Transactions & Financings: Front Porch, Covia Merger Complete; Invesque Closes $75M in Sales

Transactions Front Porch, Covia Communities Complete Merger Front Porch announced that its merger with Covia Communities became effective on April 1. The merger, which was announced in 2021, has a footprint that includes about 7,500 residents in 19 senior living communities located in four states. The new organization will operate under the Front Porch name […]

Transactions & Financings: Ventas Prices $500M Senior Notes Offering; HJ Sims’ $44M Refinancing for Aldersgate

Ventas (NYSE: VTR) is raising more money to shore up its financial position in the wake of its acquisition of New Senior Investment Group (NYSE: SNR). The Chicago-based real estate investment trust (REIT) announced a public offering of $500 million in senior notes at 2.5% interest, due in 2031. The notes are being issued by […]

Front Porch CEO: With Covia Affiliation, We Are Prepared For Rapid Change in Senior Living

Senior living providers Front Porch and Covia are officially affiliated, the organizations announced Thursday. The combination creates a nonprofit with 54 communities across four states, serving about 7,500 residents and more than 6,000 participants in programs and services. Front Porch and Covia first announced their intention to affiliate in June 2020. The merger adds Covia’s […]

Front Porch and Covia to Affiliate, Creating 54-Community Organization

Two California-based senior housing nonprofits, Front Porch and Covia, have agreed to affiliate with one another. The two organizations’ boards of directors voted to affiliate on June 1. The affiliation would create a combined organization with 54 senior housing communities. Front Porch was ranked no. 22 in total unit count in the latest LeadingAge Ziegler […]

Senior Living Tries to Capture Magic of Brands Like Virgin

In rebranding, a number of senior living organizations are beginning to employ a strategy used by iconic brands like Virgin. Specifically, it’s very on-trend for companies, no matter their industry, to choose a new name that’s aspirational as opposed to descriptive, Geoff Cook, partner at international strategy, design and branding firm Base Design, told Senior Housing News. […]

Transactions & Financings: IRR Partners with Tellatin, Inc.

Integra Realty Resources Partners With Tellatin, Inc. Commercial real estate valuation and consulting firm Integra Realty Resources (IRR) recently announced it has formed a strategic partnership with Missouri-based Tellatin, Inc., an appraisal, market study and advisory firm dedicated to serving the senior housing and health care sectors. Starting immediately, all 16 employees from Tellatin will form […]