Lifespace CCRC in Texas Files for Chapter 11 Bankruptcy

A continuing care retirement community (CCRC) owned by senior living nonprofit Lifespace Communities has filed for Chapter 11 bankruptcy. The 283-unit community, The Stayton at Museum Way in Fort Worth, Texas, defaulted on liabilities related to bonds issued in the amount of $109.7 million, including interest, according to a bankruptcy notice filed in the U.S. […]

Transactions & Financings: BHI, Covenant Living Acquire Troubled CCRCs

Senior Quality Lifestyles acquires Indiana CCRC for $61M Cushman & Wakefield arranged the $61 million sale of Barrington of Carmel, a 267-unit continuing care retirement community in the Indianapolis suburb of Carmel, Indiana. Cushman & Wakefield Senior Housing team of Allen McMurtry, David Kliewer and Paul Carr represented an affiliate of Addison, Texas-based Senior Quality […]

HumanGood, Presby’s Affiliation to Create 6th-Largest Senior Living Nonprofit

The largest non-profit senior living provider in the state of California, HumanGood, will be extending its reach to the East Coast through a planned affiliation with Presby’s Inspired Life. The combined entity will be the sixth-largest national non-profit senior living provider, the organizations stated Monday in announcing the affiliation. Pleasanton, California-based HumanGood serves nearly 10,000 […]

Transactions & Financings: CBRE’s $92 Million Refinancing; Merchants Capital’s $50 Million Bridge Loan

CBRE completes $92 million refinancing of California senior housing portfolio CBRE National Senior Housing Vice Chairman Aron Will, First Vice President Austin Sacco and Vice President Adam Mincberg, along with CBRE Multifamily Institutional Group Vice Chairman Andrew Behrens, completed a portfolio refinancing on behalf of DeNapoli Capital Partners (DCP) for a five-property, 560-unit senior housing […]

Lifespace Communities CEO Sloan Bentley Departs

Lifespace Communities has named an interim CEO following the departure of Sloan Bentley, who held that position until this month. Lifespace confirmed the news to Senior Housing News. The Des Moines, Iowa-based not-for-profit senior housing owner and operator named CFO Larry Smith as interim president and CEO. A senior living industry veteran with over 30 […]

Movers & Shakers: Asbury Communities, Dominion Senior Living

Asbury Communities, Sodexo Hire Key Players in Joint Business Development Plan Asbury Communities, Inc. and Sodexo recently announced a joint business development plan in an effort to identify and develop services that will provide exceptional lifestyle opportunities for older adults. As part of the agreement, the two companies announced that Sandra Hegelein Lawson will serve […]

Movers & Shakers: MBK Senior Living’s New President

MBK Senior Living Names New President MBK Senior Living, the senior living division of MBK Real Estate LLC, named Jeff Fischer as president. In the role, Fischer will be responsible for leading the execution of MBK Senior Living’s strategic operations plans, team building and leadership, as well as providing a key role in the division’s […]

In the Pipeline: Senior Housing Construction Projects (11/12/15)

(The Tower at The Buckingham – a Houston CCRC sponsored by Senior Quality Lifestyles Corporation) Construction: Planned MorningStar Senior Living Plans Groundbreaking for Colo. Community Denver-based MorningStar Senior Living plans to break ground in Spring 2016 on a new community in Arvada, Colo. at 64th and Easley Road. MorningStar Senior Living of Arvada is the sixth […]

Senior Housing Finance Activity: SQLC Surpasses $1 Billion in Financing

Senior Quality Lifestyles Corporation Surpasses $1 Billion in Financing Since 1999 Dallas-based senior living community developer Senior Quality Lifestyles Corporation has surpassed $1 billion in financing since it was founded in 1999. In 2015 alone, SQLC has secured more than $254 million in new funds for expansion, upgrades and refinancings of several of its continuing […]

In the Pipeline: Senior Housing Construction Projects (10/22/15)

(Exterior of Trillium Woods, a $161 million CCRC now open in Plymouth, Minn.) Construction: Planned Douglas Wilson Companies to Launch First Senior Living Development Signaling its entry into the senior living market, Douglas WIlson Companies (DWC) plans to break ground on its first assisted living and memory care community next year. The inaugural project will be a […]