A USA Today article on long term care facilities charging higher service fees during the coronavirus pandemic shines another spotlight on the rising expenses incurred by providers — and raises questions about whether assisted living operators are unfairly passing on costs to residents. The article focuses largely on a resident at Legend of Mansfield, a […]
Legend Senior Living
Ventas invests $490M in Colony Capital refinancing, announces $800M research development pipeline Ventas (NYSE: VTR) announced four new developments, totaling $800 million in its university-based research and innovation business, all in partnership with Wexford Science & Technology (“Wexford”), the leading developer of university-focused real estate solutions. These investments are part of $1.5 billion research and […]
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Lancaster Pollard Opens Chicago Office Lancaster Pollard opened a new office in Chicago, with Brett Murphy serving as the firm’s primary health care banker for Illinois. In Chicago, Murphy will provide seniors housing and health care clients with a range of investment banking, mortgage banking, private equity, balance sheet financing and M&A advisory services. Murphy […]
Capital Senior Living Elects New Board Chairman Capital Senior Living (NYSE: CSU) announced that Michael W. Reid, a non-executive, independent director of the company, has been appointed as chairman of the board. Reid replaces James A. Moore, who decided not to stand for re-election. In March, Capital Senior Living agreed to appoint a new independent […]
Tampa, Fla.-Based Bild & Company Names Founder As CEO Traci Bild, founder of Bild & Company of Tampa, Fla. is now back at the helm of her company. Seth Garber, former CEO is no longer with the company and will be exploring different endeavors. “This is a critical time in our industry and huge change […]
Joint Venture Acquires Northgate Terrace in California for $27.5 Million WNC, a national investor in real estate and community development initiatives, announced recently that its subsidiary, Community Preservation Partners LLC, has acquired Northgate Terrace, a 201-unit affordable senior housing community in Oakland, Calif., in a joint venture with Related Affordable LLC, for $27.5 million. The […]
Construction: Planned Legend Senior Living Proposes $80 Million Project for Golf Club Redevelopment Wichita, Kan.-based Legend Senior Living recently submitted a proposal to build an $80 million community as part of a 136-acre redevelopment of the Meadowbrook Golf & Country Club in Prairie Village, Kan., reports Kansas City Business Journal. Legend, which owns and operates […]
The Assisted Living Federation of America (ALFA) is forming an independent credentialing organization that will operate and govern certification programs for senior living providers. Established separately from the organization, the new credentialing push is the latest in a series of initiatives the senior living trade association has been developing over the past year, which has seen […]
From the onslaught of senior living searchers whose first stop is Google, to preparing for a merger that will create the largest brand ever seen in the industry, providers say they are making some adjustments in the way they are positioning themselves for the future of senior living. This includes the rise of national competitors in a […]