WAYNE, Pa. — Specialty senior moving services provider Moves for Seniors has launched a safety-focused initiative to make fully vaccinated moving crews available to as many clients as possible. The Wayne-based company has fully vaccinated crews available in 50 markets to date, with ongoing efforts to add new markets weekly across the national network. “Our organization is purpose-built for seniors and a critical goal for us is customer safety,” says Chris Smith, founder and CEO of Moves for Seniors. “In 2020 and early 2021, our primary focus was on securing …
Company News
RALEIGH, N.C. — NIC MAP Vision, a provider of senior housing data and analytics, has partnered with financial analytics firm Trepp to improve the seniors housing industry’s access to CMBS financial data. Through their partnership, Trepp’s data adds depth to a platform that provides demand and occupancy data for the seniors housing industry in the United States. The NIC MAP Vision platform combines supply-and-demand data, while Trepp collects and maintains standardized loan, deal and property-level financial data as part of the Securities and Exchange Commission’s commercial mortgage-backed securities (CMBS) disclosure …
Capital Funding Group Promotes Erik Howard to Executive Managing Director of Business Development, Marketing
by Jeff Shaw
BALTIMORE — Capital Funding Group (CFG), a Baltimore-based lender, has announced an expansion from long-term care into the multifamily and seniors housing sectors. To help run the new divisions, CFG has promoted Erik Howard to executive managing director of business development and marketing. During his 17-year career at CFG, Howard has been involved with the financing of more than $7 billion of healthcare and multifamily assets. With the move into seniors housing and apartments, Howard and CFG expect that amount to double in the next three years. Along with the …
GASTONIA, N.C. — After 43 years as a leading advisor to senior living communities, Gastonia-based Spectrum Consultants is rebranding as Tandem Senior Living Advisors. The new moniker is executive creative director David Caudle’s creation, meant to illustrate how the firm partners with other like-minded companies and senior living advocates The rebranding and new name come following the company’s April acquisition of Holleran Consulting, a national community engagement research and consulting firm specializing in resident and employee surveys for senior living. The Holleran name and core business will remain intact. Tandem …
Eclipse Senior Living to Cease Operations in 2022 as Ventas Moves 90 Communities to Other Managers
by Jeff Shaw
CHICAGO and LAKE OSWEGO, Ore. — Eclipse Senior Living has announced plans to cease operations in early 2022 as its main landlord, Chicago-based Ventas, moves its 90 Eclipse-managed communities to other operators. Ventas cited a desire to move to more regional, middle-market operators with local expertise. The 20-state portfolio will be managed by eight different operators moving forward. “The transitions are designed to execute on the company’s seniors housing strategy that matches the right asset with the right market and the right operator,” a press release from Ventas stated. “The …
Homestead Cos. Launches Homestead Living, Bringing All Operations Divisions Under One Umbrella
by Jeff Shaw
COLUMBUS, Ohio —Homestead Cos. has launched Homestead Living, bringing its multifamily, student housing and seniors housing divisions under one company umbrella. Homestead Living will encompass the in-house management team that oversees the day-to-day operations and performance of student housing company Homestead U (HU), multifamily company Homestead America (HA) and the newest venture of active 55+ Homestead Senior Living (HSL). The company is based in Columbus. Laura Formica, former vice president of operations who led the student housing division for five years from 2012 to 2017 and rejoined the company as …
Sunrise Senior Living Appoints Mary Kay Gribbons as Chief Human Resources Officer, Maria Davlantes as Chief Marketing Officer
by Jeff Shaw
MCLEAN, Va. — Sunrise Senior Living has appointed Mary Kay Gribbons as chief human resources officer (CHRO) and Maria Davlantes as chief marketing officer (CMO). Gribbons brings more than 20 years of experience in human resources and operations across industries. Most recently, she served as the CHRO for Dean Foods, the largest dairy processor in the U.S. with $8 billion in revenue, more than 15,000 teammates and 70 plants. There she led a formal restructuring, developed programs to retain leaders and enhanced internal communication during a period of intense change. …
BOSTON — Boston Financial Investment Management has closed its Boston Financial Institutional Tax Credits 55 Limited Partnership (ITC 55), a $221 million Low Income Housing Tax Credit (LIHTC) fund. ITC 55 comprises 22 tax credit investments, with plans to finance more than 1,800 affordable housing units across 16 multifamily and six senior living communities. Nine institutional investors from the banking and insurance sectors participated in ITC 55, five of which were new investors with Boston Financial. Additionally, more than 30 percent of the development partners were nonprofit entities. The fund …
MARIETTA, Ga., and SAN MATEO, Calif. — Banko Design has acquired Warner Design Associates (WDA), a senior-living focused interior design firm based in San Mateo. The studio will be renamed Warner Design Associates – A BD Studio. Over the past 30 years, Cynthia and Mark Warner, the founders of WDA, built the interior design and procurement business in the senior living industry. Looking to pass the baton, WDA sought out Banko Design to take ownership of the company. Banko Design, a full-service interior design firm located in Marietta, will continue …
CHICAGO — Ventas Inc. (NYSE: VTR) and New Senior Investment Group Inc. (NYSE: SNR) have announced that New Senior stockholders have approved the previously announced merger agreement, under which Ventas will acquire New Senior as a subsidiary. Both companies are based in Chicago. The proposed $2.3 billion merger was announced in June. Approximately 99.8 percent of the votes cast were in favor of adoption of the merger. “We are pleased with the outcome of today’s special meeting and thank our stockholders for their support of the financially and strategically compelling …