more than doubled in size — based on number of restaurants and geographic footprint — during her tenure. At Raising Cane’s, she had broad responsibility for financial reporting, acquisitions, tax, accounting …

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AcquisitionsCompany NewsNewsTechnology

Uniguest Expands Senior Living Engagement Offering with Acquisition of Eversound

by Jeff Shaw

NASHVILLE, Tenn. — Uniguest, a Nashville-based digital engagement company, has acquired Eversound, a technology and content provider specializing in creating engagement for senior living communities. Founded in 2015 out of Cornell University’s eLab business accelerator, Boston-based Eversound now helps tens of thousands of older adults in over 1,000 communities live more socially connected lives. Eversound technology is known to reduce social isolation, slow cognitive decline and break down barriers common in a senior living environment. Eversound’s membership program provides advanced wireless headphones to increase accessibility for residents of varying levels …

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Enquire, Glennis Solutions, Sherpa CRM rebrand as Aline

by Jeff Shaw

LOUISVILLE, Ky. — Enquire, Glennis Solutions and Sherpa CRM, senior living software providers based in Louisville, have renamed the combined company as Aline, officially unifying the merger announced in October 2022 under a single brand. Aline now represents more than 5,700 senior living communities in the United States, Canada and United Kingdom. The company also launched www.alineops.com, a new website that will consolidate its web properties by fall of this year.

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Healthpeak Properties Appoints Kathy Sandstrom as Board Chair

by Jeff Shaw

DENVER — Healthpeak Properties Inc. (NYSE: PEAK) has appointed Kathy Sandstrom as independent chair of the board of directors. Sandstrom succeeds Brian Cartwright, who will continue to serve on the board as an independent director. “Regular rotation of board leadership promotes effective corporate governance and introduces fresh perspectives and energy to board processes,” says Cartwright. “After five years as chair, the time is right for that rotation.” The board comprises eight members with an average tenure of approximately seven years. Sandstrom has over 20 years of real estate finance and …

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Partner Valuation Advisors Hires Brian Chandler to Lead National Senior Housing Assignments

by Jeff Shaw

CHICAGO — Partner Valuation Advisors, a Chicago-based national commercial real estate valuation advisory firm, has hired Brian Chandler as senior managing director. Based in Raleigh, North Carolina, Chandler will lead the company’s seniors housing practice, focused on conducting appraisals, market studies, large portfolio engagements and consulting assignments for properties on a national basis. He will also be a member of the firm’s national leadership team. Since launching in September 2022, Partner Valuation Advisors has completed more than 700 valuations across 40 states with an aggregate commercial real estate value exceeding …

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