LANCASTER, Pa. — Providence Place Senior Living has taken over leadership duties at the former Country Meadows of Lancaster in Lancaster. Providence Place is a sister company of Country Meadows, also owned by the George M. Leader Family. Like Country Meadows, the community serves seniors through independent living, assisted living and memory care at six additional campuses in Central and Eastern Pennsylvania.
Occupancy trends, the impact of the Omicron variant, development, investment, vaccine mandates and labor shortages were just some of the pressing topics panelists discussed during the “Seniors Housing Policy Outlook: What Will Impact Operations, Investment & Development in 2022?” webinar, hosted by Seniors Housing Business. Industry experts weighed in on the policies and priorities shaping the future of senior living communities, as well as their own legislative agendas for 2022. Regarding investment and development, Dave Schless, president of American Seniors Housing Association (ASHA), explains Capital markets have remained committed and robust …
IRVINE, Calif. — Sabra Health Care REIT Inc. (NASDAQ: SBRA) has entered into a definitive agreement to amend the company’s master lease with a tenant, Avamere Group. Avamere’s annual base rent on the current portfolio has been reduced roughly 30 percent to $30.7 million from $44.1 million. No changes have been made to the lease maturity date (May 31, 2031) or the annual base rent escalator (2.75 percent). Sabra plans to recapture this rent reduction as the portfolio’s performance improves. Starting with the second lease year, Sabra will participate in …
INDIO and SAN BERNARDINO, Calif. — The Ensign Group, Inc. (NASDAQ: ENSG) has acquired the operations of two skilled nursing facilities in Southern California. The assets include Arrowhead Springs Healthcare, a 119-bed skilled nursing facility located in San Bernardino, and Desert Mountain Care Center, a 99-bed skilled nursing facility located in Indio. The acquisition of Arrowhead Springs Healthcare includes the real estate and operations at the facility. Desert Mountain Care Center will be subject to a long-term, triple-net lease. “We are very excited to add these facilities to our California …
WALTHAM, Mass. — EPOCH Senior Living, an owner-operator based in Waltham, has named Julie Lombardo as vice president of wellness services. Lombardo is responsible for managing and coordinating EPOCH’s clinical outcomes, policies and procedures. In addition, she’ll develop and implement education and training of the senior living providers’ team members while conducting peer reviews that ensure quality of care and regulatory compliance. Prior to joining the EPOCH team, Lombardo held many leadership roles. Most recently, she oversaw the care delivery and operations of 10 standalone memory care communities. Her experience …
The January 27 webinar “Increase Seniors Housing NOI & Equity Value with IoT Water-Leak Mitigation Technology,” hosted by Seniors Housing Business and sponsored by Sensor Industries, covered how monitoring systems can cut down on the cost of water, avoid wasting resources and alert staff in case of flooding. In this brief webinar, host David Duckwitz, CEO of Sensor Industries, describes how network-connected toilet and flood sensors measure water activity and deliver actionable insights that cut expenses, increase net operating income (NOI) and mitigate risk. Water inefficiencies, leaks and flooding can significantly drive up …
Former Emeritus, Brookdale executive grows his own seniors housing owner-operator business in the Southeast. By Jeff Shaw After more than 15 years of working in various management and executive roles at seniors housing pioneer Emeritus Senior Living — and 18 months at Brookdale following the merger of the two behemoth companies — Chris Guay decided it was time for a change. He founded Vitality Senior Living in 2016 in the Nashville suburb of Brentwood, Tennessee. The company launched with two acquisitions in Texas, both offering assisted living and memory care. …
DALLAS — The United Group of Cos. will take on property management duties at five luxury senior communities in Texas, Georgia and Indiana. The arrangement represents the latest in the organization’s expansion in this growing niche and represents the latest additions in what has been a period of growth for United Plus Property Management (UPPM), United Group’s management arm. The new deals center around three newly acquired Texas senior communities: NorthStar Georgetown, The Orchards Market Plaza and The Orchards Arlington Highlands. The organization will also manage day-to-day operations at two …
VERO BEACH, Fla. — Watercrest Senior Living Group, a Vero Beach-based owner-operator, has promoted Whitney Lane to chief operating officer. Lane joined the Watercrest team in 2018 as vice president of clinical operations, utilizing 15 years of clinical experience to maximize Watercrest’s operational efficiencies while ensuring standards of care, programming and associate training. Under Lane’s leadership, the company’s senior living operations more than doubled in size, expanding throughout the Southeast.
LAKE OSWEGO, Ore. — Anthem Memory Care has been selected to manage nine memory care communities in Utah, Washington, Minnesota, Michigan and Ohio. The new communities bring Anthem’s portfolio up to 21 properties and mark the Lake Oswego-based operator’s entry into Utah, Washington, Michigan and Ohio. The properties, owned by Irwin Investors, were previously operated by Sinceri and include: Elk Ridge in Maplewood, Minnesota Edgemont Place in Blaine, Minnesota Robinwood Landing in Lansing, Michigan Glenwood in Dublin, Ohio Preserve at Beavercreek in Beavercreek, Ohio Greenfield Estates in Akron, Ohio Pheasant …
