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ColoradoMemory CareNewsOperationsPeople

Anthem Memory Care Appoints Lebana Prahl as Executive Director of Willowbrook Place in Littleton, Colorado

by Jeff Shaw

LITTLETON, Colo. — Anthem Memory Care has named Lebana Prahl as executive director of Willowbrook Place in the Denver suburb of Littleton. She will oversee all daily care, programming and operations. Prahl previously was executive director for HighPointe Assisted Living & Memory Care in Denver. She has also served as executive director for Highlands Assisted Living and Memory Care in Lakeland, Florida. Prahl graduated with a bachelor’s degree in music therapy from Colorado State University. She is a certified dementia practitioner and brings over 26 years of senior living experience …

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FinanceNews

CBRE Arranges $220M Refinancing for Brookdale Portfolio

by Jeff Shaw

DALLAS — CBRE National Senior Housing has arranged a refinancing of a seniors housing portfolio on behalf of Brookdale Senior Living Inc. The portfolio comprises 24 communities with 2,377 total units that include 720 independent living units, 1,205 assisted living units, 386 memory care units and 66 skilled nursing units located across 12 states. Aron Will and Matthew Kuronen of CBRE National Senior Housing arranged the financing. A syndication between Capital One National Association and Synovus Bank provided the three-year, $220 million, floating-rate loan. The debt carries a variable interest …

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Affordable HousingDevelopmentNew JerseyNews

Alpert Group Breaks Ground on 40-Unit Affordable Community in Teaneck, New Jersey

by Jeff Shaw

TEANECK, N.J. — The Alpert Group, along with its nonprofit partner Geriatric Services Inc., has broken ground on a 40-unit affordable housing community for seniors in Teaneck, just across the Hudson River from Manhattan and The Bronx. The community will rise five stories, and the mostly one-bedroom units are reserved for those over age 62 meeting income requirements. The project will replace a vacant municipal facility currently at the site. Rents will range from $336 per month to $1,451 per month, depending on the size of the unit and the …

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AcquisitionsNewsSkilled NursingWisconsin

Pennant Acquires Home Health Agency in Kenosha, Wisconsin

by Jeff Shaw

KENOSHA, Wis. — The Pennant Group Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, has acquired the assets of Kenosha Visiting Nurse Association Inc., which provides skilled home health, private duty and community health services in Kenosha. “We are pleased to expand our home health operations deeper into southern Wisconsin,” says Brent Guerisoli, CEO of Pennant. “KVNA will be a great partner to our senior living affiliates in the area as we further expand the continuum of …

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Affordable HousingCompany NewsDevelopmentInvestmentNews

Affordable Developer Standard Communities Breaks Out Three Business Units

by Jeff Shaw

LOS ANGELES — Standard Communities, a Los Angeles-based investor and developer of affordable multifamily housing including seniors housing, has established three new, diversified business lines. The three dedicated business lines — acquisition/redevelopment, new construction and essential housing — aim to leverage and align the strengths and diversity of Standard’s staff and enable them to execute faster and more efficiently. “With our national geographic reach and ambitious vision for the future, it is important that our structure allows us to stay nimble and responsive to opportunities,” says Scott Alter, co-founder and …

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NewsPeople

MBK Senior Living Hires Becky Price as Vice President of Sales, Marketing

by Jeff Shaw

IRVINE, Calif. — MBK Senior Living, an Irvine-based owner-operator, has hired Rebecca “Becky” Price as vice president of sales and marketing. In her previous role as senior national sales director for Sunrise Senior Living, some of Price’s accomplishments included designing and implementing a sales support program for communities in ground-up development; managing the company-wide internet sales program; increasing team productivity through training and targeted coaching; developing a program for inbound leads with a 6.6 percent year-over-year growth; and partnering with leadership teams in successfully reaching goals and objectives in challenging …

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AcquisitionsCompany NewsNewsOperations

Cogir Acquires Cadence, Becoming 21st Largest Operator in United States

by Jeff Shaw

SACRAMENTO and SCOTTSDALE, Ariz. — Cogir Management has acquired Cadence Living to form one of the largest operators in the United States. The transaction involves Cogir buying out the shareholders of Cadence. Both companies have a focus on the West Coast, and the combined total number of units will be approximately 8,000 across nine states. Based on the American Seniors Housing Association’s June 1 numbers, that would make the company the 21st largest operator in the country, between Merrill Gardens and publicly traded Sonida Senior Living. Cogir Management USA is …

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Active AdultDevelopmentNewsSouth Carolina

Aspens Senior Living Opens 159-Unit Active Adult Community in Greenville, South Carolina

by Jeff Shaw

GREENVILLE, S.C. — Aspens Senior Living has completed construction of The Aspens Verdae, a 159-unit active adult community in Greenville. The property totals 196,000 square feet and offers one-and two-bedroom options ranging from 607 square feet to 1,243 square feet. Aspens broke ground on the project in December 2020. It is the company’s second community in the Carolinas. The site is close to Legacy Park, The Preserve at Verdae Golf Club and the Prisma Health Swamp Rabbit Trail. Shiel Sexton served as general contractor for The Aspens Verdae, with Arrive …

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Company NewsNewsSkilled Nursing

Strawberry Fields REIT Officially Goes Public

by Jeff Shaw

SOUTH BEND, Ind. — Strawberry Fields REIT, a South Bend-based owner of skilled nursing facilities, assisted living facilities and long-term acute care hospitals in the Midwest and South, has begun trading on the OTC Markets Group Inc. under the symbol STRW. OTCQX is an operator of regulated markets for trading 12,000 U.S. and international securities. “My partners and I invested significant time and energy to build our company, starting with the acquisition of 33 properties in Indiana and Illinois from 2005 through 2014,” says Moishe Gubin, chairman and CEO of …

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FinanceNewsSkilled Nursing

BHI Provides $42.5M Financing for TL Management

by Jeff Shaw

NEW YORK CITY — BHI, a New York City-based commercial bank, has closed on a $42.5 million term loan for TL Management, a company that owns skilled nursing facilities across the country. “This transaction is part of BHI’s continuous growth in the category and our strategy for further expansion in the healthcare sector going forward,” says Tami Antebi, senior vice president and head of healthcare for BHI. Further details on the transaction were not disclosed.

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