PITTSBURGH — ZRG Partners, an executive search and talent management firm, is expanding into the commercial real estate arena with the hiring of Kevin Jones as managing director. Jones will manage the full spectrum of commercial real estate for the company, working from the Pittsburgh regional office.
Company News
BRENTWOOD, Tenn. — Zhonghong Zhuoye Group Co. Ltd., a Chinese real estate investor, has reportedly offered approximately $3 billion for the acquisition of Brookdale Senior Living (NYSE: BKD), according to a report by news agency Reuters, which cited people familiar with the matter.
IRVINE, Calif., and CHICAGO — Sabra Health Care REIT (NASDAQ: SBRA) and Care Capital Properties Inc. (NYSE: CCP) are joining forces to create a healthcare REIT with a pro forma total market capitalization of roughly $7.4 billion and an equity market capitalization of roughly $4.3 billion. The all-stock transaction is expected to close during the third quarter of 2017.
WEST POINT, Pa. — J. Mark Vanderbeck, CEO of Acts Retirement-Life Communities and a longtime leader in the nonprofit seniors housing industry, has passed away. His age and the cause of death were not disclosed, but Acts described the passing as “sudden.”