SAN CLEMENTE, Calif. — CareTrust REIT Inc. (NASDAQ: CTRE), a San Clemente-based REIT focused on senior living properties, has announced the pending transfer of its common stock from the Nasdaq Global Select Market (Nasdaq) to the New York Stock Exchange (NYSE). The company expects its common stock to begin trading on the NYSE at market open on May 23, 2022 under its current ticker symbol. The company’s common stock will continue to trade on Nasdaq until the transfer is complete.
BOSTON — Cushman & Wakefield has hired Zach Bowyer to lead the company’s Valuation & Advisory (V&A) Residential Practice Group in the United States. He will be based in Boston. Bowyer will collaborate with multifamily, co-living, subdivision, student housing and affordable housing V&A professionals to deliver Cushman & Wakefield’s spectrum of services. As both an executive leader and producer, he has experience in asset classes including hotels, seniors housing, healthcare/life sciences, manufactured housing and self-storage. Bowyer began his career in valuation nearly 20 years ago and has completed $75 billion …
SAN CLEMENTE, Calif. — CareTrust REIT Inc. (NASDAQ: CTRE), a San Clemente-based seniors housing REIT, has elected Careina Williams and Anne Olson to the company’s board of directors. The company also re-elected Gregory Stapley, executive chairman; Diana Laing, lead independent director; and Spencer Plumb, director. Williams will fill the remaining term of Allen Barbieri, who retired as a member of the board in March. Olson succeeds Jon Kline, who served on the board for nearly eight years. Olson currently serves as chief operating officer and secretary of Centerspace (NYSE: CSR), …
CHICAGO — Jeffrey Davis, the founder and CEO of Chicago-based seniors housing capital markets firm Cambridge Realty Capital, has passed away. He was 69 years old. While the company said the death was sudden, details were not disclosed. Davis’ passion for business began early in his life, and he channeled it into his studies at the University of Illinois, where he graduated with a degree in finance. He went on to pursue a graduate degree in real estate investment analysis and appraisal from the University of Wisconsin in 1976. Upon …
DALLAS — Sonida Senior Living Inc. (NYSE: SNDA), an operator based in Dallas, has hired Howard Garfield and Debbie Milligan as chief accounting officer and director of financial reporting. Most recently, Garfield was senior vice president, finance, treasurer and chief accounting officer for CorePoint Lodging Inc., a publicly traded real estate investment trust (REIT) with a geographically diverse portfolio. Prior to that, he served as the chief financial officer and chief accounting officer for Monogram Residential Trust for nearly a decade. Milligan also hails from CorePoint Lodging Inc. where she …
NEWTON, Mass. — AlerisLife Inc. (NASDAQ: ALR), a publicly traded operator based in Newton, has named Jeff Leer as interim president and chief executive officer. Leer has served as executive vice president, chief financial officer and treasurer of ALR since 2019 and will continue these responsibilities. He succeeds Katie Potter, who resigned as president and chief executive officer effective April 30. The reason for Potter’s resignation was not released. ALR also announced that its board of directors has engaged the healthcare consulting group of Alvarez & Marsal (A&M) to conduct …
United Church Homes grows to be one of the largest nonprofit providers while keeping true to its century-old roots in compassionate care. By Jeff Shaw At 106 years of age, United Church Homes (UCH) is still trying to operate by its founding mission. The nonprofit organization began as a faith-based ministry responding to the needs of aging members of local congregations in the Toledo area. From a historical perspective, it was a tumultuous time in 1916. Anti-German sentiment during World War I led to discrimination against some of the congregations …
DENVER and OMAHA, Neb. — iN2L, a Denver-based digital engagement company serving the senior living market, has acquired LifeLoop, an Omaha-based resident engagement platform that encourages communication between residents, staff and family members. The buyer hopes LifeLoop’s suite of communication, experience and operational tools will help build healthy workplaces and communities that support the overall happiness, satisfaction and well-being of both residents and staff. Today, amid mounting caretaker burnout, the industry’s staffing crisis continues unabated, further exacerbating existing operational and occupancy challenges. According to the National Center for Assisted Living, …
ST. LOUIS — EmpowerMe Wellness, an integrated healthcare provider serving more than 450 senior living communities nationwide, has named Dr. Jody Mitchell as chief medical officer. Based at EmpowerMe’s headquarters in St. Louis, Mitchell will oversee and manage clinical practices, focus on staff development for field clinicians, and utilize the most current research and practices to provide better outcomes for residents of senior living communities nationwide. Mitchell has been with Owensboro Health in Owensboro, Kentucky, since 2012, most recently as medical director of outpatient services and medical director of athletic …
DALLAS — Sonida Senior Living Corp. (NYSE: SNDA), a Dallas-based owner-operator, has appointed Kevin Detz as chief financial officer. Detz joins Sonida from Aimbridge Hospitality, a third-party hotel management company. Over eight years at Aimbridge Hospitality, Detz served in multiple roles. From January 2020 to April 2022, Detz served as executive vice president and operational chief financial officer, where he was responsible for leading the company’s corporate and operational accounting and reporting functions. There, he transformed the company’s back-office services into a profitable professional services platform and reorganized the corporate …