After Launching Operator, Green Courte Eyes Major Investment in Senior Living

Green Courte Partners hit paydirt four years ago with a massive sale of mostly age-restricted mobile home communities. Now, the Chicago-based real estate private equity firm has its sights set on senior housing. Last year, Green Courte founded True Connection Communities, an in-house operator, and hired former Senior Lifestyle Corporation co-COO Jim Pusateri as its […]

Navion Partners with Blackstone Affiliate to Manage 10 Senior Living Properties

A North Carolina-based senior housing owner and operator has more than tripled the size of its management portfolio, and is setting the stage for a gradual pipeline of new communities over the next decade. Raleigh-based Navion Senior Solutions assumed operations of 10 communities in Kentucky, South Carolina, Tennessee and Virginia through a partnership with Longview […]

Senior Living Providers Could Acquire Home Health On the Cheap in 2020

Senior living providers could have a golden chance to acquire home health agencies early next year. Although, the opportunity is not for the faint of heart. On January 1, 2020, a new home health Medicare payment framework will take effect. Dubbed the patient-driven groupings model (PDGM), the system could overwhelm smaller home health agencies and […]

Transactions & Financings: Brookdale’s $160M Credit Facility; Westmont Living’s $58M Acquisition

The NIC Fall Conference is underway in Chicago and the deals are flowing like wine. Here are some recent transactions. Brookdale secures $160M credit facility Brookdale Senior Living (NYSE: BKD) secured a $160.3 million credit facility for a five-community, 945-unit portfolio in Alabama, Michigan, Pennsylvania and Texas. Brookdale has owned and operated the portfolio for […]

Largest Senior Living Providers List Grows, No Surprises at the Top

There are no notable surprises at the top of Argentum’s 2019 list of the largest providers in senior living, although there are some new additions to the expanded list. The industry association’s overall list now includes 140 providers and 624,795 units, compared to last year’s total of 125 providers and 586,662 units. For the first […]

Movers & Shakers: Welltower Names New CFO; Watercrest’s Regional Director

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

New Intergenerational Experiment Could Ease Senior Living Pressures

In July, an independent living facility in Chattanooga, Tennessee welcomed an unconventional new resident: an 18-year-old named John Payne. This experiment in multigenerational housing is being led by The Victory Lap, a nonprofit organization that matches youth who have aged out of the foster care system with vacant apartments in senior housing communities, Victory Lap […]

Activist Shareholder Keeps Pressing for Brookdale OpCo/PropCo Split

Activist shareholder Land & Buildings is again making its case that Brookdale Senior Living (NYSE: BKD) should split into an operating company and a real estate investment trust (REIT) — an arrangement commonly referred to as an “OpCo/PropCo.” Land & Buildings on Tuesday shared its latest open letter to Brookdale shareholders, decrying the senior living […]

Brookdale Names New Chief Information Officer

Brookdale Senior Living (NYSE: BKD) added another member to its executive team with the hiring of Chris Bayham as Chief Information Officer. He will report to CFO Steve Swain and replaces Hank Reimer, a Brookdale vice president who had been filling in the role since former CIO Andrew Laudato left the Brentwood, Tennessee-based operator last […]