Movers & Shakers — People and Positions for June, Part I

June brings with it the longest daylight hours of the year for the U.S. and the rest of the northern hemisphere. The month also shuttles in promotions, new jobs and changes in leadership for senior living professionals and organizations.  Looking for a new job, or even a new career? Check out senior housing employment opportunities […]

Erickson to Own the Devonshire CCRC Through Pre-Packaged Bankruptcy

Devonshire PGA Holdings LLC and its associated entities, a continuing care retirement community based in Palm Beach Gardens, Fla., filed for chapter 11 bankruptcy protection in the U.S. Bankruptcy Court in Wilmington, Delaware on Thursday. A consensual deal has been reached by the CCRC’s owners and Erickson, the secured lender, and will be implemented through a […]

High-End Florida CCRC Defaults on $158.2 Million Loan, in Danger of Receivership

A high-end continuing care retirement community in Florida has defaulted on its $158.2 million mortgage loan, and the state Department of Financial Services’s Division of Rehabilitation and Liquidation is in the process of being appointed as receiver for purposes of rehabilitation, according to court documents. Devonshire at PGA National, LLC, the community’s owner, is a […]