NEWTON, Mass. — AlerisLife Inc. (NASDAQ: ALR), an operator based in Newton, has appointed Philip Benjamson as senior vice president and chief operating officer. Benjamson has over 25 years of leadership experience in the senior living, hospitality and multifamily industries, and most recently served as vice president of seniors housing operations for Trinity Health Senior Communities. Previously, he was the chief operating officer at Resort Lifestyle Communities from 2018 to 2021 and the chief operating pfficer at Blake Management Group from 2016 to 2018.
BONITA SPRINGS, Fla. — Funds advised by Lee Equity Partners LLC and Coastwood Senior Housing Partners LLC have agreed to an undisclosed amount of investment in Discovery Senior Living, a Bonita Springs-baed operator. The recapitalization will fund Discovery’s expansion and operational platform enhancement plans. “This strategic recapitalization purposefully combines the strengths and successful experiences of three companies and the resultant innovation-focused efforts will allow the acceleration of Discovery’s ability to execute its vision of creating a scaled company that outperforms the marketplace, addresses some of the legacy industry paradigms and …
PITTSBURGH, INDIANAPOLIS AND LOUISVILLE, Ky. — CBRE has brokered the sale of four active adult communities totaling 481 units in the Pittsburgh, Indianapolis and Louisville metro areas. An institutional investor that is a leading active adult owner-operator was the seller. Another institutional investor acquired the properties for an undisclosed price. CBRE’s Indianapolis multifamily team consisting of Steve LaMotte and Dane Wilson, CBRE’s Pittsburgh multifamily team consisting of Laura Lawrence, and CBRE’s National Senior Housing team members John L. Sweeny Jr., Aron Will, Garrett Sacco and Scott Bray represented the seller. …
GREENVILLE, S.C.; CHARLOTTE, N.C.; AND KENMORE, N.Y. — Bellwether Enterprise Real Estate Capital LLC has arranged three loan deals totaling more than $62 million to finance three assisted living and memory care communities in Greenville, one assisted living and memory care facility in Charlotte and a 150-unit affordable seniors housing development in the Buffalo suburb of Kenmore. The national seniors housing and care team at Bellwether originated the Carolina loans, led by Ryan Stoll, Taylor Mokris and Kim Huffstutler. Lundat Kassa and Anthea Martin originated the New York loan. The …
FARMERS BRANCH, Texas — MedCore Partners has acquired an 86-unit senior living community in the first-ring Dallas suburb of Farmers Branch. MedCore has renamed the property, formerly called The Avenues of Park Forest, as The Grove on Forest Lane. The community features 70 assisted living and 16 memory care units. The transaction marks MedCore’s second acquisition in Texas but the first in the Dallas market. The property is MedCore’s 19th nationwide. Renovation effort will include new interior and exterior signage, courtyard landscaping, common area upgrades and apartment amenity enhancements. Senior …
WESTMINSTER, Md. — Carroll Lutheran Village (CLV), a seniors housing community in Westminster, has named Peter Bolt as its new executive director. Bolt provides leadership oversight of day-to-day operations including following federal, state and local laws, regulations and standards governing long-term care facilities; and ensuring residents living in the life-plan community receive excellent care and outstanding customer service. Bolts’ background in senior living also includes a bachelor’s degree in healthcare management and a master’s degree in economics. He is a licensed nursing home administrator with over 25 years of senior …
O’FALLON, Ill. — Premier Senior Living has opened Revela at O’Fallon in O’Fallon, an eastern suburb of St. Louis. The property totals 92 units of independent living, assisted living and memory care in an 89,000-square-foot building. St. Louis Design Alliance designed the project, which Poettker Construction built. Premier Senior Living is the operator.
LOUISVILLE, Ky. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Forest Hills Commons, a 119-unit assisted living and memory care community in Louisville. Built in 2019, Forest Hills is located 14 miles from downtown Louisville on 4.4 acres. The seller is a regional owner-operator exiting the state of Kentucky. The buyer is a Midwest-based owner-operator looking to add to its existing footprint throughout the Midwest. The price was not disclosed. Ryan Saul and Daniel Geraghty handled the transaction on behalf of SLIB. “The seller developed this asset …
OHIO — Evans Senior Investments (ESI) has arranged the sale of a 99-bed skilled nursing community in Ohio. Having been constructed in different phases from 1946 through 1985, the community received two significant renovations in 2013 and 2019. Consisting of 47 private rooms, the community was able to operate with an above-average quality mix. It was 70 percent occupied at the time of marketing, contributing to a breakeven net operating income. This was the buyer’s first acquisition in the skilled nursing space, although it was involved in the operations for …
DALLAS —12 Oaks Senior Living, a Dallas-based operator, has add three to its solutions team. Nesley Fortenberry, who joins the team as a sales consultant, brings 10 years of senior living experience. She started her career as sales manager at a senior living community in Ponca City, Oklahoma, and was promoted to sales specialist. She was subsequently promoted to the role of regional sales specialist, covering 18 states. In her most recent position, Fortenberry was regional sales director responsible for 12 communities in Oklahoma, Texas, Illinois and Wisconsin. Jayme Tapia …