A HumanGood community, a community that recently changed hands and a community with hospitality “DNA” have taken the top three spots in a new list ranking the top 250 continuing care retirement communities (CCRCs) in the U.S. The “America’s Best Continuing Care Retirement Communities” list, publicized Wednesday, is yet another effort from a national organization […]
Edgemere
Sales Edgemere Closes Sale Embattled Dallas-based senior living community Edgemere announced that it has sold to Bay 9 Holdings, an affiliate of Lapis Advisers. Lapis Long Hill at Edgemere took over management of the property on June 14. The final sale comes after more than a year of bankruptcy negotiations that includes more than $143 […]
Nearly one year after Lifespace Communities filed for Chapter 11 bankruptcy, ownership and management of its Edgemere community has changed hands. Bay 9 Holdings, an affiliate of Lapis Advisers, is set to buy Edgemere and task operator Long Hill at Edgemere, a wholly-owned subsidiary of United Methodist Homes, with managing the community. Shelton, Connecticut-based Long […]
Lifespace Communities is lending “unprecedented support” to its troubled Edgemere community in Dallas as the property shifts to a rental payment structure for residents. The Des Moines-based senior living operator has put forth a bid to support the embattled property ahead of a potential sale by agreeing to fund up to $143.4 million of the […]
The senior living bond market continues to grapple with bankruptcies and new defaults on the horizon as financial distress persists at the tail end of 2022 Senior living companies accounted for more than $600 million in first-time payment defaults, representing about 46% of the $1.33 billion of total first-time defaults so far in 2022, according […]
The Chapter 11 bankruptcy saga of a Dallas, Texas CCRC is heating up, with the landlord in the case recently claiming the operator’s plan forward was something out of a “Disney fairy tale.” Attorneys on behalf of Intercity Investment Properties filed a motion to dismiss the Chapter 11 case brought by Dallas, Texas-based continuing care […]
A luxury community owned and operated by Lifespace Communities is filing for Chapter 11 bankruptcy after encountering financial headwinds due to the Covid-19 pandemic. The Dallas, Texas-based continuing care retirement community (CCRC), Edgemere is currently negotiating with its financial stakeholders on a restructuring plan, according to an April 14 press release about the bankruptcy filing. […]
A not-for-profit senior living operator with nine senior living communities Texas is filing for liquidation through Chapter 7 bankruptcy. The operator, Glen Hope Harbor — which exists under the umbrella of Texas nonprofit The Emmaus Calling — owns nine assisted living and memory care communities totaling 144 units under the name Autumn Grove Cottages in […]
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Kindred Healthcare Names Peter K. Kalmey as President of Hospital Division Kindred Healthcare, Inc., the largest post-acute services provider in the country, announced that Peter K. Kalmey is the new president of its hospital division, effective Jan. 1, 2016. Kalmey will be a member of the company’s executive committee. Kalmey succeeds Steven L. Monaghan, who […]
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