ATLANTA — Galerie Management, the operational arm of Galerie Living, has assumed operation of a senior living community located in Marietta, Georgia, marking the company’s expansion into third-party management. Galerie Living is an Atlanta-based senior living developer, owner and operator. Galerie Management will now operate Village Park West Cobb on behalf of the community’s ownership. Led by Joshua Peterson, president of Galerie Management, Galerie’s operational team recently added John Cashion as corporate director of hospitality and Roz Watson as vice president of clinical operations.
KANSAS CITY, Mo. — Tutera Senior Living & Health Care has announced the addition of 26 seniors housing communities to its management portfolio. The expansion included the acquisition of eight properties from AlerisLife and Diversified Healthcare Trust (DHC). Tutera will manage the additional 18 communities on behalf of DHC. Tutera plans to complete the transition of the communities by the end of this year. With this expansion, Tutera’s management portfolio now includes 66 senior living communities totaling 5,422 units. Average occupancy at seniors housing properties managed by Tutera is currently 95 …
TUCSON, Ariz. — Watermark Retirement Communities has named Brett Leon senior vice president of development. Leon brings 22 years of real estate development leadership to the position, including roughly a decade of specializing in senior living with developer Alliance Residential. Leon worked with Arizona-based Watermark during his time at Alliance Residential, with Watermark managing nine Alliance communities during his tenure. “Brett’s expertise and proven vision for senior living development will be instrumental as we expand our portfolio,” said Watermark CEO Paul Boethel in a statement. Watermark was named the 28th largest …
BRENTWOOD, Tenn. —Brookdale Senior Living Inc. (NYSE: BKD), the country’s largest seniors housing operator, has named Nick Stengle as its new chief executive officer. Stengle assumed the role, as well as joined the Brookdale board of directors, on Oct. 6. Denise Warren, who has served as interim CEO beginning in April of this year following the departure of president and CEO Lucinda “Cindy” Baier, will step down and reassume her role as non-executive chairman of the board. According to Brookdale, Stengle’s selection was the result of a comprehensive search led by …
NEW YORK CITY — Inspiren, an AI-focused senior living technology company, has raised $100 million in Series B funding. Software investor Insight Partners led the financing, with participation from Avenir, Primary Venture Partners, Scale Venture Partners, Story Ventures and Studio VC. This new Series B funding brings Inspiren’s total funding to $155 million. In March, the company launched an AI-powered platform combining solutions for resident safety, care planning, staffing and emergency response. Inspiren also recently implemented improvements to its Inspiren HQ web-based platform, which allows seniors housing communities to monitor health …
WINDSOR, Calif. — Gallaher Cos. has announced the launch of Gallaher Signature Living (GSL), a new management company that will oversee operations for Gallaher’s portfolio of luxury senior living communities across California. According to the organization, GSL will allow for continuity, expanded resources and a greater focus on quality, service and enrichment. Page Ensor will lead GSL as chief executive officer. Ensor brings more than 25 years of experience in senior living leadership to the role. During her tenure with Brookdale Senior Living, Ensor led the oversight of 70 communities across …
NEW YORK CITY — Multifamily and seniors housing bridge lending platform MonticelloAM has appointed Liam Sorensen to the role of senior relationship manager. In his new role, Sorensen will be responsible for fostering and expanding client relationships, sourcing new opportunities and supporting the firm’s lending and investment activity across the seniors housing market. He will report to Karina Davydov, senior managing director, Healthcare. Sorensen’s experience includes almost a decade in healthcare real estate finance and a track record of debt structuring, underwriting, portfolio management and client advisory services. Prior to joining …
DALLAS — Nicole Ornelas has joined Lifespace Communities, a nonprofit senior living owner and operator, as vice president of experience. In her new role, Ornelas will report to Nikki Kresse, chief experience and people officer. She will guide the development and execution of LIfespace’s enterprise experience strategy, which includes elevating resident experience, introducing new service models and applying data-driven tactics to create improvement. Ornelas will also collaborate with the vice president of human resources and other leaders to oversee team member experiences within the organization. Ornelas brings more than 20 years …
ALEXANDRIA, Va. — Argentum, a national association representing senior living communities, has announced the appointment of Amy Porchetta to the role of vice president of development and revenue operations. Most recently, Porchetta — who has more than 20 years of experience in fundraising, corporate partnerships and strategic growth — served as the senior director of business development at the USO. In her new role at Argentum, Porchetta will oversee revenue generation initiatives, corporate partnerships and development strategies to advance Argentum’s mission. “Amy’s proven track record in building high-impact partnerships and driving …
MURFREESBORO, Tenn. — National Health Investors (NYSE: NHI), has issued a formal, written notice to an affiliate of National HealthCare Corp. (NYSE: NHC) that the tenant is in default under its master lease with NHI. According to NHI, NHC is in non-compliance with multiple non-monetary provisions of the master lease agreement, which dates back to October 1991. The affiliate of NHC occupies 32 of NHI’s skilled nursing facilities and three of the company’s independent living facilities. According to an SEC filing by NHC, the company’s lease agreement with NHI includes a …