New Senior Investment Group Names Smith CFO

New Senior Investment Group (NYSE: SNR) has appointed David Smith as executive vice president and CFO as part of its ongoing plan to internalize its operations. Smith, 37, is a real estate investment trust (REIT) veteran with 15 years of experience. He previously worked as a managing director with Fortress Investment Group (NYSE: FIG), where he […]

Top Senior Housing News Stories of 2018

For the second year in a row, Jimmy Buffett reigns supreme. The most-read article on Senior Housing News in 2018 was a news story about plans for a third Margaritaville active adult community. Last year, the most-read article was about plans for the first Margaritaville development. The sustained interest in these projects suggests that senior […]

Former Five Star Senior Living COO Herzig Leaves Company

Former Five Star Senior Living (Nasdaq: FVE) COO Scott Herzig has left the company. Herzig’s employment with the Newton, Massachusetts-based senior living owner and operator ended on Dec. 12, according to an SEC disclosure filed Monday. Herzig ended his roughly 18-year tenure with the company as senior vice president of senior living operations, a position he assumed […]

AbiliT Taps Senior Housing Management to Run 8 Wisconsin Communities

Senior Housing Management will manage an eight-community portfolio in Wisconsin thanks to a newly announced arrangement with senior housing owner AbiliT Senior Living. The Cedar Rapids, Iowa-based senior living operator on Jan. 14 will assume management of Milestone Senior Living communities in the Wisconsin towns of Cross Plains, Eagle River, Eau Claire, Hillsboro, Rhinelander, Stoughton, Tomahawk and […]

Former Senior Lifestyle Exec Pusateri Becomes CEO of True Connection Communities

Green Courte Partners, a Chicago-based real estate private equity firm, announced the hiring of former Senior Lifestyle Corporation co-COO Jim Pusateri as CEO of its senior living platform, True Connection Communities. Pusateri will also join Green Courte as a managing director. Pusateri joined Chicago-based Senior Lifestyle, the 8th-largest provider in the nation, as co-COO in […]

Five Star Names Katherine Potter as New President, CEO

Five Star Senior Living (Nasdaq: FVE) has named a new president and CEO, and current company leader Bruce Mackey is preparing his exit. The Newton, Massachusetts-based senior living owner and operator has chosen Katherine Potter to take the reins on Jan. 1, one day after Mackey is set to retire from the company. Potter, 42, first […]

Inside Welltower’s Efforts to Create a Quality Framework for Assisted Living

The National Assisted Living Quality framework released last month by health care real estate investment trust Welltower (NYSE: WELL) and Johns Hopkins Medicine (JHM) has the potential to establish a uniform set of best practices in assisted living and memory care communities across the country, and not just Welltower-owned properties. If that does indeed come […]

Brookdale Activist Shareholder Pushes Proposed OpCo/PropCo Split

One of Brookdale Senior Living’s (NYSE: BKD) most vocal investors has weighed in on its previously reported proposal to split the company into a real estate investment trust (REIT) and an operator. Stamford, Connecticut-based investment management firm Land & Buildings on Monday released an open letter to Brookdale’s shareholders detailing a recent meeting with members of […]