Chicago Pacific Founders (CPF) has begun acquiring Medicare Advantage companies, and leaders with the private investment fund are seeing synergies with the senior housing communities in their portfolio — with much greater integration likely in the future. “The plan is for it to grow exponentially,” CPF Founding Operating Partner John Rijos [pictured above] told Senior […]
Beatitudes Campus, well known for its Comfort Matters memory care approach, has embarked on a $260 million, eight-year repositioning to transform and expand its presence in Phoenix. “We created a plan that will touch virtually all of our 27-acre campus,” Beatitudes President and CEO Michelle Just told Senior Housing News. Beatitudes first opened in 1965, […]
Having recently acquired an operating company, private equity firm Bridge Investment Group also plans to expand its portfolio of senior housing communities managed by third parties — although current high M&A prices are a concern. “We’ve seen pricing continue to get richer and richer and it is very concerning to us,” Bridge Seniors Housing Fund […]
Benchmark Senior Living on Clapboardtree is located about 10 miles from Gillette Stadium, so it’s natural that many residents were thrilled when the New England Patriots won the Super Bowl in February. And just a few days later, they were excited to attend the parade in Boston celebrating the win — via virtual reality. Virtual […]
In the midst of industry headwinds, The LaSalle Group is focused on business basics in 2019 — but the Dallas-based company has some new initiatives underway as well. Notably, it is rolling out a new brand called “The Whitley” and is forging ahead with technology initiatives to streamline sales and marketing. LaSalle is an integrated […]
Kim Lody has been focused on leading an operational turnaround since taking the helm in January at Capital Senior Living (NYSE: CSU). She is aiming to get the company on a firm footing so that it can be nimble in the years ahead, as she anticipates that senior living will go through a major evolution. […]
A new real estate investment trust (REIT), White Oak Healthcare REIT, is looking to invest $500 million in a mix of senior living and skilled nursing assets. That will equate to about $1.5 billion with leverage factored in, Jeff Erhardt, managing director and chief investment officer of the REIT, told Senior Housing News. The privately […]
In recent years, senior living providers have debated whether a health care model or a hospitality focus makes more sense for the future — but this debate is shifting. Providers must inevitably offer more health care, yet they must do so without compromising the fundamental value propositions of the industry, which is rooted in a […]
A tech world luminary has turned his attention to solutions targeting older adults — and he believes that the senior living sector will undergo “major change” within the next decade. Alexis Ohanian rose to fame as the co-founder of Reddit. The social news website was acquired by Conde Nast in 2006 for a reported $10 […]
HHHunt Corporation plans to invest $128.4 million to develop new senior living communities this year under its Spring Arbor brand. The Blacksburg, Virginia-based firm also intends to enter the active adult space and is on track to have a development pipeline underway by the fourth quarter of 2019. The new Spring Arbor developments include two […]
