WASHINGTON, D.C. — The American Seniors Housing Association (ASHA), a D.C.-based association serving operators, has promoted Meghan “Megs” Bertoni to director of member services and Sheffield “Sheff” Richey to director of government affairs. Bertoni joined ASHA in 2015 and has served as manager of member services, focusing on meetings-related support, managing ASHA’s website and numerous publications, and special projects such as the annual ASHA 50, Seniors Housing State Regulatory Handbook and State of Seniors Housing. She will continue to be involved in these activities and will also lead efforts to …
WEST LINN, Ore. — After Insight Senior Living and Link Development partnered to create the newly formed brand Ativo Senior Living, the two companies decided to further deepen their relationship by having Link Development’s CEO, Ron Ziebart, join Insight Senior Living as an ownership partner. Before beginning Link Senior Development in 2012, Ziebart developed numerous seniors housing projects and brings experience as a developer, owner and operator within the full spectrum of seniors housing property types. Ziebart has more than 40 years of experience in various development capacities including more …
PLANO, Texas, and NORTH BETHESDA, Md. — NewPoint Real Estate Capital LLC, a Plano-based finance company, has acquired North Bethesda-based Housing & Healthcare Finance (HHC Finance), including its FHA multifamily and healthcare origination business and its loan servicing portfolio. With a specialized focus on healthcare and seniors housing lending, HHC Finance will augment NewPoint’s existing suite of agency lending solutions. HHC Finance founders Erik Lindenauer and Rich Lerner will join NewPoint as co-presidents of the FHA housing business unit and lead the integration of HHC Finance’s team of approximately 50 …
FORT WASHINGTON and LANCASTER, Pa. — Acts Retirement Services and Willow Valley Communities, two of the nation’s largest not-for-profit senior living organizations, have entered into a strategic alliance. Acts, which is based in Fort Washington, will serve as sole corporate sponsor and manager for Lancaster-based Willow Valley Communities. Both headquarters are in the greater Philadelphia area. Willow Valley Living CEO John Swanson will step aside from management oversight to focus entirely on future development of Willow Valley Communities properties. All other current Willow Valley Communities leadership will remain in place …
BONITA SPRINGS, Fla. — Discovery Senior Living and Ventas have announced the rebranding of 19 former Elmcroft Senior Living communities. Management functions for the communities, which are located in multiple states, were transferred from prior operator Eclipse to Discovery, while Ventas will retain ownership of each. The move results in the TerraBella regional brand name’s transformation into a second, formal, regionally focused, wholly owned subsidiary management company for Discovery, and also gives rise to two newly created regional brands, SummerHouse and Seaton. Of the 19 communities, 13 were rebranded under …
TOLDEO, Ohio — Welltower Inc. (NYSE: WELL), a Toldeo-based REIT and the largest owner of seniors housing in the United States, has extended its 2021 spending spree by agreeing to acquire four seniors housing portfolios for a combined total of $1.3 billion. Welltower has invested $5.6 billion in acquisitions and developments since October 2020. Highlights include the acquisition of 86 Holiday Retirement communities for $1.6 billion and the acquisition of 22 properties in Ohio and Illinois totaling over 1,000 units. “Since pivoting to offense 13 months ago, Welltower is pleased …
GREENSBORO, N.C. — Blackford Capital has acquired ID Collaborative Inc. (IDC), an interior design firm that specializes in continuing care retirement communities. Terms of the deal were not disclosed. The deal is Blackford’s third in the commercial interior design industry in 2021, following the acquisition of Georgia-based Design Environments and the merger of Vertically Integrated Projects and Boston Trade Interior Solutions. “We are aggressively executing against our strategic plan to address the highly fragmented interior design and procurement industries to better serve our customers and the industry as a whole,” …
DALLAS— Capital Senior Living Corp. (NYSE: CSU), an owner-operator of senior living communities across the United States, has closed the previously announced financing transactions with Conversant Capital and has raised a total of $154.8 million, including aggregate gross proceeds of approximately $34 million from a common stock rights offering. With the closing of the transaction, the company’s board of directors has been reconstituted. Noah Beren, Benjamin Harris, Dave Johnson, Max Levy, Shmuel Lieberman and Elliot Zibel will join the board, effective immediately. Philip Brooks, Jill Krueger and company CEO Kimberly …
CLEVELAND — Cleveland-based KeyBank Real Estate Capital, the commercial real estate business unit of KeyCorp (NYSE: KEY), has established a new unitranche loan program with Toledo-based Welltower Inc. The healthcare real estate fund will total $750 million in lending capacity and will provide first mortgage financing on seniors housing and skilled nursing facilities. A unitranche loan blends senior and junior debt pricing and terms into a single first lien debt facility rather than creating two classes of debt and coordinating among multiple lenders. This approach increases certainty of execution, and …
MESA, Ariz. — Thoma-Holec Design has hired interior designer Lisa Warnock as principal at the Mesa-based firm. Warnock will lead the launch of the new Northwest Studio in Portland, Oregon, specializing in senior living, multifamily and hospitality design. Warnock has over 20 years of experience in the senior living, multifamily and hospitality sectors. She was previously principal and director of housing interiors at LRS Architects. Warnock earned her bachelor’s degree in interior design at Marylhurst University. In addition to her design work, Lisa is a member of the Illuminating Engineering …