Sonata Senior Living Revamps C-Suite Team with Eye on Future Growth 

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 […]

Transactions & Financings: SLIB Facilitates Sales in 4 States; Fortress Buys Florida Community, Taps Watermark to Operate

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 […]

Transactions & Financings: PGIM, Greystone Facilitate Harrison Street-Oakmont Deal; Lifespace, Phoenix, Alta Grow

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 […]

Atria, Welltower Deals Could Create ‘Holiday 3.0,’ Shake Up Industry

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 […]

Colony Capital Said To Be in Talks With Fortress on Portfolio Sale That Includes Senior Housing

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 […]

Assisted Living Struggles Continue to Weigh on New Senior

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 […]

Former HCP President Hutchens Joins New Senior Board of Directors

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 […]