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Commonwealth Senior Living Promotes Earl Parker to CEO, Michelle Hamilton to COO

by Jeff Shaw

CHARLOTTESVILLE, Va. — Commonwealth Senior Living, a Charlottesville-based operator, has promoted Earl Parker to CEO. The move is part of a planned transition. The former CEO, Richard Brewer, will stay on as chairman. Michelle Hamilton, formerly senior vice president of operations, was also promoted to fill Parker’s previous role as chief operating officer. Brewer founded the company in 2002 and led the company’s growth from three to 33 communities over the last 19 years. “Since I joined the company in 2013, Commonwealth has grown considerably into one of the largest …

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New Senior Elects Frances Aldrich Sevilla-Sacasa to Board of Directors

by Jeff Shaw

NEW YORK CITY — New Senior Investment Group Inc. (NYSE: SNR) has elected Frances Aldrich Sevilla-Sacasa as an independent director to the company’s board of directors. “Frances, a seasoned financial services executive and experienced investor, will bring tremendous value to New Senior,” says Susan Givens, president and CEO of New Senior. “She joins the board with extensive experience in real estate, financial services and banking. In addition, her significant public company board expertise will bring additional depth.” Aldrich Sevilla-Sacasa is a private investor and was CEO of Banco Itaú International, …

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Blueprint Hires Alex Florea to Lead New Capital Markets Practice

by Jeff Shaw

CHICAGO — Blueprint Healthcare Real Estate Advisors has launched a new capital markets practice, hiring Alex Flora to lead the new department as head of capital markets. The new practice seeks to provide creative debt and equity solutions including capital raising, capital structure advisory and capital markets consulting to the private-pay seniors housing industry. With a decade-long career in the seniors housing industry, Florea has background in capital markets, acquisitions and dispositions at REITs, operators and now a brokerage firm.

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Company NewsNewsPeopleTechnology

Sentrics Adds Industry Thought Leader Bob Kramer to Advisory Council

by Jeff Shaw

CHICAGO — Sentrics, a Chicago-based technology company serving seniors housing, has added Robert Kramer to its Advisory Council. Kramer is the co-founder and former CEO of the National Investment Center for Seniors Housing & Care (NIC). Broadly recognized as one of senior living’s most influential and high-profile thought leaders, Kramer joins a group of leaders providing the Sentrics management team guidance and insight about the trends impacting the services and care in senior living. Kramer, who launched Nexus Insights in 2020, offers new ideas about how to rethink aging and …

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Company NewsNewsPeopleTechnology

OneDay Technology Platform Hires Allegro Executive Eric Varin

by Jeff Shaw

DALLAS — OneDay, a Dallas-based technology company offering video storytelling within senior living communities, has hired Eric Varin as vice president of client success and Victoria Repice as vice president of product. The company also promoted Deena Naccarella from vice president of finance to chief financial officer and Carter Severns from director of marketing to vice president of marketing. Varin and Repice bring OneDay to 14 new hires in the last year, which are in response to OneDay’s growth. In 2020 alone, the company increased its customer base by more …

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AcquisitionsCompany NewsNewsTechnology

Private Equity Firm Thoma Bravo Acquires Software Company RealPage for $10.2B

by Jeff Shaw

CHICAGO and RICHARDSON, Texas — Chicago-based private equity firm Thoma Bravo has acquired RealPage (NASDAQ: RP), the Richardson, Texas-based provider of property management software, in a deal valued at $10.2 billion. The price tag includes the assumption of the debt of RealPage, which was founded in 1998 and serves owners worldwide, including seniors housing. Under the terms of the agreement, RealPage stockholders will receive $88.75 in cash per share of RealPage common stock upon closing of the transaction. The purchase price represents a premium of 30.8 percent over RealPage’s closing stock …

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Mathew Dougherty to Take Over as President of McShane Construction Co. Following Retirement of Jeffrey Raday

by Jeff Shaw

ROSEMONT, Ill. — After serving as president of McShane Construction Co. for 22 years, Jeff Raday will retire at the end of the year. Upon Raday’s retirement from the firm, Mat Dougherty, executive vice president at McShane, will transition into the president’s role. “We have been planning this transition for quite some time,” says Raday. Raday joined the firm in October 1996 as vice president and was promoted to president in March 1998. Under his leadership, the firm broadened its project portfolio and diversified geographically, expanding into new markets across …

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Sabra Health Care REIT Appoints Clifton Porter to Board of Directors

by Jeff Shaw

IRVINE, Calif. — Sabra Health Care REIT Inc. (NASDAQ: SBRA) has appointed Clifton J. Porter II to its board of directors. Porter currently serves as senior vice president of the American Healthcare Association/National Center for Assisted Living (AHCA/NCAL), where he is responsible for leading and executing the association’s policy and legislative agenda impacting both the skilled nursing and assisted living sectors. Porter has over 31 years of experience in the long-term care profession, starting in operations as an administrator in training in 1989, ultimately leading to the oversight of multiple …

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Active AdultCompany NewsDevelopmentNews

Industry Veterans Launch New Development Company

by Jeff Shaw

BOISE — A team of senior living industry veterans have launching Wellness Enhanced Lifestyle Living, a new senior living development company based in Boise. The company’s leadership team includes Dave Mazurek, formerly founder of Sterling Bay’s senior living platform and part of Ventas’ development team; Mandy Serrano, formerly with Holiday Retirement, Avamere and Atlas; and Haller, who most recently served as Avamere’s chief development officer and founder of Ovation and Point Development Co. Collectively, the team has developed in 39 states with a total transaction resume of $6.8 billion in …

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NAI Earle Furman, Pulliam Investment Merge Operations, Focus on Seniors Housing

by Jeff Shaw

GREENVILLE AND SPARTANBURG, S.C. — Commercial real estate services firm NAI Earle Furman has merged operations with Pulliam Investment Co., a real estate owner and developer. Pulliam Investment is based in Spartanburg, S.C., and has been in business since 1970. Terms of the merger were not disclosed. Under the new partnership, John Easterling, CEO of Pulliam Investment, will focus on expanding NAI Earle Furman’s seniors housing division and growing the firm’s investment platform. Easterling is the past chairman of the Spartanburg County Transportation Committee and chairman of the City of …

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