Transactions Stellar Senior Living expands in Arizona Stellar Senior Living announced it has expanded its Arizona footprint with the addition of La Sonora at Dove Mountain in Marana, Arizona. The community offers assisted living, independent living and memory care services, a press release states. Features include “upscale amenities, restaurant-style dining, spacious apartments and an active […]
Category: Finance & Development
This story is part of your SHN+ subscription As lending remains tough, senior living operators are forming new relationships with family office investment groups to secure additional growth capital in 2025. Family office investment in senior living is not the norm in the industry, but as acquisition opportunities remain plentiful and development remains stalled, providers […]
Transactions Chicago Pacific Founders acquires two communities Chicago Pacific Founders and its subsidiaries CPF Living Communities and Grace Management Inc. have acquired The Summit of Citrus Hills in Hernando, Florida and The Summit of Coralville in Coralville, Iowa. Grace Management is assuming management of both communities, according to a press release. The communities align with […]
Post-acute senior care operator Genesis HealthCare has filed for Chapter 11 bankruptcy. Genesis HealthCare operates 15 assisted living communities and senior living properties, according to its website. In court records reviewed by Skilled Nursing News, a Senior Housing News sister publication, Genesis faced “legacy liabilities.” “During the first half of 2025, the company and its […]
The Kiser Group is launching a new senior housing brokerage business, with longtime senior living financial services expert Mark Myers to lead the division. Kiser Group Co-Founder Lee Kiser told Senior Housing News on Monday the Chicago, Illinois-based real estate firm had been “exploring the potential to launch specialized multifamily divisions” which resulted in expanding […]
Transactions LCS assumes management of Hearthwood Senior Living LCS has assumed management and renamed Hearthwood Senior Living, formerly The Oaks at Bartlett in Bartlett, Illinois. The community has been converted to a rental model rather than requiring entrance fees, according to a press release. The release adds the changes to Hearthwood’s operations makes it the […]
Macquarie Asset Management has launched Health Wave Partners, a new senior housing platform looking to target investments in assets alongside established operators. The platform is being led by John Cobb as CEO; Phillip Kayden as chief investment officer; Elliott Pessis as chief operating officer; Sean O’Malley as managing director of finance; and Holden Torrens as […]
Transactions Senior Living Communities acquires 16th community Senior Living Communities announced it has acquired its 16th community in The Gables, a community in Greenville, South Carolina. The expansion “strengthens the company’s presence in the Upstate region and furthers its mission to deliver exceptional, person-centered care to seniors and their families,” a press release states. Senior […]
NIC MAP CEO Arick Morton has good news and bad news for the senior living industry. The good news is that baby boomers are now the wealthiest generation of Americans by way of median net worth. That will boost their ability to afford senior living communities, even as the middle-market challenge and opportunity remains. The […]
A majority of investors of senior housing properties believe that cap rates will decrease and that operators will raise monthly rental rates by 3% to 7% in the coming 12 months, according to a new CBRE survey. The survey, conducted in late April, is based on responses from senior living professionals working for deal brokers, […]
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