SOUTHFIELD, Mich. — American House Senior Living Communities, a seniors housing owner and operator, has partnered with Curana Health at 11 of its Tennessee communities. The collaboration provides on-site healthcare services to residents, including routine preventive primary care, illness appointments, 24-hour clinical support, care coordination and specialty appointment arrangement, chronic condition management, medication review and coordination of on-site phlebotomy and imaging. Visits and services are covered by the patient’s health insurance and are billed by Curana. Offering assisted living and respite care units, the properties include: Each of the communities (with …
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BRENTWOOD, Tenn. — Brookdale Senior Living (NYSE: BKD) has announced that Lucinda (Cindy) Baier has stepped down as president and chief executive officer of the company, effective April 13. According to Brookdale, the largest U.S. seniors housing operator based on the American Seniors Housing Association’s 2024 ASHA 50 rankings, the company entered into a separation agreement with Baier and has initiated a search for a new CEO. Baier also resigned from Brookdale’s board of directors. Baier first joined the company in February 2018. Prior to becoming the CEO, she served as Brookdale’s chief …
WESTLAKE VILLAGE, Calif. — Doug Korey, an industry professional with more than 40 years of experience in the seniors housing sector, has retired. Most recently, Korey served as managing director of business development for LTC Properties. According to the company, Korey is departing to focus on his family and health. A member of the American Health Care Association and the American Seniors Housing Association, he originated and structured billions of dollars in health care real estate transactions throughout his career and was engaged in the broader seniors housing and care landscape. …
GREENVILLE, S.C. — Senior Living Investment Brokerage (SLIB) has brokered the sale of Shepherd’s Care Assisted Living and Memory Care Community in Greenville. The property totals 60 units. Bob Jones University (BJU) sold the community to an undisclosed local investor, which has partnered with a Southeast-based operator. Daniel Geraghty and Bradley Clousing of SLIB represented BJU in the transaction. According to Geraghty, the buyer plans to renovate the property.
LOS ANGELES and AMBLER, Pa. — BWE, a Cleveland-based commercial real estate financial services firm, has arranged the $308 million refinancing of a pair of seniors housing properties in the Los Angeles and Philadelphia metro areas. The financing was structured as a single transaction on behalf of a joint venture between Columbia Pacific Advisors, LAMB Properties and Harbert South Bay Partners. Momentum Senior Living operates both properties. Located northwest of Los Angeles in Woodland Hills, California, The Variel is a 336-unit community that offers independent living, assisted living and memory care …
ANNAPOLIS, Md. — Demand for seniors housing has reached an all-time high, according to the National Investment Center for Seniors Housing & Care (NIC). The Annapolis-based organization reported that occupancy rates in the U.S. increased 0.3 percentage points — from 87.1 percent in the fourth quarter of 2024 to 87.4 percent in the first quarter of 2025 — referencing data from NIC MAP, which tracks occupancy rates in 31 primary markets throughout the country. Occupancy across independent living properties rose to 89 percent from 88.6 percent in the same period, and …
TAMPA, Fla. — Continuum Advisors has brokered the sale of a five-property senior living portfolio located in central and northern Florida. The communities, which were in receivership at the time of sale, include Superior Residences of Clermont in Clermont; Superior Residences of Cala Hills in Ocala; Superior Residences of Brandon in Brandon; Superior Residences of Lecanto in Lecanto; and Superior Residences of Niceville in Niceville. In total, the portfolio comprises 340 total units, with 76 assisted living residences and 266 memory care units. Tampa-based Continuum arranged the sale on behalf of …
LOS ANGELES — Dan Baker, director of capital markets for JLL, says the seniors housing and care industry doesn’t need to speculate on whether the market rebound is real or perceived because the numbers tell the story. “I think last year saw the most announced seniors housing transactions ever in a calendar year, not necessarily the most dollar volume,” said Baker during a recent investment panel discussion at InterFace Seniors Housing West in Los Angeles. Baker cited the lack of larger portfolios trading hands as the reason for the modest dollar …
BUCKEYE AND YUMA, Ariz., AND SANTA CLARITA, Calif. — JLL and HJ Sims have arranged $239.6 million in tax-exempt and taxable bond financing for the Integrated Senior Foundation-Ativo Portfolio, three seniors housing properties totaling 430 units in Arizona and California. Integrated Senior Foundation is a non-profit 501(c)(3) owner and operator based in Brea Calif. The portfolio, which includes two ground-up development communities and one acquisition, consists of Ativo of Sundance, located in the fast-growing city of Buckeye, Arizona; Ativo of Yuma, in Yuma, Arizona; and Ativo of Santa Clarita, located within …
CLERMONT AND NICEVILLE, Fla. — Impact Senior Living, which focuses on third-party management of senior living facilities, has added two communities in Florida to its portfolio: Hunt Trace Senior Living in Clermont and Partin Place Senior Living in Niceville. With these new additions, Tallahassee, Fla.-based Impact Senior Living now oversees 11 senior living communities. Hunt Trace Senior Living provides assisted living and memory care services in the heart of Clermont, a growing city in Central Florida. The 114-unit facility offers a homelike atmosphere with convenient access to shopping, dining and …