Marcus & Millichap Appoints New CEO National brokerage firm Marcus & Millichap, Inc.’s board of directors promoted Hessam Nadji, its current senior executive vice president, to the role of CEO. The appointment comes after it was announced that current CEO John Kerin will retire March 31. Nadji joined Marcus & Millichap in 1996, most recently […]
Category: Management & Operations
Whether repositioning an older community or building fresh from the ground up, decorating can make or break a senior living project. Sure, some senior living facilities boast world-class art—but not every community is going to have this opportunity. Every provider can, however, use artwork to increase resident satisfaction and drive interest in its communities. Senior Housing News […]
About two months after a new CEO arrived at Holiday Retirement, the independent living giant is going through further changes in its leadership. Scott Shanaberger is transitioning from chief financial officer to chief operating officer, the Lake Oswego, Oregon-based provider announced Wednesday. Tyler Nelson, previously senior vice president of finance, is stepping into the CFO […]
Brookdale Senior Living (NYSE: BKD) announced today that Mark Ohlendorf, the company’s president, and Kristin Ferge, the company’s executive vice president and former chief accounting officer and treasurer, will step down in the coming weeks. The company’s CEO, Andy Smith, will assume the role of president and CEO, according to a company press release. The […]
Senior Star has doubled down on its calls for Five Star Quality Care Inc. (NYSE: FVE) to sell its 33 owned assets for $325 million as a means to unlock the company’s intrinsic value. On March 1, Tulsa, Oklahoma-based Senior Star issued a 7-page letter of concern to other Five Star shareholders regarding this issue. Senior Star […]
Capital Senior Living (NYSE: CSU) CEO Larry Cohen exuded confidence during a call with investors on Thursday, emphasizing the company’s strengths and its alignment with all shareholders— months after being publicly pressured to consider a sale. In particular, Dallas-based Capital Senior Living does not share some of the same challenges as its competitors, has a size that puts it at a competitive […]
With stronger earnings and a plan to recapture shareholder value, things might be turning around for New Senior Investment Group (NYSE: SNR). The company, which has been hounded by shareholders over its declining stock price and outside management structure, reported higher occupancy rates for the end of 2015 and beat revenue estimates by more than […]
The nation’s largest senior living provider previously announced it reduced hospitalizations and cut costs during its pilot of a checklist tool in assisted living—and now it has shared some new numbers demonstrating its success. Brookdale Senior Living (NYSE: BKD) saw its hospital admissions fall an average of 17% across 46 of its assisted living communities and an […]
The Goodman Group Appoints New CFO Minnesota-based senior living developer and manager The Goodman Group promoted Clint Knacke to serve as the company’s chief financial officer. Knacke has been with The Goodman Group for almost 20 years, most recently as controller. He joined the company in 1996 as a retail accountant, and for the past […]
Greystone Real Estate Advisors Closes $44.8 Million Indiana Portfolio Greystone Real Estate Advisors, the seniors housing and multifamily real estate services group of financial and private investment group Greystone, has closed the $44.75 million sale of a two-property seniors housing portfolio in Indiana. The properties were sold to an undisclosed private equity investment fund on […]
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