Summit Healthcare REIT on Thursday announced the appointment of a new CEO and a new COO. President Kent Eikanas will now serve as CEO of the Lake Forest, Calif.-based real estate investment trust (REIT), which has holdings in both senior housing and skilled nursing. Eikanas had held the title of president since September 2012, and […]
In striking a joint venture with Clover Management, real estate investment trust Welltower (NYSE: WELL) has brought a quickly expanding middle-market independent living company into the fold. In a $343 million transaction announced in late July, Toledo, Ohio-based Welltower acquired a portfolio of 32 Clover communities, including four under development. “Welltower is delighted to add […]
Global investment firm KKR (NYSE: KKR) is the new financial partner for Waltham, Massachusetts-based senior living provider Benchmark. At the end of July, real estate investment trust Welltower Inc. (NYSE: WELL) announced that it had disposed of its ownership interest in Benchmark for a gross sale price of $1.8 billion. At that time, Welltower and […]
As the baby boomer generation ages, demand for senior living is set to soar — and consumer expectations will also rise. Forward-thinking providers are already trying to meet the market by pursuing innovative building projects, with Touchmark and Canterbury Woods being two examples. “We’re trying to think of things outside the box and … keep […]
Silverado kicked off August with a party. The occasion was the grand opening of Silverado’s latest memory care community, in the northern Milwaukee suburb of Glendale. But, viewed in a certain light, the event could be seen as more significant: the start of a new chapter for the 23-year-old company. At the beginning of July, […]
Irvine, California-based Sabra Health Care REIT (Nasdaq: SBRA) is on the hunt for an investor to take a minority stake in a portfolio of 170 senior living communities operated by Chicago-based Enlivant. Sabra purchased a 49% equity stake in the portfolio in 2017, in a deal that valued the overall portfolio at $1.2 billion. The […]
Covenant Living CFO Jody Holt came to senior living just two years ago, but she hit the ground running, ushering in large-scale changes to position the nonprofit provider for the future. Those changes have included centralizing Covenant’s finance function — which involved making difficult job cuts — as well as shifting to a new fiscal […]
Walker & Dunlop has tapped an experienced team of senior housing brokers in Chicago as the firm expands its property sales platform to the Midwest. Managing Directors Josh Jandris and Mark Myers, along with Vice Presidents Jordyn Berger, Alex Vice and Mike Surak have made the move to Walker & Dunlop — all five were […]
After closely analyzing every one of its senior housing assets, real estate investment trust HCP (NYSE: HCP) has hit the accelerator to create a portfolio that will outperform the broader industry in the coming years. “It’s hard to predict too far into the future in senior housing, just given the uncertainty about continued new supply […]
Juniper Communities Founder and CEO Lynne Katzmann has combined a background in public policy with entrepreneurial acumen to become a senior living changemaker, creating an influential operating model and leading the industry in new directions. When she founded Juniper in 1988, Katzmann had a goal to shape public policy through her work at the company. […]
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