Transactions & Financings: Sparrow Partners Buys Texas Active Adult Community; Charter Senior Living Acquires Atlanta Property

Transactions 12 Oaks Managing 4 Longview Communities in Oklahoma 12 Oaks Senior Living deepened its relationship with Longview Senior Housing by taking on management of four assisted living and memory care communities in Oklahoma. In addition to the four Oklahoma communities, 12 Oaks manages six Longview senior living communities in Texas. Financings Ziegler Closes Nearly […]

Transactions & Financings: Juniper Expands Presence in Texas; Sienna, Sabra Health Care REIT to Acquire Community in Canada

Financings MidCap Financial Closes Loan for South Carolina Community MidCap Financial announced that it has closed a $20.5 million floating-rate first mortgage loan with Valeo Groupe Americas. The loan facilitated the recapitalization of Vineyard Bluffton, a Class A senior housing community in Bluffton, South Carolina, with 96 assisted living and memory care units. Transactions Juniper […]

Aegis, Sabra, New Perspective Adapt Strategies for Covid-19 Paradigm Shifts

When will the Covid-19 pandemic end? Not anytime soon, according to the leaders behind Aegis Living, New Perspective and Sabra Healthcare REIT (Nasdaq: SBRA). All three companies are making preparations now to position their companies to weather the pandemic for the next 24 to 36 months. For instance, Aegis has formed a “virus council” made […]

In the Pipeline: Cypress Cove’s $60M Expansion; South Bay Partners Breaks Ground in California

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends and the annual SHN Awards Competition. Construction: Planned Cypress Cove at HealthPark Florida Planning $60M Active Adult Community Cypress Cove at […]

Movers & Shakers: Discovery Adds Operations Leaders; Cadence Hires VP of Operations

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

Transform Podcast #14: Ryan Novaczyk of New Perspective Senior Living

New Perspective Senior Living has its work cut out to accomplish ambitious goals, and it has a new CEO leading the way. The Minnetonka, Minnesota-based senior living provider has set a goal of serving 10,000 older adults by 2025, and accordingly ramped up its pipeline in recent months. New Perspective also named Ryan Novaczyk as […]

New Perspective CEO: Our Big Growth Push Could Include Active Adult, Middle Market Plays

New Perspective Senior Living has a new CEO — and soon, the company might venture into new product types, too. The Minnetonka, Minnesota-based senior living provider is exploring both middle-market and active adult senior housing, according to CEO Ryan Novaczyk. “We think it’s interesting,” Novaczyk said during a recent appearance on the Senior Housing News […]

In the Pipeline: Thrive’s First Maryland Community; Benchmark Expands on Long Island

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends and the annual SHN Awards Competition. Construction: Planned Assisted Living, Memory Care Community Planned in Connecticut Senior Living Advisors (SLA) recently […]

New Perspective Names Ryan Novaczyk as CEO, Chris Hyatt as President

There’s a new CEO and a new president at New Perspective Senior Living. The Minnetonka, Minnesota-based company on Monday named Ryan Novaczyk as CEO and Chris Hyatt as president. The duo previously worked as the company’s president/CFO and partner/COO, respectively.  Todd Novaczyk, Ryan’s father, the company’s founder and its first CEO, is transitioning to chairman […]