Transactions & Financings: Prime Care’s $285M Refinancing; $95M Single-Site Sale

Prime Care refinances 13-property portfolio for $285M Prime Care Properties secured a $285 million refinancing package for its portfolio of 13 senior housing properties in Connecticut, Florida, Georgia, Maryland, New Jersey, North Carolina and Tennessee. The total portfolio consists of 1,081 assisted living, 301 memory care, and 85 skilled nursing units. Capital One closed on […]

A Place for Mom CEO: Company Will Be Reinvented in Next 2 Years

A Place for Mom’s new CEO, Larry Kutscher, is working to reinvent the company within two years, including by redefining its relationship with senior living providers. “I had a town hall the first day on the job and said, I don’t see why we call [senior living] communities partners. They’re customers,” Kutscher told Senior Housing […]

LCB CEO: Obsolete Buildings a Worse Senior Housing Problem Than Oversupply

In the decade since its founding, LCB Senior Living has established itself as a regional powerhouse in the Northeast. CEO Michael Stoller is proud of LCB’s rapid growth and solid occupancy, and is positioning the Norwood, Massachusetts-based company for its next chapter in the midst of a tough operating environment. In particular, LCB is focused […]

Transactions & Financings: Ensign Group Completes Pennant Spinoff; GlynnDevins Acquires Consulting Firm

Ensign Group senior housing spinoff complete The Ensign Group (Nasdaq: ENSG) completed its spinoff of The Pennant Group (Nasdaq: PNTG), its unit for senior living, home health and hospice properties. The Mission Viejo-based company first announced the spinoff in May. Ensign stockholders received one share of Pennant common stock for every two shares of Ensign […]

National Senior Campuses Names Beardsley as First-Ever CEO

The largest nonprofit senior living organization in the country has a chief executive for the first time in its history. National Senior Campuses (NSC) named Bruce Beardsley as its new CEO on Tuesday. He will be focused in part on creating a future-focused strategy for the organization, which could involve new and more affordable continuing […]

In the Pipeline: Phoenix Plans Georgia Project; Cadence, Ryan Cos. Open Arizona Community

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends and the annual SHN Awards Competition. Construction: Planned Phoenix, Flournoy Team Up for Georgia Project Phoenix Senior Living has announced a […]

Mansions Senior Living CEO: Extended Stay Apartments Taught Us About Senior Living

Mansions Senior Living parlayed a unique multifamily operating model into a successful entrance to senior living. Now the Edmond, Oklahoma-based owner and provider is focusing on increasing its presence in one of the hottest construction markets in the United States, while modernizing the buildings that allowed Mansions to establish its footprint, founder and CEO Kim […]