HumanGood, Edgemere, Willow Valley Top New List of ‘Best CCRCs’ 

A HumanGood community, a community that recently changed hands and a community with hospitality “DNA” have taken the top three spots in a new list ranking the top 250 continuing care retirement communities (CCRCs) in the U.S. The “America’s Best Continuing Care Retirement Communities” list, publicized Wednesday, is yet another effort from a national organization […]

Transactions & Financings: Atlas Senior Living’s First Divestiture; Edgemere Officially Changes Hands, Resident Contract Structure

Sales Edgemere Closes Sale Embattled Dallas-based senior living community Edgemere announced that it has sold to Bay 9 Holdings, an affiliate of Lapis Advisers. Lapis Long Hill at Edgemere took over management of the property on June 14. The final sale comes after more than a year of bankruptcy negotiations that includes more than $143 […]

After Year of Bankruptcy Woes, Dallas Community Edgemere Changes Hands, Management

Nearly one year after Lifespace Communities filed for Chapter 11 bankruptcy, ownership and management of its Edgemere community has changed hands. Bay 9 Holdings, an affiliate of Lapis Advisers, is set to buy Edgemere and task operator Long Hill at Edgemere, a wholly-owned subsidiary of United Methodist Homes, with managing the community. Shelton, Connecticut-based Long […]

Lifespace Puts $143M Toward Edgemere’s Financial Restructuring as CCRC Pivots to Rental

Lifespace Communities is lending “unprecedented support” to its troubled Edgemere community in Dallas as the property shifts to a rental payment structure for residents. The Des Moines-based senior living operator has put forth a bid to support the embattled property ahead of a potential sale by agreeing to fund up to $143.4 million of the […]

Senior Living Bond Default Woes Likely to Persist in 2023

The senior living bond market continues to grapple with bankruptcies and new defaults on the horizon as financial distress persists at the tail end of 2022 Senior living companies accounted for more than $600 million in first-time payment defaults, representing about 46% of the $1.33 billion of total first-time defaults so far in 2022, according […]

Landlord of Embattled Lifespace CCRC Likens Community’s Bankruptcy Plan to ‘Disney Fairy Tale’

The Chapter 11 bankruptcy saga of a Dallas, Texas CCRC is heating up, with the landlord in the case recently claiming the operator’s plan forward was something out of a “Disney fairy tale.” Attorneys on behalf of Intercity Investment Properties filed a motion to dismiss the Chapter 11 case brought by Dallas, Texas-based continuing care […]

Lifespace CCRC Files for Chapter 11 Bankruptcy, Sues Landlord

A luxury community owned and operated by Lifespace Communities is filing for Chapter 11 bankruptcy after encountering financial headwinds due to the Covid-19 pandemic. The Dallas, Texas-based continuing care retirement community (CCRC), Edgemere is currently negotiating with its financial stakeholders on a restructuring plan, according to an April 14 press release about the bankruptcy filing. […]

Texas Senior Living Nonprofit Glen Hope Harbor Files for Chapter 7 Bankruptcy

A not-for-profit senior living operator with nine senior living communities Texas is filing for liquidation through Chapter 7 bankruptcy. The operator, Glen Hope Harbor — which exists under the umbrella of Texas nonprofit The Emmaus Calling — owns nine assisted living and memory care communities totaling 144 units  under the name Autumn Grove Cottages in […]

Movers & Shakers: Ascension Names Chief Medical Officer of Senior Care; Celebrity Chef Partners With Dallas Community

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 […]

Movers & Shakers: Kindred Names President of Hospital Division

Kindred Healthcare Names Peter K. Kalmey as President of Hospital Division Kindred Healthcare, Inc., the largest post-acute services provider in the country, announced that Peter K. Kalmey is the new president of its hospital division, effective Jan. 1, 2016. Kalmey will be a member of the company’s executive committee. Kalmey succeeds Steven L. Monaghan, who […]