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
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 […]
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