Front Porch Communities and Services is gearing up for continued growth of its senior living business, including by expanding its memory care offerings in 2025 and beyond. In 2022, Front Porch merged with Covia Communities under the Front Porch banner. The Glendale, California-based organization also hired new CEO Sean Kelly, who took over in early […]
In the Pipeline is part of your SHN+ subscription In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Latest Irvine, California project ‘largest nonprofit, single-site bond issue in history’ The James, a new […]
Senior living nonprofit Front Porch is launching a new center that uses new technology and equipment to help improve the wellbeing of independent and assisted living residents through balance and fitness. The operator, which has more than 50 communities nationwide, is launching a new Brain and Balance Center at its Carlsbad By The Sea community […]
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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 […]
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 […]
Despite mixed financial results, the not-for-profit senior living sector remains stable as it juggles expense pressures to boost occupancy, a Standard & Poor’s (S&P) report finds. Median ratios for the sector were mixed in 2013, with weaker operating and excess margins offset by balance sheet improvements, particularly liquidity. “Organizations’ cash balances are the strongest they’ve […]
A nonprofit California senior living organization is testing new technologies geared toward caring for those with cognitive impairments by piloting new programs in its memory care communities. The Front Porch Center for Innovation and Wellbeing is part of a family of companies that includes Front Porch Communities and Services, which has 10 retirement communities and two […]
Capital One Bank Announces $115 Million in Financial Transactions Capital One Bank recently announced it acted as a joint bookrunner for an $85 million, seven-year senior secured term loan to subsidiaries of Parkwood Properties, Inc. and a $30 million revolver loan to Palm Garden Healthcare Holdings, LLC. Parkwood Properties will use the term loan to refinance […]
