Movers & Shakers: New COO, CFO at Green Courte Partners; Watermark Hires Arts and Culture Director

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 […]

Despite Coronavirus, Invesque Focused on Promising Market Fundamentals

With the dust settled on a whirlwind 2019, Invesque (TSX: IVQ U) will spend 2020 improving its operating relationships, consolidating its portfolio into master leases, and pruning non-essential assets from its roster. The Toronto-based real estate investment company is doing this with an eye toward sustained growth in 2021 and beyond, and believes the shifting […]

Commonwealth Sees Expansion Opportunities in ‘At Least Half’ of Its New Communities

Commonwealth Senior Living is growing with the goal of enhancing the value of its senior housing portfolio — and that could mean expanding some of the 10 new communities it brought on board last year. The Charlottesville, Virginia-based senior housing operator expects to add three to five communities annually over the next five years. Last […]

Invesque CEO: Senior Living Industry Has Not ‘Dug Its Teeth’ Into Solving Workforce Crisis

It’s been a big year for Invesque. Since its founding in 2015, the Carmel, Indiana-based firm has amassed a nearly $2 billion portfolio, and made a signature acquisition in 2019 by purchasing the Commonwealth Senior Living operating company and 20 properties. This rapid growth is no accident — Invesque Chairman and CEO Scott White places […]

Rising Trends in Senior Living Dining: Cloud Kitchens and On-Site Microfarms

Senior housing providers are embracing an ever-growing list of unique dining services and amenities in order to attract tomorrow’s residents and save on operating costs — including indoor hydroponic microfarms and offsite “cloud kitchens.” Two companies leading the way in this regard are Charlottesville, Virginia-based Commonwealth Senior Living, and Priya Living, a senior housing company […]

Invesque Expedites Operator Transitions, Issues Positive 2021 Senior Housing Forecast

After a whirlwind of acquisition activity in 2019, Invesque (TSX: IVQ U) is winding down the year with an eye on maximizing the value of its expanded senior housing portfolio in 2020 through improved operations, selective paring of assets, and holding options to consolidate most of its portfolio into master leases. The Toronto-based real estate […]

Movers & Shakers: Cadence Hires HR Director; Oakmont Bolsters Leadership

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 […]

Invesque Adds 10 Properties to Commonwealth Portfolio, Foresees Future Growth

Invesque (TSX: IVQ.U) is wasting no time in building up the $340 million Commonwealth Senior Living portfolio acquired in May. Invesque is transitioning the majority of its assets operated by Falls Church, Virginia-based Greenfield Senior Living to Commonwealth, the Toronto-based real estate investment trust (REIT) announced in its second quarter 2019 earnings report Wednesday. The […]

Transactions & Financings: Invesque’s $80M Credit Facility; Thrive Acquires Georgia Senior Living Community

Invesque secures $80M credit facility People’s United Bank, a subsidiary of People’s United Financial (Nasdaq: PBCT), announced its healthcare finance and capital markets divisions served as lead arranger and administrative agent for an $80 million senior secured credit facility to Invesque (TSX: IVQ.U). The facility will be used to refinance existing debt associated with the […]

Transactions & Financings: CIT Group’s $64M Refinancing; Focus Healthcare Partners’ $65M Virginia Acquisition

CBRE arranges $65 million acquisition financing for Virginia CCRC CBRE National Senior Housing Vice Chairman Aron Will and First Vice President Austin Sacco arranged a $65.2 million acquisition financing package for The Virginian, a 306-unit rental continuing care retirement community (CCRC) in Fairfax, Virginia. Will and Sacco worked on behalf of Focus Healthcare Partners to […]