New Discovery COO: We Want to Create Resident Experiences That Set Us Apart

With 18 years at luxury CCRC developer, owner and operator Vi Living — the last two as COO — Bill Sciortino was in high demand with executive search firms across the country. But when recruiters called called him with job openings, Sciortino would pass, he told Senior Housing News. “I pretty much dismissed every [opportunity] […]

Transactions & Financings: Senior Housing Management Expands Operations; Ensign Acquires in California

JLL advises Welltower on $1.8B Benchmark portfolio sale JLL (NYSE: JLL) represented Welltower (NYSE: WELL) in the Toledo, Ohio-based REIT’s $1.8 billion disposition of 48 properties operated by Waltham, Massachusetts-based Benchmark Senior Living, to an unnamed buyer. The 4,137-unit portfolio consists of 48 assisted living properties located in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island […]

Brookdale Names New Chief Information Officer

Brookdale Senior Living (NYSE: BKD) added another member to its executive team with the hiring of Chris Bayham as Chief Information Officer. He will report to CFO Steve Swain and replaces Hank Reimer, a Brookdale vice president who had been filling in the role since former CIO Andrew Laudato left the Brentwood, Tennessee-based operator last […]

LTC Completes Thrive Transition, Fine Tunes Acquisition Strategy

LTC Properties (NYSE: LTC) spent the first half of 2019 addressing underperforming operator partnerships and now believes it has set up its portfolio for improved performance in the year’s final months. Notably, the Westlake, California-based health care real estate trust completed the transition of six properties previously operated by Thrive Senior Living, and LTC is […]

NHI Expects Payoffs from ‘Fast and Furious’ Acquisitions, Transitions

National Health Investors (NYSE: NHI) expects its recent spate of acquisitions, and transitioning of struggling properties, to pay off with sustained revenue growth starting in 2020. The Murfreesboro, Tennessee-based health care real estate trust completed or announced $295 million in acquisitions in 2019, and is working on its transition portfolio of nine properties to improve […]

After Restructuring, Five Star Posts First Quarterly Profit Since 2013

Five Star Senior Living (Nasdaq: FVE) has regained financial stability and is driving forward with operational initiatives. After posting a $33.2 million net loss in the first quarter of 2019, the Newton, Massachusetts-based senior living provider on Wednesday reported $4.2 million of net income in the second quarter, spurred by the completion of several transactions […]

Five Star Names Real Estate Veteran Wigglesworth as COO

After eight months, Five Star Senior Living (Nasdaq: FVE) has a new COO. The Newton, Massachusetts-based senior living owner and operator hired Margaret Wigglesworth for the role. She will assume her duties effective August 12, according to a release announcing the hire. Five Star has been without a COO since Scott Herzig left the company […]

Discovery Senior Living Names First COO in Wake of Sizable Deals

Discovery Senior Living is adding to its executive leadership by naming its first COO, the latest move in a period of rapid growth for the Bonita Springs, Florida-based company. Discovery hired Bill Sciortino for the newly created role. He was most recently in the same role at Chicago-based luxury senior living developer, owner and operator […]

WRC Development Continues to Expand Towne Club Senior Living Brand

WRC Development Partners started building senior housing out of necessity, but solid returns have led to a robust platform. Today, the affiliate of New York City-based real estate investment brokerage and construction consultant Whitestone Realty Capital has operational partnerships with three highly regarded operators, a deep development pipeline and an eye on exiting the properties […]