CHICAGO — Partner Valuation Advisors, a Chicago-based national commercial real estate valuation advisory firm, has expanded its seniors housing team with the hiring of seven professionals. The new additions are spread across five states and include Shawn-James O’Connor, executive vice president; Patrick McCrae, director; Andrea Roberts, director; Bradley Grossa, director; Allison Stavinoha, director; Karlie Guta, senior vice president; and Jacob Sandler, associate. O’Connor brings over 23 years of expertise in seniors housing and health care. Throughout his career, he has focused on valuation and consulting engagements encompassing a diverse range …
NEWARK, Del. — Life Care Services has named Kristopher Brown as executive director of Millcroft Living, a seniors housing community in Newark, located between Philadelphia and Baltimore. Brown 20 years of experience, starting as a caregiver. He earned a degree in health sciences with a minor in physics and then became a certified-dementia practitioner.
SKOKIE, Ill. — Presbyterian Homes, a Skokie-based operator, has named Shannon Gutierrez as chief operating officer. Gutierrez will provide operational oversight, including team building, development and technology implementation for the three CCRCs (Lake Forest Place, The Moorings of Arlington Heights and Westminster Place) and rental community (Ten Twenty Grove) Presbyterian Homes manages. Gutierrez brings more than 25 years of hands-on experience in the senior living industry and most recently served as national vice president of operations for Anthem Memory Care. She holds a bachelor’s degree in social work from the …
WILMINGTON and NEWARK, Del. — Life Care Services has promoted Janet Belles from director of nursing to clinical specialist. In this role, she will provide clinical support for the healthcare centers at Foulk Living in Wlimington, Shipley Living in Wilmington and Millcroft Living in Newark.
Owners and operators considering an exit strategy today face a challenging economic environment. Higher interest rates have slammed capital markets. Valuations are in flux. Transactions have slowed. And the pool of potential buyers has dwindled. As an alternative to an outright sale to a third-party, an often-overlooked option is an exit to an employee stock ownership plan (ESOP). These plans allow business owners to sell all or part of the company’s stock to employees, allowing owners to diversify wealth away from the business while limiting their future liability. Ultimately, …
CHICAGO — Hinshaw & Culbertson LLP, a Chicago-based law firm with offices around the world, has neamed Adam Guetzow as co-practice group leader of the firm’s national healthcare practice. Guetzow will serve alongside current interim practice group leader Stephen Moore. As part of his new role, Guetzow will lead the firm’s strategic expansion of its current healthcare practice, including an emphasis on aging services and long-term care capabilities. Hinshaw’s aging services practice has grown exponentially in the past few years in response to industry expansion and a growing need for …
ANNAPOLIS, Md. — The National Investment Center for Seniors Housing & Care (NIC), an Annapolis-based nonprofit providing data to the seniors housing industry, has appointed five new members to its board of directors: Bre Grubbs, partner and chief strategy officer of Leisure Care, who becomes assistant secretary Vikas Gupta, senior vice president of acquisitions and development at Omega Healthcare Investors Inc. Severine Petras, CEO and co-founder of Priority Life Care Kathy Ryser, senior director of seniors housing underwriting and credit at Freddie Mac Aron Will, vice chairman of CBRE, who …
ALEXANDRIA, Va. — Argentum, an Alexandria-based trade association serving the seniors housing industry, has elected Sevy Petras, CEO and co-founder of Priority Life Care, to its board of directors. As an Argentum board member, Petras will help support and enhance the organization’s advocacy efforts on behalf of the industry on a number of key initiatives, including working to increase access and affordability of assisted living.
CHARLOTTESVILLE, Va. — Commonwealth Senior Living, a Charlottesville-based operator, has named Reuben Canty, Mark Kane and Rick Barley as regional vice presidents with the company. These new regional leaders bolster Commonwealth’s operational and management teams as it continues to grow its portfolio and seeks to provide the best possible support to its communities within the eastern United States. Additionally, the company promoted Kim Hurt to vice president of operations. Canty joined Commonwealth Senior Living in 2015 as a resident care director. He was promoted to executive director where he served …
WALTHAM, Mass. — EPOCH Senior Living, a Waltham-based operator, has promoted Michael Gordon to chief investment officer. Gordon has been a member of EPOCH Senior Living’s leadership team for nearly 25 years. Most recently, he was senior vice president of planning and development. Over the course of his career with the company, he has overseen and been involved with the long-range planning, budgeting and development of 16 of EPOCH Senior Living’s properties. As CIO, Gordon will be responsible for focusing on driving new initiatives, improving market research, procurement and employee …