AUSTIN and DALLAS, Texas — Newmark has hired Chris McColpin and Andrew Porteous as senior managing directors specializing in debt, equity and structured finance services within the firm’s capital markets practice. Based in Austin and Dallas, respectively, McColpin and Porteous will join director Josh Francis to lead the commercial debt efforts in Texas while working closely with Newmark’s industrial, office and multifamily capital markets professionals. They will report to Ran Holman, executive vice president and Texas market leader. Prior to joining Newmark, McColpin served as a managing director of JLL …
NEW YORK CITY — Newmark has hired John Ward as vice chairman of its multifamily capital markets group. Based in New York, Ward specializes in the origination of debt products for multifamily and other commercial assets nationwide, including Fannie Mae, Freddie Mac, FHA/HUD, CMBS, life company, banks, preferred equity/mezzanine and bridge loan executions. With more than three decades of commercial real estate development, valuation and debt origination experience, Ward has placed and structured over $15 billion in capital through varying executions and capital structures for an array of property types. …
MAPLE GROVE, Minn. — Grace Management Inc., a Maple Grove-based operator, has promoted Jenna Johnston to regional director of operations. Johnston joined Grace Management in April 2020 as the executive director of The Residence at Bethel Park, located in Bethel Park, Pennsylvania. It is at Bethel Park where she began to make her mark, leading this community and team up to 100 percent occupied with strong financial results. Within 16 months, Johnston was promoted to senior executive director and began to support The Residence at Whitehall, located in Pittsburgh. She …
CARLSBAD, Calif. — Integral Senior Living, a Carlsbad-based operator, has named Cassondra Blair as national vice president of operational services. Blair has been with Integral Senior Living for 11 years, previously serving as national director of organizational services, project manager and licensing expert. Blair will oversee the day-to-day system management responsibilities to ensure that there is smooth running of customer service operations and find a way to ensure positive experiences for residents and their loved ones.
FORT WAYNE, Ind. — Priority Life Care (PLC), a Fort Wayne-based national seniors housing operator, has promoted Marilou Hudanick to the position of vice president of quality services/assurance. In her new role, Hudanick will oversee all regional clinical nurses. Additionally, she will be responsible for ensuring compliance with state regulations and risk management policies. Hudanick has over 30 years of experience as a registered nurse, starting in acute care settings. Eventually, she transitioned to home health. Hre previous titles include director of nursing in assisted living, administrator/executive director, and regional …
By Dan Lindberg, founder and principal, Applied Economic Insight Labor shortages took center stage for business leaders and economists across many sectors of the economy during the Great Resignation toward the end of the COVID-19 pandemic. Such shortages, however, are nothing new for seniors housing and care providers. While required staffing ratios and regulations add to this, at heart seniors housing is an operationally intensive business. It takes people to serve people. That said, labor is a two-sided coin. On the first side, we have staffing levels measured in terms …
PHOENIX — Life Care Services has updated its executive team roster with two internal promotions and a new hire. Stewart Ingram was promoted to regional operations manager for Life Care Services (LCS). He has been working with Sagewood and its parent company, LCS, for more than 31 years and was Sagewood’s executive director for 17 years. In his new role, Ingram will oversee the operations of LCS-managed communities in the San Diego and San Francisco Bay markets. To fill the position of executive director at Sagewood, an LCS community in …
LOS ANGELES — Newmark has hired capital markets debt and structured finance veteran Bill Fishel as executive vice chairman. Fishel specializes in raising debt and equity capital for institutional-grade assets and developments across North America, with a particular focus on structured finance. He will report to Chad Lavender, president of capital markets for North America at Newmark. In his 14-year career, Fishel has executed over $15 billion in financing for a wide range of asset classes, including retail, office, multifamily, industrial, hospitality, single tenant, land and data center properties. His …
SKOKIE, Ill. — Covenant Living Communities and Services, a nonprofit, faith-based senior living organization headquartered in Skokie, has hired Jay Prince as senior vice president of community operations. In his new role, Prince will work closely with leadership at Covenant Living’s central office and with top leadership at each of the organization’s 19 communities across the country with a main focus on operations such as dining services, facilities management, resident life, skilled nursing, assisted living and memory support. Prince has 20 years’ experience in senior living and healthcare. He most …
DENVER — Confluent Development, a Denver-based real estate investment and development firm, has promoted Matt Derrick to managing director of the firm’s senior living development division. Derrick will spearhead Confluent Senior Living’s continued strategic expansion plans both in its projects and internal team growth. Since joining Confluent in 2016 as a senior development director, Derrick has led the development team in the completion of nearly $600 million in senior living development projects, divided across 14 properties. In addition, Derrick has led the team to a $400 million senior living and …