Christian Living Communities Taps Eden Alternative Leader Vitale-Aussem as New CEO

Christian Living Communities (CLC) has tapped Jill Vitale-Aussem as its next president and CEO. Vitale-Aussem is an industry veteran who served for the last two years as president and CEO of The Eden Alternative, the organization founded by Dr. Bill Thomas to drive culture-change and create more person-centered approaches in senior living and care. Prior […]

Terry Rogers to Become CEO of Westminster Communities, Exit CLC/Cappella

Christian Living Communities (CLC) President and CEO Terry Rogers is stepping down from his post at the Englewood, Colorado-based senior living provider and leaving for warmer weather. In April, Rogers will take on a new role as CEO of Orlando, Florida-based senior living nonprofit Westminster Communities of Florida. The organization has 22 senior living locations […]

Christian Living Communities Leads Nonprofit Innovation Charge with Minka, Medicare Advantage

Not-for-profit and for-profit senior living providers are sometimes seen as oil and water — but this is not the case for Christian Living Communities (CLC) President and CEO Terry Rogers. Instead, Rogers sees a world where for-profits and not-for-profits can work together, with the latter leading the way in finding creative new ways to partner […]

Senior Living Tensions Highlight Need for New Management Fee Approach

The ongoing, unprecedented wave of investors flocking to senior housing is contributing to a widening disconnect between mission-driven operators and investors pushing for larger, faster returns on their investments. Management fees paid to operators have emerged as one battleground leading to strained relationships and struggling projects. The root of the disconnect is in a lack […]

Transactions & Financings: Welltower’s $850M JV; Acts Acquires New Corporate HQ

Welltower, Invesco Announce $850M Joint Venture Welltower Inc. (NYSE: WELL) and global real estate manger Invesco Real Estate (“Invesco”) announced an $850 million joint venture partnership comprising a portfolio of 35 medical office buildings spanning 2.6 million square feet. The portfolio was previously wholly owned by Welltower. The properties are 100% affiliated with health systems […]

Cappella Adds 12 Senior Living Communities, Starts ‘New Chapter’

Cappella Living Solutions, the management and consulting division of Denver-based Christian Living Communities (CLC), has added a dozen new senior living properties to its portfolio. Last month, Cappella assumed management of seven Villagio Senior Living communities in Texas, Oklahoma and Colorado. In the same month, the organization began managing four communities owned by health care […]

Transactions & Financings: Bridgewood’s $56M CCRC Refinancing; Mission Senior’s $22M Construction Financing

SunTrust provides $60M Loan for Baltimore CCRC Expansion SunTrust Banks Senior Vice President of Senior Care Finance Yasamin Al-Askari arranged a $60 million loan for the expansion of Roland Park Place, a nonprofit continuing care retirement community in Baltimore. Proceeds will fund the second phase of the project, an eight-story building with 58 units, a […]

NHI Expects Payoffs from ‘Fast and Furious’ Acquisitions, Transitions

National Health Investors (NYSE: NHI) expects its recent spate of acquisitions, and transitioning of struggling properties, to pay off with sustained revenue growth starting in 2020. The Murfreesboro, Tennessee-based health care real estate trust completed or announced $295 million in acquisitions in 2019, and is working on its transition portfolio of nine properties to improve […]

With Trio of Operators, Confluent Continues Senior Living Development Push

Confluent Senior Living has emerged in the past year as an active developer with a national senior housing portfolio and partnerships with three well-established operators. The Denver-based firm has 13 completed communities, with another six in varying stages of construction, Managing Director John Reinsma told Senior Housing News. In the past 12 months, Confluent nearly […]