Welltower Agrees to Sell Western Portfolio for $740M

TOLEDO, Ohio — Welltower (NYSE: WELL) has agreed to sell a portfolio of seniors housing properties in California, Nevada and Washington for more than $740 million. The announcement was made on the company’s fourth-quarter earnings call on Wednesday, Feb. 12.

LCS Plans $8M in Renovations to Laurel Circle in New Jersey

BRIDGEWATER, N.J. — LCS has unveiled plans for an $8 million revitalization of Laurel Circle, an independent living community in Bridgewater, approximately 40 miles southwest of Manhattan. The community’s wellness center will see some of the most dramatic changes, according

American Society on Aging Names Former Obama Advisor as CEO

SAN FRANCISCO — The American Society on Aging (ASA), a San Francisco-based association of more than 5,000 professionals seeking to improve the quality of life of older adults and their families, has appointed Peter Kaldes as chief executive officer. Kaldes

Civitas Senior Living Opens 83-Unit Alexis Pointe Community in Texas

WIMBERLEY, Texas — Civitas Senior Living has opened the doors on Alexis Pointe Senior Living in Wimberley, a small city between Austin and San Antonio. Totaling 55,000 square feet, the property features 10 independent living cottages, 49 assisted living apartments

New Perspective Plans Four-Story Community in Elgin, Illinois

ELGIN, Ill. — New Perspective Senior Living has unveiled plans for New Perspective – Elgin, a seniors housing community in Elgin, approximately 25 miles northwest of downtown Chicago. The four-story structure will offer independent living, assisted living and memory care.

OnShift Acquires Talent Acquisition Software Provider Avesta Systems

CLEVELAND — OnShift, a Cleveland-based software company serving the healthcare industry, has acquired Avesta Systems Inc., a provider of talent acquisition software and services that streamline recruiting and hiring processes. Avesta’s software, now called OnShift Employ, manages the talent acquisition

HJ Sims Arranges $55M Bond Financing for CCRC Expansion in Ohio

UPPER ARLINGTON, Ohio — HJ Sims has arranged a total of $55 million in bond financing for First Community Village, a continuing care retirement community (CCRC) in Upper Arlington, a suburb of Columbus. National Church Residences manages the community. The

Monticello Funds $15.8M Financing for 126-Unit Portfolio in Tennessee

TENNESSEE — Monticello and its affiliates have provided $15.8 million in first lien debt financing for the acquisition and renovation of three assisted living and memory care communities in Tennessee. The portfolio totals 126 units. The borrower is an owner-operator

MedCore, TNRG Buy 189-Unit Community in Texas

LONGVIEW, Texas — MedCore Partners and The National Realty Group (TNRG) have acquired Parkview on Hollybrook, a 189-unit senior living community in Longview, approximately 60 miles west of Shreveport, Louisiana. The campus offers 126 independent living, 41 assisted living and

ESI Brokers Sale of Cedar Creek Senior Living in Madera, California

MADERA, Calif. — Evans Senior Investments (ESI) has arranged the sale of Cedar Creek Senior Living, a 112-unit independent living, assisted living and memory care community. The property is located in Madera, approximately 25 miles northwest of Fresno. Originally built