Transactions and Financings: Lloyd Jones Acquires Virginia Community; KeyBank Provides $34.3M Affordable Housing Rehabilitation Funding

Acquisitions Lloyd Jones acquires Virginia community Real estate investment firm Llloyd Jones announced it has acquired Brightview Baldwin Park, a community in Staunton, Virginia. The 136-unit assisted living, independent living and memory care community was purchased from Brightview Senior Living. Following the acquisition, the community has been rebranded as Aviva Baldwin Park and will be […]

Movers and Shakers: Virginia Community Adds Two to Management, Service Team; CPF’s New Real Estate, Infrastructure Partner 

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 […]

Transactions & Financings: CPF, Grace Management Add 2; Blueprint Closes Sale in Texas

Transactions Watermark Takes Over Management of Almaden Watermark Retirement Communities announced it has assumed the operational responsibility of a California-based senior living community and has added the community to its signature program. The community – now called The Watermark at Almaden – is located in San Jose, California is Watermark’s ninth in the Northern California […]

Why Value-Based Care Has Reached a Tipping Point in Senior Living

Senior living providers are more focused than ever on providing high-quality health care — and finding ways to be compensated for doing so. This is driving investment in clinical capabilities and pushing the industry to a tipping point on value-based care. These are among my takeaways from the recent American Seniors Housing Association (ASHA) meeting […]

Top Senior Housing Trends for 2022

As 2022 begins, headlines are unfortunately reminiscent of 2020, featuring news of Covid-19 case counts, global disruptions to business and transportation, and even whole cities going into lock down. But for the U.S. senior living industry, history will not repeat itself in 2022. That’s thanks largely to the number of residents vaccinated against Covid-19 and […]

Transactions & Financings: Brookdale’s $200M Senior Note Offering; Ventas Completes $2.3B New Senior Acquisition

Brookdale Senior Living (NYSE: BKD) is taking further steps to restructure its outstanding debt. The Brentwood, Tennessee-based owner and operator of senior housing communities on Tuesday announced plans to offer up to $200 million in convertible senior notes, due on October 15, 2026. The notes are unsecured obligations of Brookdale, and interest will be paid […]

Chicago Pacific Co-Founder Rijos: Senior Housing Business Is Forever Changed

“Our business is forever changed.” Those are the words of John Rijos, whose perspective is informed by decades of leadership in the senior living industry. Having been co-president of Brookdale Senior Living prior to its merger with Emeritus Corp., Rijos went on to co-found investment firm Chicago Pacific Founders (CPF). He also is chairman and […]

Pushed to Brink by Labor Challenges, Senior Living Should Think Bigger About Employee Ownership and Profit Sharing

I was excited this week to attend the American Seniors Housing Association (ASHA) Mid-Year Meeting — my first in-person conference since the Covid-19 pandemic reached U.S. shores. After two jam-packed days of conversations with industry leaders, it’s no surprise that workforce challenges were a consistent theme. More surprising to me, several conversations turned to ideas […]

Senior Living Industry Veterans Launch Scarp Ridge Capital Partners with $300M Fund

A new firm led by senior living industry veterans, Scarp Ridge Capital Partners, is launching with a $300 million fund targeting value-add, opportunistic and distressed investment opportunities. “Scarp Ridge will look to leverage our many years of investing experience and industry relationships to be the partner of choice to owners, lenders, sponsors, and developers by […]

Transactions & Financings: Healthpeak’s $550M Cash Tender Offer; Bankruptcy Court Approves $76M Henry Ford Village Sale

Healthpeak Properties (NYSE: PEAK) continues to shore up its financial position. The Denver-based health care real estate investment trust (REIT) announced cash tender offers for up to $550 million in senior notes due in 2025. The offerings consist of $250 million in senior notes carrying a 3.4% interest rate, and $300 million in senior notes […]