Balfour CEO: Pipeline With Welltower On Track To Bring Luxury Model To East Coast Metros

After forging a partnership with Welltower (NYSE: WELL) in 2019, Balfour Senior Living CEO Michael Schonbrun spoke of plans to expand the portfolio — including by bringing the company’s high-end model to the East Coast for the first time. Despite the unexpected challenges posed by Covid-19, work on the development pipeline moved forward, and details […]

In the Pipeline: Kisco, Welltower Break Ground in Maryland; Capitol Seniors Housing Starts Work on New Jersey Project

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Submissions are currently open. Construction: Planned Liberty Plans Assisted Living, Memory Care Community in New Orleans Liberty Senior Living and Felicity Property Co. have announced new […]

In the Pipeline: St. Joe, Watermark Team Up in Florida; Marquis Plans Community With Owners of Oregon Timber Company

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Submissions are currently open. Construction: Planned St. Joe, Watermark Plan Florida Community The St. Joe Company (NYSE: JOE), Watermark Retirement Communities and BRW Origins are collaborating […]

4 Workforce Strategies for Smaller Providers From Era Living, Balfour and Summit Vista

As the senior living industry shifts its focus from damage control to recovering from the Covid-19 pandemic, recruitment and retention remain a leading industry challenge. Unlike national senior living providers that can devote large amounts of time and money to filling positions, smaller or mid-sized companies often must find more creative ways to recruit and […]

What’s Behind a Wave of Senior Living CFO Hires in the Pandemic Era

Covid-19 has clouded financial outlooks for senior living providers across the country — and perhaps nobody knows that quite like the industry’s chief financial officers. In recent months, a spate of senior living providers have named new CFOs amid a financial landscape complicated by the pressures of the pandemic. Among the organizations with newly appointed […]

Balfour Hires Hospitality Veteran Riggs as First CFO

Balfour Senior Living has hired Trip Riggs as its first-ever CFO. Riggs joins the Louisville, Colorado-based senior living provider from Vail Resorts Hospitality and Vail Resorts Real Estate, where he worked as divisional CFO. His prior experience also includes working in operations, hotel ownership and development, and public accounting. In taking on his new role, […]

HMC Raises $510 Million For Senior Housing Fund

Alternative asset management firm Harbert Management Corporation (HMC) has announced the final close of a fund that secured approximately $510 million worth of equity commitments to target the U.S. senior housing industry. HMC’s Harbert Seniors Housing Fund II has to date closed eight transactions, three of which were joint venture development projects. The investments ultimately […]

In the Pipeline: Avail Senior Living’s Debut; Balfour Opens Michigan 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 Presbyterian Manors Plans Colorado Community Senior living nonprofit Presbyterian Manors of Mid-America is […]