New Senior Housing Investor Advances $250 Million Pipeline

Headed by former Brookdale Senior Living (NYSE: BKD) chief John Rijos, CPF Living Communities is acting on its previously announced plans to invest $250 million in senior living properties over the next few years, following the company’s recent acquisition of a 350-unit facility in Topsham, Maine. Specifically, the company plans to grow by acquiring senior […]

Former Brookdale Lead Launches New Senior Housing Power Play

Armed with a $500 million investment fund, a new private equity group co-founded by Brookdale Senior Living’s (NYSE: BKD) most recent past-co-president and chief of operations re-envisions similar success as it plans to ramp up senior living acquisitions with its newfound partners in the coming years. After embarking on a capital campaign last fall, Chicago Pacific Founders […]

Grace Management Takes Over Fla. Senior Living Community With Turnaround Plans

Grace Management in partnership with an investor group recently assumed operations of a Florida independent living community, The Commons on Pretty Pond (formerly called Bentley Commons at Zephryhills). Through a negotiated bid process, Grace Management, along with PRN Capital, LLC and TPG Credit Management, L.P., acquired $20 million worth of defaulted tax-exempt bonds for $11 […]