Financings Atria Newport Beach refinanced secures $52M refinancing JLL Capital Markets announced on Aug. 15 that it secured $52 million in refinancing for Atria Newport Beach in Newport Beach, California. According to a press release, JLL represented the borrower, a partnership between a national real estate investment trust and Atria Senior Living. The community was […]
Christian Horizons
When Christian Horizons CEO Kate Bertram took the reins about a year ago, the nonprofit was still grappling with its pandemic recovery. Those challenges eventually culminated in the organization filing for Chapter 11 bankruptcy and planning to restructure. The St. Louis-based organization lost as many as a third of its new residents and short-term rehabilitation […]
Christian Horizons has filed for Chapter 11 bankruptcy after facing operational pressure related to declines in new resident volume, staffing shortages and cost increases. The St. Louis-based organization this week announced its plans to file for bankruptcy and undergo a restructuring. The nonprofit has 12 communities with independent living, assisted living and memory care services, […]
New Christian Horizons CEO Kate Bertram sees a path to recovery and growth in solving labor challenges and increasing bottom line revenue through a ramp-up of its operating wing. Bertram joined the company in March 2022 as COO. She brought more than two decades of experience in senior living to her elevated leadership role, having […]
This is part of your SHN+ subscription Spurred by steady occupancy gains and favorable supply and demographic trends, senior living operators nationwide agree that senior living demand will explode in the years to come — but capturing that demand is far from a sure thing. As the boomers loom large over senior living in 2023, […]
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 year. Visit SHN […]
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 […]
National Health Investors (NYSE: NHI) completed a sale of eight communities operated by Holiday Retirement. The total price was $115 million. The communities total 909 units, and NHI expects to realize a gain on the sale of up to $2 million. To date, the company announced $203.4 million in dispositions and expects to end 2021 […]
Masterpiece Living and 3 AgeWell Living communities form strategic partnership Masterpiece Living partnered with three communities operated by AgeWell Living: The Crossings at Eastchase in Montgomery, Alabama; The Crossings at Iron Bridge in Chester, Virginia; and The Chamberlain in Hampton, Virginia. Cushman & Wakefield advises on $37.1M financing for South Carolina assisted living community Cushman […]
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