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Welltower to Transition 89 Holiday Properties to New Operators

by Jeff Shaw

TOLEDO, Ohio — Welltower (NYSE: WELL), a Toledo-based REIT that is the largest owner of seniors housing in the country, has announced plans to transition a portfolio of 89 Holiday by Atria properties to new operators. Welltower acquired the bulk of the properties in 2021 as part of Atria Senior Living’s acquisition of former independent living giant Holiday Retirement, which at the time represented the seventh-largest seniors housing operator buying the third-largest. The American Seniors Housing Association, which tracks the 50 largest U.S. owners and operators of seniors housing annually, reports …

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Distinctive Living Acquires Validus Senior Living Management, Expands Footprint in Southeast

by Katie Sloan

FREEHOLD, New Jersey and TAMPA, Fla. — Distinctive Living, a New Jersey-based seniors housing operator and developer that is expanding nationally, has acquired Validus Senior Living Management, a Tampa, Florida-based operator.  Headquartered in Freehold, N.J., Distinctive Living currently operates 46 communities and has 14 under development via its development services platform, Distinctive Living Development LLC. More specifically, the company operates and is developing active adult, assisted living, independent living, and memory care communities throughout the country. Validus is an owner, operator and third-party manager of senior living communities throughout the Southeast. …

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HealthSignals Secures Telehealth Agreement with Premier Inc.

by Jeff Shaw

KING OF PRUSSIA, Pa. — HealthSignals, a King of Prussia-based tech company, has signed a national group purchasing agreement for telehealth with Premier Inc.  The agreement allows Premier members to benefit from specially negotiated pricing and terms for Wi-Fi, cellular boost, dedicated internet access, fixed wireless and other telecommunications services, improving wireless infrastructure and facilitating telehealth and telemedicine applications.

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Lutheran Senior Services, Diakon Agree to Merger, Creating 12th Largest Seniors Housing Nonprofit Nationally

by Jeff Shaw

ST. LOUIS and MIDDLETOWN, Pa. — Lutheran Senior Services (LSS), a faith-based, nonprofit operator based in St. Louis, has agreed to merge with Diakon Lutheran Social Ministries, a Middletown-based nonprofit operator. The agreement will bring Diakon’s senior living operations and four life plan communities under LSS management and form the 12th largest nonprofit seniors housing organization in the country, according to the two companies. The combined entity will features nearly $350 million in annual revenues across 12 life plan communities, one assisted living community and nine affordable seniors housing communities, as …

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Dwight & Co. Affiliate Expands Healthcare Team, Capital Solutions

by Jeff Shaw

NEW YORK CITY — Dwight & Co. has expanded its seniors housing and healthcare financing solutions by successfully launching working capital revolving lines of credit, investing in new technology and broadening the depth of its healthcare team.  The new team members include Paige Ela as managing director of healthcare finance and Itay Silverberg as director of analytics. Ela has over 20 years of experience working in healthcare at both public and privately held institutions, including SEC and FDIC-regulated firms. She joined Dwight following five years at Forbright Bank, serving as …

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Dover Cos. Launches New Senior Care Company Dover Health 

by Jeff Shaw

ST. LOUIS — Dover Cos., a St. Louis-based seniors housing developer, builder and operator, has launched Dover Health. The new company seeks to bridge the gap between traditional medical services and the evolving needs of aging populations. Dover Health’s service offerings include home health, hospice, private duty services, long-term care pharmacy, primary care and palliative care. These offerings are designed to address the unique needs of seniors across independent living, assisted living and memory care environments. Dover aims to maximize Medicare and Medicare Advantage benefits and foster a culture of …

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John Moore Steps Down as CEO of Atria, Company Promotes Holly Belter-Chesser to Top Post

by Jeff Shaw

LOUISVILLE, Ky. — John Moore has stepped down as CEO of Atria Management Co., a Louisville-based company and the second largest operator of seniors housing in the United States with over 40,000 units. The company has appointed Holly Belter-Chesser to replace him. The move is part of a planned leadership transition process. Belter-Chesser joined Atria in 2008 and has served in key leadership roles over the past 15 years, including most recently as chief financial officer and chief administrative officer. After 25 years with the company, Moore will remain a …

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Onelife Senior Living and Ally Senior Living Complete Merger

by Jeff Shaw

DENVER — Onelife Senior Living, a Denver-based developer and operator, and Ally Senior Living, a Texas-based operator, have merged. The combined company manages 19 communities across eight states and will retain Onelife Senior Living’s name and branding. The companies began merger conversations in 2023 and the deal closed this month. Terms of the transaction were not announced. Dan Williams, previously CEO of Ally Senior Living, and Zack Falk, previously CEO of Onelife, will lead the combined company. Executive team members from both companies will fill roles in the newly established …

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Capital Funding Group Finishes 2023 with $1.7B in Lending Volume

by Jeff Shaw

BALTIMORE — Capital Funding Group (CFG), a Baltimore-based lender, executed or arranged more than $1.7 billion in financing across 50 deals in 2023.  The transactions included 34 healthcare bridge-to-HUD loans, five multifamily bridge loans, and 11 HUD loans. The multifamily bridge-to-HUD loans totaled approximately $49.7 million of the company’s annual financing.

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BREAKING: Welltower Agrees to Acquire 25-Property Affinity Living Active Adult Portfolio for $969M

by Jeff Shaw

TOLEDO, Ohio — Welltower Inc. (NYSE: WELL), a Toldeo-based REIT and the largest owner of seniors housing in the United States with nearly 100,000 units, has agreed to acquire 25 active adult communities from Affinity Living Communities for $969 million. The off-market transaction is part of a long-term strategic partnership between the two companies, with plans for future development activity together. The portfolio encompasses nearly 3,900 units predominately concentrated in the Pacific Northwest. The acquisition will enable Welltower to strategically scale the geographic reach of its active adult portfolio into …

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