Movers & Shakers: Transforming Age, LCB Senior Living

Bumstead Continues Service on Brookdale Senior Living Board The board of directors of Brentwood, Tennessee-based Brookdale Senior Living will allow board member Frank M. Bumstead to continue his service, despite the board’s age restriction, according to the Nashville Post. Bumstead turned 75 in the past year, which would otherwise disqualify him from serving. His fellow […]

What Senior Housing Providers Get Wrong About Market Studies

As the senior housing industry struggles to adapt to declining occupancy rates and staff availability, investing in quality market analyses is a crucial step before breaking ground. As new industry trends emerge, new areas of the market need to be monitored by senior housing owners and operators. These new market feasibility indicators include seniors’ individual […]

Movers & Shakers: Brookdale Loses CMO, Berkadia’s New Investment Sales Platform

Leader Tapped for Berkadia’s New Investment Sales Platform Berkadia is launching an investment sales platform within its Seniors Housing and Healthcare Group, and has named Senior Director Jason Krug to lead. Krug is based out of the Detroit office of Berkadia, which is a joint venture of Berkshire Hathaway and Leucadia National Corporation, and offers […]

Senior Housing Investments & Transactions: Greystone Closes $210 Million Portfolio Sale

Greystone Closes $210 Million Sale of 8-Property Senior Housing Portfolio  Greystone Real Estate Advisors, a real estate lending, investment and advisory company, closed the sale of an eight-property senior housing portfolio for $210 million. Seven of the properties are in Texas, with another located in Oklahoma. Greystone represented the sellers in the transaction, Harrison Street […]

In the Pipeline: Senior Housing Construction Projects (12/10/15)

Construction: Planned Aspire Development Partners Plans Fla. Senior Living Community Atlanta-based senior housing developer Aspire Development Partners recently announced plans to develop a new senior living community in the north Florida island community of Amelia Island. Construction is scheduled to begin in early 2016 on the project located on Amelia Island Parkway near the Fernandina […]

Fastest-Growing Nonprofit Senior Housing Providers

Ecumen, National Senior Campuses and Episcopal SeniorLife were among the fastest-growing nonprofit senior housing providers in 2014, according to the 2015 LeadingAge Ziegler 150. The LZ 150, now in its 12th edition, lists the largest not-for-profit systems offering aging services through senior living in the country, among other statistics. This year, the top three largest not-for-profit […]

In the Pipeline: Senior Housing Construction Projects (10/15/15)

Construction: Planned Chamberlain Senior Care Buys Land for $15 Million Senior Housing Campus Cincinnati-based Chamberlain Senior Care, LLC, recently announced that it has acquired a 14.8-acre property in eastern Jefferson County in Louisville, Ky.—a site that will be home to what the company promises to be a “cruise ship on land.” The Jefferson County Board […]

Movers & Shakers: Premier Senior Living’s New Directors

Pinnacle Chairman Appointed to Long-Term Care Board Rob McCabe, Pinnacle Financial Partner’s co-founder and chairman, has been appointed to the board of Diversicare Healthcare Services, a long-term care provider located in Brentwood. Pinnacle Financial Partners is a Nashville-based financial firm with $6 billion in assets. McCabe will serve as a member of the board’s audit […]

In the Pipeline: Senior Housing Construction Projects (7/23/15)

(Stonecroft Health Campus in Bloomington, Ind. — Photo courtesy of Mainstreet and Trilogy Health Services) Construction: Planned Benchmark Senior Living to Break Ground in Woburn, Mass. The Wellesley, Mass.-based operator will break ground on their newest senior living community, Benchmark Senior Living at Woburn, on July 29th at 10:30. This $30 million development project will bring […]

Movers & Shakers — Lancaster Pollard Names New CEO, President

Lancaster Pollard Announces Leadership Changes, New CEO Lancaster Pollard announced Thursday that CEO Tom Green and President Brian Pollard will transition day-to-day management of the firm and have announced a new leadership team, effective immediately. Green and Pollard will continue to serve on the board as chairman and vice chairman respectively.  Nick Gesue, previously senior vice president […]