Overhauling dining programs in senior housing is an intensive process. The circumstances are especially unique for owners and operators building scale through acquisition. Operators taking over operations must contend with space constraints, acclimate existing staff to new procedures and policies, and balance providing the best care possible for seniors with shareholders seeking returns on investment. […]
Grace Management is preparing for an active year ahead, as its President Guy Geller believes that proven operators will have opportunities despite ongoing operational and financial pressures from the Covid-19 pandemic. The company — a wholly owned subsidiary of CPF Living Communities — anticipates closing on a new acquisition this month, with more expected opportunities […]
Fitch Ratings revises outlooks on 3 CCRCs Fitch ratings announced ratings outlooks updates on the following continuing care retirement communities: The ratings agency placed the series 2016 senior living revenue bonds issued by the Industrial Development Authority of the City of Glendale, Arizona on behalf of Royal Oaks Life Care Community, operating as Royal Oaks, […]
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Private investment firm Chicago Pacific Founders (CPF), along with its subsidiary senior living management companies CPF Living Communities and Grace Management Inc., have added five communities to their portfolio in a recent flurry of acquisitions. The additions are part of an ongoing expansion that could see another 12 to 15 communities added within the next […]
Grace Management has started to revamp its dining operations, introducing all-inclusive pricing and creating multiple venues throughout its 53-property portfolio. Minneapolis-based Grace is the operating company affiliated with CPF Living, the senior housing arm of private equity firm Chicago Pacific Founders. The Grace portfolio has been built up through a series of acquisitions, so one […]
As the affordable housing crisis continues to impact senior living, an upstart developer is looking to fill in the gaps in service for middle-class seniors making the transition to the space. Prime Senior Living Group is developing a construction pipeline of independent living communities across the mid-South, targeting the middle market. The Charlotte, North Carolina-based […]
After a year of restructuring and bringing its management in-house, New Senior Investment Group (NYSE: SNR) is entering 2019 with a new focus and, for the first time, some investor guidance. The New York City-based health care real estate investment trust (REIT) reported an $86.6 million net loss in Q4 2018, or a $1.05 loss […]
ESI Arranges Sale of $38 Million Portfolio in Arkansas Evans Senior Investments (ESI) represented the sale of two senior housing communities in Bentonville and Rogers, Arkansas, for about $38 million. The two communities have a total of 208 total senior housing units. At the time of the sale, the Bentonville community had just recently opened and […]
MidCap Closes First Mortgage Loan for Florida Community MidCap Financial, a commercial finance firm that concentrates on middle-market transactions, recently closed a transaction with Zon Living Concepts, LLC. The senior housing and senior care company owns and operates Zon Beachside, a Class A assisted living and memory care community in Indian Harbour Beach, Florida. The […]
