The Bottom Line: Cedarhurst Senior Living Gets ‘Back to Business,’ Nears 50-Community Mark

About 60 days ago, leaders at Cedarhurst Senior Living came to a realization, causing them to shift from crisis response to restarting enterprise growth on a foundation of operational stability. “We need to embrace the world we’re in and figure out how to operate within it, or fall behind and lose opportunities,” CFO Stephen Wertman […]

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: Senior Housing Construction Projects (11/16/17)

Construction: Announced Dominion to Renovate Former Rehab Center in Kentucky Dominion Senior Living is poised to start work on a 42,000-square-foot, $5 million faith-based assisted living and memory care community in Louisville, Kentucky. Dominion recently purchased the former Glenview Healthcare and Rehabilitation Center with plans to renovate the inside of the one-story building to include 41 […]