WEST POINT, Pa. — J. Mark Vanderbeck, CEO of Acts Retirement-Life Communities and a longtime leader in the nonprofit seniors housing industry, has passed away. His age and the cause of death were not disclosed, but Acts described the passing as “sudden.”
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BOCA RATON AND ORLANDO, FLA. — Kayne Anderson Real Estate Advisors (KAREA) has entered into a definitive merger agreement under which affiliates of KAREA will acquire Sentio Healthcare Properties Inc. KAREA will acquire all of the outstanding shares of Sentio in an all-cash transaction valued at $825 million.
SPANISH FORT, Ala. — Acts Retirement-Life Communities Inc. has affiliated with Presbyterian Retirement Corp., which owns and operates Westminster Village, a 341-unit continuing care retirement community in Spanish Fort, located just across the bay from Mobile.
Kai Hsiao, who joined HCP Inc. in May 2016 as executive vice president of senior housing properties, will leave the company within the next few months “to return to his operating roots,” CEO Thomas Herzog announced Tuesday during an earnings call highlighting first-quarter results.