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Industry Veteran Bill Pettit Launches Consulting Firm/Investment Fund Black Dog Capital Advisors with Son Billy

by Jeff Shaw

SEATTLE — Bill Pettit, who served as president of RD Merrill Co. for more than 30 years, has launched a new seniors housing consulting and investment firm with his son, Billy. The new company, Seattle-based Black Dog Capital Advisors, will focus on strategic consulting with senior living operators and capital sources. “Our focus will be on consulting with capital sources that have impaired communities coming out of COVID or are struggling with operating performance in their investments,” says Bill Pettit. “I expect we will work with their asset management teams as …

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Bridgewood Launches Aspenwood Management Company, Hires Heather Tussing to Lead

by Jeff Shaw

HOUSTON — Bridgewood Property Co. has officially launched The Aspenwood Company, an operator with a focus on the Southeast and Central U.S. Bridgewood has hired Heather Tussing as president of the new, Houston-based Aspenwood. She brings over 20 years of experience in operations, sales, compliance and marketing in senior healthcare services, most recently serving as both chief operating officer and vice president of sales for Morning Pointe Senior Living. “The formation of The Aspenwood Company with Heather’s highly respected leadership provides a strategic alignment of our current and future business,” …

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Green Street Real Estate Ventures Launches Chapters Living, Appoints Danny Stricker as President

by Jeff Shaw

ST. LOUIS — Green Street Real Estate Ventures is joining forces with Danny Stricker on the launch of owner-operator Chapters Living. The company will focus on assisted living and memory care communities at the start, with plans to expand to the active adult sector in the future. “I am blessed to launch this dream in partnership with a great organization in Green Street,” says Strciker. “Serving older adults and their families is my passion and with the talented team at Green Street as support, we have the opportunity to scale …

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Eagle Senior Living Completes Financial Restructuring, Emerges from Bankruptcy

by Jeff Shaw

WILMINGTON, Del. — American Eagle Delaware Holding Co. LLC and its subsidiaries, collectively known as Eagle Senior Living, have completed a comprehensive financial reorganization and exited the Chapter 11 bankruptcy process. The company has implemented its plan of reorganization, approved by the U.S. Bankruptcy Court for the District of Delaware. Eagle Senior Living has significantly reduced its debt service and enhanced its liquidity position, creating a stronger financial foundation, according to the Wilmington-based company. As part of the Chapter 11 process, Eagle Senior Living executed a transaction whereby Atlantis Senior …

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AcquisitionsCompany NewsNewsTechnology

Executive Home Care Acquires Assisted Living Locators

by Jeff Shaw

HACKENSACK, N. J., and SCOTTSDALE, Ariz. — Executive Home Care, a Hackensack-based in-home care provider with a wide range of service options and care programs, has acquired the Assisted Living Locators brand and franchise system. Assisted Living Locators is a Scottsdale-based franchise dedicated to helping seniors find the right living and care solutions. Backed by The Riverside Company, a private equity firm, Executive Home Care’s acquisition of Assisted Living Locators expands the company’s footprint in the senior care space. “The addition of Assisted Living Locators fits seamlessly with our business …

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iN2L + LifeLoop Names Navin Gupta as Chief Executive Officer

by Jeff Shaw

DENVER — iN2L + LifeLoop, a Denver-based senior living engagement, wellness and community operations platform, has named Navin Gupta as chief executive officer. Gupta will focus on furthering the combined organization’s mission to impact the aging experience in North America by accelerating its strategic growth. Lisa Taylor, iN2L’s CEO for the past four years, will remain involved as a strategic advisor. With more than two decades in healthcare, security and telecommunications, Gupta recently worked for the home health and hospice division at MatrixCare. He also spent decades leading product development …

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NewPoint Real Estate Capital Expands Seniors Housing Finance Solutions with Agency Loan Capabilities

by Jeff Shaw

WASHINGTON, D.C. — NewPoint Real Estate Capital, a Washington-based lender, has expanded its financing offerings to include seniors housing agency loans. The expansion comes as NewPoint has been designatnated as an approved Fannie Mae seniors housing lender and Freddie Mac Optigo seniors housing lender. NewPoint’s seniors housing agency platform offers fixed- and floating-rate loans with interest-only options and a variety of prepayment structures. Eligible properties include independent living, assisted living and memory care facilities, as well as facilities with a limited amount (maximum 20 percent of NOI) of skilled nursing. …

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AcquisitionsCompany NewsInvestmentNews

Investment Fund Endeavor Plans $500M in Seniors Housing Acquisitions

by Jeff Shaw

DENVER — Endeavor Senior Living has officially launched, with plans to invest $500 million into North American seniors housing assets with a focus on value-add opportunities. The principals of Endeavor encompass over 50 years of experience in seniors housing, behavioral health, real estate development and investments, capital markets, hospitality, branding, marketing and sales. “Building upon our deep perspective into investments, capital markets and operations, Endeavor is poised to capitalize on opportunities to better serve seniors today and for decades to come,” says Kyle Beard, co-founder and managing partner. “Rooted in …

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Pennant Group Acquires Ardent Hospice and Palliative Care

by Jeff Shaw

EAGLE, Idaho and SAN DIEGO — The Pennant Group Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, has acquired the assets of Ardent Hospice and Palliative Care. The San Diego-based company provides hospice and home health services in the Central Valley, Palm Springs, and San Diego. “This off-market acquisition opens the door to new service areas in Palm Springs and the Central Valley, and further strengthens our presence in San Diego,” says Brent Guerisoli, CEO of Pennant. …

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Blueprint Launches Behavioral Healthcare Advisory Group

by Jeff Shaw

CHICAGO — Blueprint Healthcare Real Estate Advisors, a Chicago-based brokerage firm focused on seniors housing and other healthcare real estate, has launched a behavioral health advisory group. Industry veteran Andrew Sfreddo will serve as head of behavioral healthcare, and fellow behavioral healthcare real estate veteran Shane Harmon will serve as senior director. In 2020, behavioral healthcare accounted for $90.5 billion of U.S. market value and is on track to reach $132.4 billion by 2027, a 5.3 percent compound annual growth rate, according to Blueprint. Blueprint attributes the rapid growth to …

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