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Buckner Retirement Services Appoints Ken Robbins as Interim President 

by Jeff Shaw

DALLAS — Buckner Retirement Services, a nonprofit operator based in Dallas, has hired Ken Robbins to serve as interim president.  Robbins will help a transition in leadership as the provider seeks a replacement for Charlie Wilson following his resignation as president. Wilson’s resignation is effective Aug. 31 after serving with Buckner for 24 years.  Over the next three weeks, Wilson will work closely with Robbins to bring him up to speed on the organization and the seven Buckner senior living communities it operates. Jeff Gentry, executive vice president and chief …

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AcquisitionsAssisted LivingKansasNewsSkilled Nursing

SLIB Brokers Sale of 65-Unit Hillside Village in De Soto, Kansas

by Jeff Shaw

DE SOTO, Kan. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Hillside Village, a seniors housing community in De Soto, approximately 20 miles southwest of Kansas City. Hillside Village offers 38 assisted living units and 27 skilled nursing units, totaling 95 licensed beds. The seller was a local owner existing the business. The buyer is a public company headquartered in California. The price was not disclosed. Ryan Saul, Nick Cacciabando and Jeff Binder led the transaction for SLIB.

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CCRCNewsPeopleTexas

Brazos Presbyterian Homes Holding Promotes Deidre Kinsey to Chief Executive Officer

by Jeff Shaw

HOUSTON — Brazos Presbyterian Homes Holding Inc. has promoted Deidre Kinsey to CEO. A 30-year veteran of the senior living industry, Kinsey most recently served two years as the company’s chief operating officer. She will lead the Houston-based nonprofit organization’s three continuing care retirement communities: Brazos Towers at Bayou Manor and The Hallmark in Houston and Longhorn Village in Austin. In her new CEO role, Kinsey aims to unite Brazos Presbyterian Homes Holding into a cohesive, multisite organization by leveraging each senior living community’s strengths, a broader talent pool, shared …

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NewsOperationsTennessee

Grace Management Assumes Management of 180-Unit The Summit of Germantown in Memphis, Tennessee

by Jeff Shaw

MEMPHIS, Tenn. — Grace Management Inc. has assumed management responsibilities for The Summit of Germantown in Memphis. The community features 122 independent living units, 34 assisted living units and 24 memory care units. This transition represents an expansion in the greater Memphis market for Grace, complementing an existing community, Town Village Audubon Park.

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Manor & Villages, Jenison, Mich.
FinanceMichiganNews

Ziegler Arranges $52.1M Bond Financing for Sunset Manor Owner-Operator in Michigan

by Jeff Shaw

JENISON, Mich. — Ziegler has arranged $52.1 million in bond financing for Sunset Manor Inc., a nonprofit owner-operator based in the West Michigan city of Jenison. Sunset Manor was established in 1973 to care for the elderly residents of West Michigan and beyond. Sunset owns and operates four facilities in Jenison, Grandville and Grand Haven. Per the 2023 LeadingAge Ziegler 200, Sunset Manor is the 138th largest nonprofit senior living provider in the nation with a total of 696 units consisting of 384 independent living units and 312 assisted living units. …

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AcquisitionsActive AdultNewsSouth Carolina

Berkadia Negotiates Sale of 159-Unit The Aspens Verdae in Greenville, South Carolina

by Jeff Shaw

GREENVILLE, S.C. — Berkadia has arranged the sale of The Aspens Verdae, a newly built, 159-unit active adult community in Greenville.  Texas-based active adult developer Aspens Senior Living sold the community to Charleston-based Blaze Capital Partners and Partners Group, acting on behalf of its clients. Located in Greenville’s master-planned, 1,100-acre Verdae neighborhood, the Aspens Verdae provides convenient access to retail, restaurants, healthcare and outdoor activities. The property was built in 2022 and features one-bedroom and two-bedroom apartments.  Cody Tremper, Mike Garbers, Dave Fasano and Ross Sanders led the Berkadia team.

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White Oak at North Grove, Spartanburg, S.C.
AcquisitionsCompany NewsNewsNorth CarolinaOperationsSkilled NursingSouth Carolina

Blueprint Brokers Sale of White Oak Management, Including Portfolio of 2,000 Skilled Nursing Beds

by Jeff Shaw

SPARTANBURG, S.C. — Blueprint Healthcare Real Estate Advisors has arranged the entity-level sale of White Oak Management, an operator with a portfolio of 15 skilled nursing facilities totaling more than 2,000 beds in North Carolina and South Carolina. Led by the Cecil Family, Spartanburg-based White Oak was originally founded in 1964 and has since expanded across the Carolinas. In addition to its 15 facilities, White Oak also owned and operated an ancillary pharmacy company dedicated to servicing the portfolio. The facilities enjoyed a demonstrated track record of strong profitability, with …

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NewsPeople

Marquis Health Consulting Services Names New Senior Living Leadership Team

by Jeff Shaw

BRICK, N.J. — Brick-based Marquis Health Consulting Services has appointed a new leadership team for its expanding senior living division: Alan Eserner and Jules Dewey are serving as vice presidents of operations and sales, respectively. The pair will oversee a growing portfolio of more than a dozen Marquis-serviced assisted living and independent living communities in New Jersey, Pennsylvania and Maryland.  Eserner, a licensed nursing home administrator, has more than 15 years of executive and management experience. He joined Marquis in 2021 and has played a significant role in the company’s …

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AcquisitionsAffordable HousingCaliforniaNews

CPP Acquires 139-Unit Green Hotel Apartments Affordable Community in Pasadena, California

by Jeff Shaw

PASADENA, Calif. — Community Preservation Partners (CPP) has acquired Green Hotel Apartments, an affordable seniors housing complex in downtown Pasadena, a suburb of Los Angeles. This is the 15th community in the greater Los Angeles area for CPP and the 41st in the state. Built in the 1890s, Green Hotel Apartments is listed on the National Register of Historic Places and is a Pasadena Historic Monument. The 139-unit property is a seven-story mix of studio and one-bedroom units serving seniors earning between 30 and 60 percent of the area median income …

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AcquisitionsNewsSkilled NursingWisconsin

ESI Arranges Sale of 186-Bed Samaritan Health Center in West Bend, Wisconsin

by Jeff Shaw

WEST BEND, Wis. — Evans Senior Investments (ESI) has arranged the sale of Samaritan Health Center, a county-owned facility in West Bend, approximately 30 miles north of Milwaukee.  The community was originally built in 1969 and renovated in 2009. The facility offers three licensed programs: a skilled nursing facility, an assisted community-based residential facility (CBRF), and a supportive living, apartment-style residential care apartment complex (RCAC). Altogether, the center provides 186 beds, including 131 skilled nursing beds, 24 RCAC beds and 31 CBRF beds.  At the time of marketing, Samaritan Health …

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