Summit Healthcare REIT Appoints New CEO, COO

Summit Healthcare REIT on Thursday announced the appointment of a new CEO and a new COO. President Kent Eikanas will now serve as CEO of the Lake Forest, Calif.-based real estate investment trust (REIT), which has holdings in both senior housing and skilled nursing. Eikanas had held the title of president since September 2012, and […]

Transactions & Financings: Avamere Enters Arizona; Northbridge Buys New England Portfolio

Northbridge Senior Housing acquires 8-property New England senior housing portfolio Northbridge Senior Housing, through its Northbridge Strategic Housing Fund II, received acquisition financing for an eight-property senior housing portfolio in New England, totaling 565 units.The properties in the portfolio are: – Avita of Brunswick in Brunswick, Maine– Avita of Stroudwater in Westbrook, Maine– Avita of […]

Transactions & Financings: Revera’s Tech Investment; KeyBank Lends $159 Million for Acquisitions

KeyBank provides $159 million in acquisition financing to ReNew Investors KeyBank Real Estate Capital Senior Vice President Laura Conway and Senior Vice President Brandon Taseff arranged over $159 million in financing to ReNew Investors and affiliated entities, for the acquisition of eight senior housing communities in Michigan, Pennsylvania and Virginia. The acquisitions were made over […]

Senior Housing Investments & Transactions: Vikus Acquired, CA Senior Living Buys in Texas

HealthcareSource Acquires Vikus Corporation  Health care industry talent management software provider HealthcareSource announced its acquisition of Vikus Corporation, a Tennessee-based company offering hiring software for the post-acute and long-term care markets. Financial terms of the deal are not being disclosed, HealthcareSource President and CEO J.P. Fingado told Senior Housing News. The acquisition gives HealthcareSource more […]

Senior Housing Investments & Transactions: Civitas, CareTrust REIT

Summit Acquires Assisted Living and Memory Care Community for $13 Million Summit Healthcare REIT, Inc. announced that it acquired a 90-bed assisted living and memory care facility in Chandler, Arizona, for $13.4 million. The community will be leased to Compass Senior Living, a Eugene, Oregon-based operator who leases six other facilities owned by Summit. The […]

Senior Housing Investments & Transactions: A Place for Mom Adds OurParents to Network

A Place for Mom Expands Network with OurParents Brand The nation’s largest senior living referral service A Place for Mom has added the OurParents brand to its portfolio of services. The partnership will extend the reach of A Place for Mom’s services, which traditionally have focused on major metropolitan markets. OurParents specializes in helping families […]

Senior Housing Investments & Transactions: Silverado, Welltower

Silverado Assumes Management of Welltower-Owned Community As part of Welltower Inc.’s (NYSE: HCN) $1.15 billion acquisition on the West Coast, Silverado assumed management and daily operations at The Berkshire-Vintage Senior Living Community on Sept. 16. The community has  been renamed Silverado Berkeley. Over the next several months, the community will gradually shift from an assisted living […]

Senior Housing Investments & Transactions: ESI, Summit Healthcare REIT

Summit Healthcare REIT, Inc. Expands to New Hampshire Summit Healthcare REIT, Inc. acquired a 59-bed/50-unit assisted living facility in Littleton, New Hampshire, for a purchase price of $8.5 million in a sale-leaseback transaction on Nov. 17. Summit has assumed the HUD loan collateralized by the property in the amount of about $4.7 million. The 34,684-square-foot facility […]

Movers & Shakers: Elder Care Alliance’s New CEO

Summit Healthcare REIT Elects Suzanne Koenig to Board of Directors Summit Healthcare REIT, a publicly-registerested, non-traded real estate investment trust (REIT) that primarily invests in senior housing, has appointed Suzanne Koenig to its board of directors following an election at the annual meeting of stockholders. Koenig is currently president and founder of SAK Management Services […]

Senior Housing Investments & Transactions: Welltower, Summit

Welltower Buys Florida Senior Living Community for $79 Million Welltower (NYSE: HCN) acquired the 325-unit Aston Gardens senior living community in Parkland, Florida, for $78.62 million, or $241,908 per unit. AG Parkland Senior Housing I LLC, an affiliate of Boca Raton, Florida-based Kayne Anderson Real Estate Advisors, sold the retirement community to the Toledo, Ohio-based REIT. The […]