Transactions & Financings: $175M Recap for 6-Community Portfolio; Two Life Plan Communities Explore Affiliation

Transactions United Properties Rebrands, Moves Two Communities United Properties announed that two of its communities currently managed by Watercrest will shift to Ebenezer Management Services and that they will be rebranded as part of the change. The communities are located in Naples, Florida and Sarasota, Florida and will still be owned by United Properties. They […]

In the Pipeline: Watercrest Opens South Carolina Community; National Church Residences Breaks Ground on Ohio Project

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Texas Senior Living Community Adds Solar Array Austin, Texas-based Freedom Solar announced a partnership with Westminster senior living community in Austin to install the […]

Transactions & Financings: Focus’ $165M Portfolio Acquisition; Sabra’s $29M Transaction

Focus Healthcare Partners is adding more independent living to its senior housing portfolio. The Chicago-based health care real estate investor acquired four independent living communities in the metro Atlanta market, totaling 559 units, for $164.5 million. The communities are operated by Edmond, Oklahoma-based owner and provider, Mansions Senior Living. Focus purchased the portfolio through its […]

Resident Engagement Becomes Bigger Team Effort For Senior Living Providers

Rethinking resident engagement in senior living is a hot button topic during Covid-19. A lack of interaction in communities under lockdowns can lead to isolation, which can result in worse health outcomes for residents. But rethinking engagement in the Covid-19 era extends beyond resident wellness. Everyone in a resident’s orbit – families, frontline workers and […]

Marc Vorkapich, Principal and CEO, Watercrest Senior Living

Marc Vorkapich was volunteering in residential care in 1991, when an older woman he “adored” told him: “All of my life I have been the life of the party, here I am invisible.” “My heart was broken,” Vorkapich says. “During the following weeks, declining health quieted her voice and, for a moment, my own.” But […]

Transactions & Financings: HCP’s $284M Oakmont Acquisition; Thrive Center-Innovators Alliance Partnership

HCP acquires 5 Oakmont properties for $284M HCP (NYSE: HCP) announced in its second quarter 2019 earnings report on Wednesday it acquired a portfolio of five senior housing properties in California operated by Windsor, California-based Oakmont Senior Living. The purchase price was $284 million and is part of $528 million in total acquisitions the Irvine, California-based health care real estate investment trust […]

Movers & Shakers: Watercrest Names Memory Care Leader; Acts Appoints Regional VP

Watercrest Bolsters Memory Care Programming With Promotion Watercrest Senior Living Group has promoted Sheena Jeffries to work in the newly created role of engagement specialist. Jeffries first joined Watercrest in 2016 as a community memory care director. In her new role, she will provide support, training and help implement the company’s new memory care programming […]

Movers & Shakers: Watercrest, Heritage, Sweetbay

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one year. […]

Movers & Shakers: Blake Management Group Names New President

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one year. […]