Mainstreet Welcomes 4 New Hires to Growing Team Carmel, Indiana-based Mainstreet, the nation’s largest developer of transitional care properties, has added four new employees to its team. Jared Allen is Mainstreet’s new senior information technology server and infrastructure administrator. He joins Mainstreet from Experian, where he served as a system engineer. Andi Amburgey has joined […]
Mainstreet
Construction: Planned Big Rock Partners Selects Construction Manager for $60 Million Luxury Community in Fla. Big Rock Partners, a national real estate investment management and development firm headquartered in Beverly Hills, Calif., has selected Balfour Beatty Construction to serve as construction manager for a resort-style, $60 million senior living rental community under development in Celebration, […]
The nation’s largest developer of post-acute, transitional care facilities is set to solidify and strengthen its position with a five-year $5 billion development pipeline and a strategy that could lead to another massive deal like last year’s HealthLease sale. Indiana-based Mainstreet has an “identified pipeline” to develop $1 billion in properties each year over the […]
With a robust acquisition and development pipeline already in the works, Mainstreet is further expanding its capital raising efforts via a multi-pronged capital markets initiative, which will create a new broker-dealer channel within the company along with a new private equity fund. The Carmel, Ind.-based developer of post-acute care facilities has never been one to […]
Terri Cunliffe Named CEO of Covenant Retirement Communities The Board of Directors of Chicago-based Covenant Retirement Communities (CRC), owner and operator of 14 senior living communities nationwide, has named Terri Cunliffe as its CEO, effective June 1, 2015. Cunliffe, who has served as CRC’s chief operating officer since 2010 and has been part of the […]
Construction: Planned Developers Plan Luxury Senior Living Complex for Hilton Head Island Bayshore Retirement Partners plans to build a five-stroy, luxury senior living community on South Carolina’s Hilton Head Island, reports The Island Packet. The building will include 126 one- and two-bedroom units, a library, dining facilities, a pool, a full-service bar and lounge, a […]
Brookdale Appoints Mark Parrell, Lee Wielansky to Board Of Directors Brookdale Senior Living Inc. (NYSE: BKD) recently announced the appointments of Mark J. Parrell and Lee S. Wielansky to its Board of Directors as Class III directors. The appointments of Parrell and Wielansky, which became effective on April 23, 2015, fill the vacancies created by 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 […]
Investors are scooping up senior care facilities that are raking in Medicare dollars for post-acute care, but the rush to make money on these services might be putting patients’ health—and even lives—at risk, according to a lengthy New York Times article published Tuesday. Struggling with razor-thin margins for long-term care residents, skilled nursing facilities and […]
Maryland CCRC Names New COO Broadmead, a continuing care retirement community in Cockeysville, Md., has recently hired Robin Somers as its new chief operating officer. Somers, a 20-year veteran of the senior living and health care fields, has previously served as the executive director and senior executive director for Fairhaven, another CCRC, as well as […]
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