CHICAGO — Ventas (NYSE: VTR) is planning to transfer operations of 30 of its communities from Elmcroft Senior Living to a new company led by industry veteran Kai Hsiao, according to Ventas CEO Deb Cafaro on this week’s third-quarter earnings call.
Company News
COLUMBUS, Ohio, and DALLAS — ORIX USA, a Dallas-based division of international financial services group ORIX Corp., has acquired Lancaster Pollard Holdings LLC. The acquisition price was more than $300 million, according to a report by Commercial Mortgage Alert.
Cadence Senior Living, Emerald Investment Management Form Seniors Housing Investment Partnership
by Jeff Shaw
SCOTTSDALE, Ariz., and NEWPORT BEACH, Calif. — Cadence Senior Living, a Scottsdale-based owner, developer and operator, and Emerald Real Estate Partners LLC, an investment management firm based in Newport Beach, have formed a strategic partnership for investing in seniors housing.