EAGLE, Idaho — The Pennant Group Inc. (NASDAQ: PNTG), an Eagle-based REIT, has agreed to transfer the operations of five senior living communities to affiliates of The Ensign Group Inc. The five communities are located in Washington, Arizona and California and are co-located with skilled nursing facilities already operated by affiliates of Ensign. The transaction is anticipated to occur across separate closings in the first half of 2022, subject to receipt of third-party approvals and other customary closing conditions. On the same day, Pennant Group announced that it has entered …
MISHAWAKA, Ind. — Sunshine Retirement Living has named Erika Hamilton as executive director at Heritage Point Assisted Living and Memory Care in Mishawaka, a suburb of South Bend near the Michigan border. Hamilton is a licensed healthcare facility administrator (HFA) with nearly a decade of experience in the senior living and healthcare industries. As executive director, Hamilton is responsible for all day-to-day management and operations of the community, including financials, marketing, government and community relations. She will also oversee all health and safety programs including new heightened procedures and protocols …
HATTIESBURG, Miss. — Claiborne Senior Living, a Hattiesburg-based operator, has hired Danielle Anderson and Nazima Drumm to its corporate management team. Anderson assumes the position of regional director of operations where she will be responsible for overall operations management at assigned communities in addition to other key projects. Prior to joining Claiborne, she served as vice president of care and programs for Galerie Living, a privately held management and development company. She has also served as a business officer director, executive director and chief compliance officer over the years. Drumm …
BELLEVUE, Wash. — Transforming Age, a nonprofit operator based in Bellevue, has hired Jeff Slichta as executive vice president of housing and hospitality. Slichta brings more than 25 years of senior living leadership experience and joins Transforming Age after 10 years with Sunrise Senior Living where he held the role of senior vice president of housing for the West Division. He was responsible for 150 senior living communities, 15,000 residents and 13,000 team members. Slichta joins Transforming Age at an time of growth in the organization’s 64-year history. Last week …
NORWELL, Mass. — Anthemion Senior Lifestyles has named Maria Lastoria the executive director of The Cordwainer, a memory care community scheduled to open in 2022 in the Boston suburb of Norwell. Lastoria has more than 30 years’ experience in senior living, and was recently named Executive Director of the Year by the Massachusetts Assisted Living Association. Lastoria previously served as regional director of operations overseeing six senior living communities in New England and has held several executive director roles within assisted living, memory care and luxury independent living communities. In …
LOMBARD, Ill. — Lifespace Communities has appointed Dan Bannon as executive director of Beacon Hill retirement community, a senior living community located in the Chicago suburb of Lombard. Bannon has extensive hospitality and senior living experience. He most recently served as executive director for Marian Village and Franciscan Village in the Chicago area. Bannon earned his bachelor’s degree in business administration from the University of Saint Francis in Joliet.
DALLAS — Continuing care retirement community Edgemere Dallas and its owner-operator Lifespace Communities have entered into a forbearance agreement with UMB Bank as lender and Intercity Investment Properties as lessee. The forbearance is intended to provide the time necessary to proceed with ongoing discussions towards a consensual agreement among the parties designed to strengthen the community’s financial position for the long term and achieve a more sustainable future, according to Lifespace. During the forbearance period, the parties agree to work cooperatively to reach a consensual resolution of the bonds and …
SCOTTSDALE, Ariz. — Alliance Residential Co. has announced Greystar will manage Overture Arcadia, an active adult community under construction in Scottsdale. Overture Arcadia is scheduled to open in December 2022.
GRAPEVINE, Texas — Blueprint Healthcare Real Estate Advisors has arranged the placement of a new tenant at The Lodge at Bear Creek in Grapevine. The Lodge at Bear Creek was built in 2016 and is licensed for 100 beds of skilled nursing and short-term rehabilitation. Grapevine is an affluent suburb approximately 21 miles northwest of Dallas, and the facility benefits from being near two prominent regional hospitals. The owner, ServiceStar Capital Management, sought to reposition the asset with a new operator. A Utah-based management company, Eduro Healthcare, was selected as …
The pandemic has proven that scale matters as the big not-for-profit providers get bigger and follow through on expansion plans. By Jane Adler Like their for-profit counterparts, nonprofit senior living providers face many of the same pandemic-related market dynamics. Consolidation is accelerating amid losses at troubled properties. The labor shortage is a big challenge. Communities are slowly starting to recover as occupancies inch upward. And inexpensive capital is still available, at least for the big providers whose expansion plans are moving forward. “We’re growing,” says Terri Cunliffe, president and CEO …