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CarePredict Adds Former Sunrise Senior Living CEO Chris Winkle to Board of Directors

by Jeff Shaw

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 …

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Affordable HousingCompany NewsDevelopmentNews

Puget Sound Nonprofits Combine to Create New Affordable Housing Brand

by Jeff Shaw

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 …

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Ridgeline Management Moves Headquarters from Oregon to Texas

by Jeff Shaw

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.

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American Healthcare REIT Appoints Stephanie Keator, James Kim to Senior Vice President Roles

by Jeff Shaw

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 …

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AcquisitionsCompany NewsNews

Sabra, Sienna Complete $236.5M Acquisition of 11 Communities in Canada

by Jeff Shaw

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 …

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AcquisitionsCaliforniaCCRCCompany NewsNews

Welltower Buys Seven West Coast Communities for $344M

by Jeff Shaw

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, …

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Company NewsFinanceInvestmentNews

Kayne Anderson Real Estate Closes Latest Debt Fund Above Target at $1.9B

by Jeff Shaw

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 …

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CareTrust REIT Plans Transfer from Nasdaq to the New York Stock Exchange

by Jeff Shaw

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.

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Cushman & Wakefield Hires Zach Bowyer to Lead Valuation, Advisory Residential Practice Group

by Jeff Shaw

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 …

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CareTrust REIT Elects Careina Williams, Anne Olson as Directors

by Jeff Shaw

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), …

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