A Houston-based continuing care retirement community (CCRC) is the latest campus to file for Chapter 11 bankruptcy protection, as it aims to restructure $140.3 million in bond debt. The CCRC, The Buckingham, cited pressures stemming from multiple challenges including Hurricane Harvey in 2017 and the coronavirus pandemic, which impacted the community’s ability to attract new […]
With a reconstituted executive team in place, financial restructuring of one life plan community complete, and occupancy beginning to recover from 2020 lows, Lifespace Communities is now turning its attention to growth. Diversifying service lines and affiliating with smaller providers may be part of its strategy. The West Des Moines, Iowa-based nonprofit affiliated with Senior […]
Lifespace Communities CEO Jesse Jantzen had his work cut out for him when he joined the company in April 2020. He joined a nonprofit provider that entered into an affiliation with Texas-based Senior Quality Lifestyles Corporation (SQLC) in May 2019 — a merger that took a year in negotiations to complete. The SQLC affiliation brought […]
A continuing care retirement community (CCRC) owned by senior living nonprofit Lifespace Communities has filed for Chapter 11 bankruptcy. The 283-unit community, The Stayton at Museum Way in Fort Worth, Texas, defaulted on liabilities related to bonds issued in the amount of $109.7 million, including interest, according to a bankruptcy notice filed in the U.S. […]
Senior Quality Lifestyles acquires Indiana CCRC for $61M Cushman & Wakefield arranged the $61 million sale of Barrington of Carmel, a 267-unit continuing care retirement community in the Indianapolis suburb of Carmel, Indiana. Cushman & Wakefield Senior Housing team of Allen McMurtry, David Kliewer and Paul Carr represented an affiliate of Addison, Texas-based Senior Quality […]
The largest non-profit senior living provider in the state of California, HumanGood, will be extending its reach to the East Coast through a planned affiliation with Presby’s Inspired Life. The combined entity will be the sixth-largest national non-profit senior living provider, the organizations stated Monday in announcing the affiliation. Pleasanton, California-based HumanGood serves nearly 10,000 […]
CBRE completes $92 million refinancing of California senior housing portfolio CBRE National Senior Housing Vice Chairman Aron Will, First Vice President Austin Sacco and Vice President Adam Mincberg, along with CBRE Multifamily Institutional Group Vice Chairman Andrew Behrens, completed a portfolio refinancing on behalf of DeNapoli Capital Partners (DCP) for a five-property, 560-unit senior housing […]
Lifespace Communities has named an interim CEO following the departure of Sloan Bentley, who held that position until this month. Lifespace confirmed the news to Senior Housing News. The Des Moines, Iowa-based not-for-profit senior housing owner and operator named CFO Larry Smith as interim president and CEO. A senior living industry veteran with over 30 […]
Asbury Communities, Sodexo Hire Key Players in Joint Business Development Plan Asbury Communities, Inc. and Sodexo recently announced a joint business development plan in an effort to identify and develop services that will provide exceptional lifestyle opportunities for older adults. As part of the agreement, the two companies announced that Sandra Hegelein Lawson will serve […]
MBK Senior Living Names New President MBK Senior Living, the senior living division of MBK Real Estate LLC, named Jeff Fischer as president. In the role, Fischer will be responsible for leading the execution of MBK Senior Living’s strategic operations plans, team building and leadership, as well as providing a key role in the division’s […]
