Florida-based Sonata Senior Living is gearing up for a period of growth as the company announced a leadership reorganization. Co-Founder and former CEO Stuart Beebe has been named managing partner of the company. Co-founder and former Chief Operations Officers Shelley Esden is the new president and CEO. And Sonata also has tapped Brookdale veteran Jamie […]
Fortress Investment Group
Sales Grandbridge Closes $45M Sale of Florida Community Grandbridge Real Estate announced that its Tampa-based Senior Housing Investment Sales team arranged the sale of a 223-unit senior living community in ChampionsGate, a submarket of Orlando, Florida. Fortress Investment Group purchased the senior living campus, which had experienced difficulties meeting operational covenants of the development bond […]
Avenida Partners With Winter Properties To Drive Active Adult Development, Adds Senior Living Talent
Avenida Partners has been on the leading edge of the growing active adult rental market, with a pipeline of ground-up development projects. Now, Avenida will expand that development platform through a newly formed venture with Winter Properties, a vertically integrated real estate investment, management and development company. With Avenida already having undertaken nine projects, the […]
Harrison Street Real Estate Capital’s $1.2 billion acquisition of 24 senior living communities formerly owned by Healthpeak Properties (NYSE: PEAK) and Gallaher Companies in early June was facilitated with loans from two large financial firms. Greystone placed and executed financing for the purchase of 16 of the communities in the portfolio. The package involved Freddie […]
When I learned that Atria Senior Living is acquiring Holiday Retirement, I thought back to April 2019. That month, I was at the event announcing the results of the NIC middle-market study. Much of the discussion focused on how new operating and financial models are needed to create middle-market senior housing at scale. I wondered […]
Private equity giant Fortress Investment Group (NYSE: FIG) has increased its investments in senior living with the recent $64 million acquisition of a five-property portfolio from real estate investment trust Healthpeak (NYSE: PEAK). The deal was announced by Healthpeak in conjunction with its Q1 2021 earnings results on May 4, but the buyer was not […]
Colony Capital (NYSE: CLNY) is reportedly in talks with Fortress Investment Group on a portfolio of assets that includes senior housing and is valued at more than $3 billion. The two companies are reportedly discussing a sale that includes Colony’s “wellness infrastructure” portfolio, according to a new Bloomberg report. Colony’s potential deal with Fortress is […]
The year was 2011. After 23 years with Life Care Services (LCS), Jim Biggs had risen the ranks to vice president and was overseeing operations for 23 communities, when he decided to make a big change. He would join two other people to co-found a senior living company in China, and move there to get […]
New Senior Investment Group (NYSE: SNR) continues to make progress on its turnaround agenda, and is prioritizing assisted living, which continues to struggle with oversupply and labor costs. The performance disparity between the New York City-based real estate investment trust’s independent living and assisted living segments was on display during its Q2 2019 earnings call […]
New Senior Investment Group (NYSE: SNR) appointed Justin Hutchens to its board of directors, the New York City-based health care real estate investment trust announced Wednesday. His appointment is effective immediately, New Senior said in a statement. Hutchens is currently chief executive officer of HC-One, one of the largest care home operators in the United […]
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