Transactions and Financings: Berkadia, Poppy Bank Close $329M; Covenant Adds Two Communities

Financings Berkadia, Poppy Bank close over $329 million Berkadia Seniors Housing and Healthcare announced it has worked with Poppy Bank to close on over $329 million of bridge debt in April, May and June. According to a press release, the total includes 12 properties totaling 1,597 units. “We are fortunate to have a longstanding relationship […]

Covenant Living Names CEO With Plans for New Expansion, Evolution

Covenant Living Communities and Services has a new CEO in David Erickson. He’s already hit the ground running. Before taking the reins as president and CEO, Erickson worked as the Skokie, Illinois-based organization’s general counsel for 16 years. Erickson’s selection, announced June 4, comes following the retirement of former Covenant top leader Terri Cunliffe earlier […]

Covenant Living President, CEO Cunliffe to Retire in 2024

Covenant Living Communities and Services President and CEO Terri Cunliffe will retire next year in the spring, the senior living operator announced Thursday. The Skokie, Illinois-based operator is currently in the early stages of finding a new leader, with the company hiring a search firm and forming a committee to find candidates Her journey with […]

Covenant Living CEO Hopes Senior Living’s ‘Great Resignation’ Becomes a ‘Great Sabbatical’

Covenant Living Communities and Services is not immune to the staffing pressures felt by the rest of the senior living industry — but President and CEO Terri Cunliffe sees signs they might not last long-term. While the industry is grappling with attracting and retaining workers amid the period known as the “great resignation,” Cunliffe is […]

In the Pipeline: Sunrise Opens Communities in New Jersey, California; Bonaventure’s New Flagship Project in North Carolina

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: In progress Bonaventure Breaks Ground on First Community in N.C. Bonaventure has broken ground on a new “flagship” senior living community and its first in […]

Movers & Shakers: ER Senior Management Names New CEO; Trilogy Hires Former Papa John’s SVP as Chief Marketing Officer

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: Enso Village Closes $297M Bond Funding; Acts Retirement-Life Communities Bond Rating Affirmed

Enso Village, the $300 million life plan community under development from Kendal Corporation, Greenbrier Development and the San Francisco Zen Center, now has the majority of its capital stack in place to begin construction. Chicago-based investment bank Ziegler closed on a $297 million bond debt package on behalf of the joint venture. The bonds were […]

How Covid-19 Led Covenant, Asbury to Swiftly Revamp Their Strategic Plans

Covid-19 is forcing senior living providers to reassess their strategic planning, and many are not waiting for the pandemic to subside to adapt. Notably, large nonprofit providers such as Asbury Communities and Covenant Living Communities & Services are learning to be more nimble with their strategic plans, prioritizing a handful of improvements that can be […]

Movers & Shakers: Grandbridge Adds Senior Housing Investment Sales Team; Lifespace Names New COO

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 […]

CCRCs’ Covid-19 Plans Must Handle Large Campuses, Complex Operations

Continuing care retirement communities face unique challenges in responding to the Covid-19 pandemic. Their large sizes, multiple entry points, varying levels of care acuities and layers of government regulations place added pressures on ensuring the safety of residents and containing the spread of the virus if someone tests positive. But providers can adapt their communicable […]