Transactions & Financings: Brookdale Turns Over Operations of 4 Communities; JLL Completes $19M Sale

Brookdale Senior Living (NYSE: BKD) is making progress on its ongoing portfolio optimization initiative. The largest senior housing provider in the U.S. recently exited management arrangements on four communities in California. Dallas-based Pegasus Senior Living assumed management of two communities in suburban Sacramento, which were rebranded as Elk Grove Park, in Elk Grove; and Sterling […]

CCRC Clare Oaks Reaches Agreement in Contentious Bankruptcy

Continuing care retirement community (CCRC) Clare Oaks will be getting a new management company and more assisted living units if a new Chapter 11 restructuring plan is approved. Located in the Chicago suburb of Bartlett, Illinois, Clare Oaks voluntarily filed for Chapter 11 bankruptcy protection in June 2019. Subsequently, Clare Oaks creditors’ committee battled with […]

Top 6 Tips for Successful Senior Living Employee Recruitment

Employee recruitment and retention has been a hot-button issue in the senior housing industry for some time—and the topic was front and center at last week’s LeadingAge Illinois 2018 Annual Meeting & Expo in Schaumburg, Illinois. Two not-for-profit senior living providers and one workforce management software company shared best practices that have helped operators keep staffing numbers high and turnover […]

Movers & Shakers — People and Positions for February, Part I

CCRC Foundation Appoints New Director  Capitol Lakes Foundation, a nonprofit dedicated to improving the lives of residents at Wisconsin-based continuing care retirement community (CCRC) Capitol Lakes, has hired Elaine Friedman Glowacki as its new director.  Glowacki has served 18 years in nonprofit management focusing on customer satisfaction, fundraising, marketing and communications. She was a fundraising and […]