NEW HAVEN, Conn. — KeyBank Real Estate Capital has provided $12.9 million in FHA financing to the Jewish Federation of Greater New Haven for Tower One & Tower East, a seniors housing property in New Haven.
News
TAMPA, Fla. — Validus Group Partners Ltd., a Tampa-based investment firm, has hired Richard Mocsari as chief financial officer. Mocsari will lead the firm’s finance and accounting functions, along with corporate finance duties related to Validus’ current holdings and new investments.
ALISO VIEJO, Calif. — CBRE has arranged an undisclosed amount of construction financing for Belmont Village Aliso Viejo, a 157-unit assisted living and memory care community in Aliso Viejo, a master-planned community in the San Joaquin Hills between Los Angeles and San Diego.
Senior Lifestyle Corp. Appoints Justin Robins, Jim Pusateri as Co-COOs, Paula Adams as Chief Clinical Officer
by Jeff Shaw
CHICAGO — Senior Lifestyle, a Chicago-based owner, operator and developer, has hired Justin Robins and Jim Pusateri as executive vice presidents and co-chief operating officers. The company also hired Paula Adams as chief clinical officer. The new team will focus on establishing and strengthening business partner alignment, optimizing performance and fostering strategic growth.
Seniors Housing Executives Predict Increased M&A Activity, According to Capital One Survey
by Jeff Shaw
BETHESDA, Md. — Seniors housing executives have a generally optimistic view for mergers and acquisitions activity heading into the fourth quarter of 2017, according to a survey by Capital One. Approximately 89 percent of respondents believe M&A activity will maintain its current pace over the next year, with about half of those believing the pace will increase.
BETHESDA, Md. — Paul Ormond has stepped down as chairman, president and CEO of skilled nursing and assisted living provider HCR ManorCare. Steve Cavanaugh, the company’s executive vice president and chief operating officer, was appointed to fill the roles of president and CEO.