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 …
Balance and efficiency in seniors housing have always been the hardest-to-achieve goals of the post-acute care continuum. Electronic health record (EHR) software, integrated with existing technologies, can both promote consistency and save staff time. Once fully integrated, care platforms can create a cascade effect where purpose-built technologies improve the system of care: easier interfaces improve health records, analyze resident data and predict problems before they happen. Better records and data analytics save staff time and effort, so they can focus on improving care. Applying Technology to Post-Acute Issues Post-acute EHR …
Where are seniors housing valuations today and what might 2022 hold for the industry? These were the most pressing topics of the “Seniors Housing Valuation: What’s Ahead for 2022?” webinar, hosted by Seniors Housing Business and sponsored by V&IG. With alternative sources of capital, a clearer look at what deals may work or not and an expectation of rebounding occupancy and construction starts, seniors housing is starting to garner investor interest across the board. What trends might the coming year bring for industry players? Part of the appeal of the asset class …
CARLSBAD, Calif. — Integral Senior Living, an operator based in Carlsbad, has been selected to manage five senior living communities in Utah and Southern California. The properties include: Escalante at Draper in Draper, Utah, owned by MedCore Partners. Meadow Gardens of Menlo Park in Menlo Park, Calif., owned by Griffin-American Healthcare REIT III. Vista Terrace of Belmont in Belmont, Calif., owned by Griffin-American Healthcare REIT III. The Palms at La Quinta Assisted Living and Memory Care in La Quinta, Calif., owned by Columbia Pacific Advisors. The Palms at Bonaventure Assisted …