MIAMI — Drive Development Partners, a boutique development advisory and construction management firm, has merged with Lloyd Jones, a real estate investment firm. Both companies are headquartered in Miami. Drive, which specializes in senior living and multifamily developments, matches Lloyd Jones’ current $1 billion portfolio which consists primarily of those two asset types. Drive’s managing partner in Florida, Michael Hass, will assume the role of senior vice president of development, design and construction at Lloyd Jones. The company currently has one ground-up senior living development under construction in Florida and …
ALEXANDRIA, Va. — Goodwin House Inc., a nonprofit, faith-based senior living and healthcare services organization based in Alexandria, is rebranding as Goodwin Living. The new brand name better reflects the organization’s mission and a significant increase in its support of older adults through home- and community-based services delivered beyond its senior living campuses, according to the company. “For 55 years, ‘Goodwin House’ has been our name and the brand by which we have grown our mission to support, honor and uplift the lives of older adults and those who care …
ALBANY, Ore. — Greatness Digital, a marketing agency located in Albany, has announced the official pivot toward the senior care and senior living industries. “The approach that we take requires us to really get to know our clients and their business, but we were stretching ourselves too thin to really be great in every industry, so we decided to focus on our roots, our passion,” says founder Zeth Owen. Owen spent 10 years of his career working with seniors and their families. “The agency first came into being because senior …
FORT LAUDERDALE, Fla. — CarePredict, a Fort Lauderdale-based digital health company focused on senior living, has added Chris Winkle to its board of directors. Winkle most recently led Sunrise Senior Living for over seven years as its CEO and COO. Sunrise operates 280 senior living communities in the U.S. and Canada. Previously, Winkle was the CEO of MedQuest and Mariner Healthcare in the diagnostics and post-acute industries. Winkle is currently on the board of Direct Supply. He served till recently on the board of Argentum, a national trade association representing …
BELLEVUE, Wash. — Three Puget Sound-based nonprofits have come together to create CIRC, a new brand that provides affordable housing and services to seniors and families. Sustainable Housing for Ageless Generations (SHAG), the Community Life Foundation (CLF) and Downtown Action to Save Housing (DASH) have joined forces to create CIRC. All three organizations are longtime leaders in affordable housing and resident services in Puget Sound. Each component brings different expertise to the new brand, positioning CIRC to provide both housing and services to a wide range of residents. CIRC will …
ROCKWALL, Texas — Ridgeline Management Co. has moved its home office from West Linn, Oregon, to Rockwall, Texas. Ridgeline expects this move to allow them to better serve their expanding portfolio, especially in Texas. “Transitioning our home office is just one part of Ridgeline’s recent steps to reorganize our resources in an effort to become more competitive and more nimble in the market,” says Tod Murray, chief operating officer.
IRVINE, Calif. — American Healthcare REIT Inc., a self-managed, publicly registered REIT based in Irvine, has appointed Stephanie Keator as senior vice president of asset management medical office and James Kim as senior vice president of tax. In her new role, Keator oversees all medical office buildings within the eastern region of American Healthcare REIT’s portfolio. She joins the company from Ventas (NYSE: VTR), where she served as director of asset management for the west region. Keator previously served in a similar capacity with Nationwide Health Properties Inc. prior to …
IRVINE, Calif. — Sabra Health Care REIT (NASDAQ: SBRA) and Sienna Senior Living (TSX: SIA) have completed their joint-venture acquisition of 11 seniors housing communities in Canada. The properties are located in the provinces of Ontario and Saskatchewan. The buyers paid CA$307.5 million (US$236.5 million). Sabra and Sienna acquired the portfolio through a newly formed 50/50 joint venture, with Sienna also acting as the operator. The predominantly independent living portfolio consists of mostly newer construction with an average age of six years, which positions it to capture demand growth across …
TOLEDO, Ohio — Welltower Inc. (NYSE: WELL) has expanded its strategic partnership with Oakmont Management Group, a West Coast operator of Class A seniors housing communities. Welltower agreed to purchase seven senior living communities, subject to customary closing conditions, which Oakmont will operate under a RIDEA contract. The seven properties are located in affluent markets in California and include four rental properties and three continuing care retirement communities (both entry fee and rental), including Fountaingrove Lodge, the nation’s first LGBTQ-focused CCRC. The portfolio has geographic overlap with Welltower’s current footprint, …
BOCA RATON, Fla. — Kayne Anderson Real Estate, the real estate investment arm of private equite firm Kayne Anderson Capital Advisors, has closed its latest at an oversubscribed level of nearly $1.9 billion. The fund, Kayne Anderson Real Estate Debt IV (KARED IV), is run through the company’s debt platform KA Real Estate Debt. The fundraise, having received strong support from a diverse group of existing and new investors, surpassed its original target of $1.5 billion. KARED IV seeks to generate risk-adjusted returns in structured real estate finance, leveraging KA …