GLENDALE and PLEASANTON, Calif. — Two California-based, nonprofit seniors housing owner/operators have announced plans to merge, creating the largest nonprofit seniors housing provider in California, according to the two companies.
Company News
BRENTWOOD, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD) has announced that Mark Ohlendorf, the company’s president and chief financial officer, will transition from his current dual roles to focus fully on his role as president. The company also announced that Gregory Richard, the company’s chief operating officer, will step down effective Sept. 30.
TOLEDO, OHIO, AND TORONTO — Health Care REIT Inc. (NYSE: HCN) and Revera Inc. (Revera) have entered into a definitive agreement to acquire Regal Lifestyle Communities Inc. (Regal) (TSX: RLC) through an existing 75/25 joint venture for a total value of approximately CA$766 million, or US$623 million.
CARMEL, Ind. — Skilled nursing facility developer Mainstreet has formed a new broker-dealer named Mainstreet Capital Partners LLC. The company is registered with the Financial Industry Regulatory Authority (FINRA) and was created to institutionalize Mainstreet’s fundraising business.
ORLANDO, Fla.— CNL Healthcare Properties, a real estate investment trust (REIT) focused on seniors housing and healthcare facilities, has named Kevin Maddron chief financial officer, treasurer, and chief operating officer. He will also continue to serve as senior managing director of asset management for CNL Financial Group, overseeing the company’s seniors housing and healthcare real estate portfolio.