Transactions & Financings: Greystone Closes Largest-ever CLO; 4 Atria Communities Transition to Vitality

Financings Greystone closes on largest health care CLO Greystone announced it closed on a $450 million commercial real estate collateralized loan obligation (CLO), besting its own benchmark of $300 million set back in 2018. Like the CLO in 2018, this CLO is backed exclusively by bridge loans for health care projects, according to a statement […]

Covid-19 Bulletin: A Framework for Reopening Senior Living Communities; Some Nonprofits Face $3M to $5M Revenue Gaps

Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be updating this bulletin to keep you apprised of the latest developments, focusing on news and information that we identify as especially pertinent to senior living. The team at SHN knows how important your work is right now; we thank you and […]

HumanGood, Presby’s Affiliation to Create 6th-Largest Senior Living Nonprofit

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 […]

$150 Million Affiliation Gives United Methodist, Porter Hills Capacity to Expand

Two of Michigan’s top-rated senior living groups finalized a new affiliation last Friday, forming the third-largest nonprofit senior living owner-operator in the state. The affiliation between United Methodist Retirement Communities (UMRC) and Porter Hills Presbyterian Village creates a combined $150 million organization with 13 communities across lower Michigan, serving more than 6,700 residents and employing […]

In the Pipeline: Senior Housing Construction Projects (11/30/17)

Construction: Planned New Jersey Community Plotting $38 Million Expansion and Renovation Harrogate, a Life Care Services community in Lakewood, New Jersey, has announced plans to start a $38 million expansion and renovation project. The project, expected to break ground in late 2018 or early 2019, will include 31 new independent living apartments and 48 new […]

Why This Senior Living Provider is Paying People to Become CNAs

It’s no secret that the senior living industry is dealing with a labor shortage, forcing some providers to get creative with staffing. To help beat the crunch, a United Methodist Retirement Communities (UMRC) location in Chelsea, Michigan, is taking an extra step to snag a few good certified nursing assistants: paying for their training. Chelsea Retirement Community […]

Movers & Shakers — NIC Names New President

National Investment Center for Seniors Housing & Care Appoints New President  Brian Jurutka has been appointed as president of National Investment Center for Seniors Housing & Care (NIC), effective August 3, 2015. Jurutka joins NIC from comScore, Inc., a leader in digital analytics, where he served as senior vice president, Telecom, and GM for comScore’s wireless operator […]

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

CCRC Foundation Appoints New Director  Capitol Lakes Foundation, a nonprofit dedicated to improving the lives of residents at Wisconsin-based continuing care retirement community (CCRC) Capitol Lakes, has hired Elaine Friedman Glowacki as its new director.  Glowacki has served 18 years in nonprofit management focusing on customer satisfaction, fundraising, marketing and communications. She was a fundraising and […]

Movers & Shakers — People and Positions for January, Part IV

Kindred Healthcare Names EVP, COO Kindred Healthcare, Inc. (NYSE: KND) has announced that it has named Kent H. Wallace executive vice president and chief operating officer, effective Feb. 2, 2015. Wallace will be a member of the company’s Executive Committee. Previously, Kindred announced that Benjamin A. Breier, currently president and COO, will become CEO on March […]