GREER, S.C. — Phoenix Senior Living has formed a joint venture with Whitehall Development Group to take over operations of Thrive at Greer in Greer, approximately midway between Greenville and Spartanburg. Wells Fargo is the lending partner. Phoenix will rebrand the property as “The Phoenix at Greer.” The property features 89 units of assisted living and memory care.
Operations
Spurred by increased industry competition and opportunity from the long-awaited baby boomer arrival, seniors housing executives with operating experience are launching management companies. It’s a start-up wave occurring amidst a surge in construction. Owners and investors, looking for new approaches, are eager to partner with new firms run by experienced managers to quickly fill new projects and boost occupancy at old ones. At the same time, multifamily developers sense an opportunity and are creating new divisions headed by seniors housing pros ready to tweak old formulas to attract younger retirees. …
MONUMENT, Colo. — WellAge has named Dena Mackey as executive director of Jackson Creek Senior Living, a 137-unit independent living, assisted living and memory care community in Monument, located between Denver and Colorado Springs. Mackey has more than 16 years’ experience in the senior living industry. She started her career as a certified nursing assistant in an memory care unit and eventually worked at Poudre Valley Hospital on the medical floor and in the operating room. Mackey has also worked as an assisted living director, memory care director and hospice …
Waltonwood Communities Names Chris Leinauer as Executive Director of Property in Virginia
by Jeff Shaw
ASHBURN, Va. — Waltonwood Communities has named Chris Leinauer as the new executive director of Waltonwood Ashburn, located approximately 30 miles northwest of Washington, D.C. Leinauer brings over 15 years of experience in senior living to his new role. Previously, he served as a director of operations, executive director, and most recently as a regional vice president responsible for 29 senior living properties across five regions. Leinauer received his bachelor’s degree and M.B.A. from Frostburg State University. Waltonwood at Ashburn features 114 independent living apartments, 72 assisted living apartments and …
ReNew, Merrill Gardens Form Joint Venture to Operate Bulk of Former New Senior Portfolio
by Jeff Shaw
SEATTLE and TOLEDO, Ohio — Merrill Gardens, a Seattle-based owner-operator, has formed a joint venture with ReNew, a Toledo-based REIT. The two companies will co-own 26 of the 28 seniors housing properties that ReNew is acquiring from New Senior Investment Group.