Financings Greystone closes on largest health care CLO Greystone announced it closed on a $450 million commercial real estate collateralized loan obligation (CLO), besting its own benchmark of $300 million set back in 2018. Like the CLO in 2018, this CLO is backed exclusively by bridge loans for health care projects, according to a statement […]
United Methodist Retirement Communities
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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 […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition.C Construction: In progress CA Senior Living Starts Work on Community Near Philadelphia CA Senior Living — […]
Two of Michigan’s top-rated senior living groups finalized a new affiliation last Friday, forming the third-largest nonprofit senior living owner-operator in the state. The affiliation between United Methodist Retirement Communities (UMRC) and Porter Hills Presbyterian Village creates a combined $150 million organization with 13 communities across lower Michigan, serving more than 6,700 residents and employing […]
Construction: Planned New Jersey Community Plotting $38 Million Expansion and Renovation Harrogate, a Life Care Services community in Lakewood, New Jersey, has announced plans to start a $38 million expansion and renovation project. The project, expected to break ground in late 2018 or early 2019, will include 31 new independent living apartments and 48 new […]
It’s no secret that the senior living industry is dealing with a labor shortage, forcing some providers to get creative with staffing. To help beat the crunch, a United Methodist Retirement Communities (UMRC) location in Chelsea, Michigan, is taking an extra step to snag a few good certified nursing assistants: paying for their training. Chelsea Retirement Community […]
National Investment Center for Seniors Housing & Care Appoints New President Brian Jurutka has been appointed as president of National Investment Center for Seniors Housing & Care (NIC), effective August 3, 2015. Jurutka joins NIC from comScore, Inc., a leader in digital analytics, where he served as senior vice president, Telecom, and GM for comScore’s wireless operator […]
CCRC Foundation Appoints New Director Capitol Lakes Foundation, a nonprofit dedicated to improving the lives of residents at Wisconsin-based continuing care retirement community (CCRC) Capitol Lakes, has hired Elaine Friedman Glowacki as its new director. Glowacki has served 18 years in nonprofit management focusing on customer satisfaction, fundraising, marketing and communications. She was a fundraising and […]
Kindred Healthcare Names EVP, COO Kindred Healthcare, Inc. (NYSE: KND) has announced that it has named Kent H. Wallace executive vice president and chief operating officer, effective Feb. 2, 2015. Wallace will be a member of the company’s Executive Committee. Previously, Kindred announced that Benjamin A. Breier, currently president and COO, will become CEO on March […]
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