NEW YORK CITY — Global asset manager Macquarie Asset Management has launched Health Wave Partners, a new seniors housing platform. Alongside established operators, the platform will target investments in modern properties. Health Wave Partners’ management team will include John Cobb as chief executive officer, Philip Kayden as chief investment officer, Elliot Pessis as chief operating officer, Sean O’Malley as managing director of finance and Holden Torrens as director of investments. “Health Wave Partners will focus on investing in what it views to be high-quality properties and partner with experienced operators in …
MARION, Ohio — Nonprofit senior living provider United Church Homes (UCH) has named Terry Spitznagel chief operating officer (COO). Spitznagel, who joined the organization in 2020, will continue to serve as senior executive vice president as well. Previously, she also held the title of chief growth officer. In her new role, Spitznagel will report directly to Kenneth Young, president and CEO of UCH. “Terry has consistently demonstrated a deep commitment to our mission and a strong vision for the future of senior living and services,” says Young. “Her strategic leadership, collaborative …
CHICAGO — Multifamily brokerage firm Kiser Group has launched a new seniors housing division. As part of the new division, industry veteran Mark Myers will join the firm as partner. Myers brings more than 30 years of experience. Since 1995, he has closed more than 800 seniors housing transactions totaling over $12 billion. “Mark is one of the most accomplished brokers in the seniors housing space and we’re excited to partner with him launching seniors housing brokerage at Kiser Group,” says Lee Kiser, principal and managing broker at Kiser Group. “His leadership …
BELLEVUE, Wash. — Nonprofit organization Transforming Age has acquired peace love food, a culinary consulting vendor that provides support to global food manufacturing companies, independent and national chain restaurants, the seniors housing and longevity industries, international airlines and the hospitality industry. As part of the acquisition, peace love food founder Chef Laureen Herzig will join Transforming Age in the dual role of president of peace love food and vice president of culinary services, Transforming Age. Herzig brings more than 35 years of experience. Since 2012, peace love food has collaborated with …
NAPERVILLE, Ill. — Owner and operator Charter Senior Living has announced a new strategic partnership with LifeLoop, a senior living technology company. Illinois-based Charter, which has a portfolio of 72 senior living communities, has deployed a LifeLoop resident engagement solution to support its Flourish Memory Care program for adults with Alzheimer’s and other forms of dementia. Charter communities now use the 1N2L by LifeLoop solution, which offers cognitive care content and programming with more than 7,000 curated experiences. “LifeLoop enables our community teams to deliver personalized enrichment programming at a scale …
MIAMI — Investment firm Locust Point Capital, which operates exclusively in the seniors housing and care sector, has closed its Locust Point Private Credit Fund III with $668 million in total capital commitments. This marks a 56 percent increase over raise of the firm’s predecessor vehicle, which closed at $428 million. According to Locust Point, Fund III will continue to execute the firm’s core strategy, which includes providing structured credit solutions to owner-operators of seniors housing communities. “Having invested in the seniors housing industry for more than three decades, I believe …
DENVER — Headwaters Group, a Denver-based real estate owner and developer, has launched a new active adult brand. Dubbed Aspendale, the brand will serve residents age 55 and older at a portfolio of communities across Colorado and the western U.S. The current Aspendale portfolio comprises four communities scheduled to open between late 2025 and mid-2026. Located in Centennial, Colorado, Aspendale Centennial will total 200,000 square feet and 172 apartments. Now leasing, the property is scheduled to open in late 2025. Aspendale Northglenn in Northglenn, Colorado, is also currently leasing and totals …
SOLON, Iowa — Nick and Dani Merlino have acquired and assumed leadership of Better Living, a senior living operator based in Iowa. The pair, which brings 35 years of experience to the company, plans to rebrand Better Living, invest in enhanced team training and launch a “Better Days Memory Care” program. Better Living currently operates 14 communities throughout Iowa, Minnesota and Wisconsin.
OMAHA, Neb. — Forrest Westin and Michael Pittore have been appointed as co-CEOs of owner and operator Agemark Senior Living. Westin and Pittore will assume their roles beginning June 1. Current CEO Marty Hug will serve as executive chairman moving forward. Hug first joined the company as a community director in 1989. Founded in 1983 by Westin and Pittore’s fathers, Agemark has grown to a portfolio of 28 communities across six states. The company recently entered into an agreement with National Health Investors to sell six of its properties in a …
HELENA and MISSOULA, Mont. — Stellar Senior Living, an owner and operator of seniors housing communities in the western United States, has added two properties to its management portfolio. Located in Helena and Missoula, the communities include Helena Point and Missoula Valley. This marks Stellar’s first expansion into the state. Stellar now operates 37 senior living properties across nine states.