Privately owned real estate and private equity firm Pacifica Companies has purchased a 15-community portfolio from Retirement Housing Foundation. That’s according to an April 19 press release from Chicago-based specialty investment bank Ziegler, which advised on the $180.5 million transaction for the non-profit. The purchased portfolio represents “the majority of RHF’s presence in market-rate senior […]
Ziegler
Most non-profit senior living providers conduct annual reviews to evaluate the pay of executives, with a board of director review serving as the most common way to do so. That’s according to the latest Ziegler CFO Hotline survey from Ziegler. The survey included feedback from 240 respondents. The majority of respondents, more than 84%, said […]
Management transactions Merrill Gardens named management company for multiple communities Senior living owner-operator Merrill Gardens announced the management of three new communities in Missouri and Washington, according to a news release from the Seattle, Wash.-based company. Merrill Gardens is now the management company for Murano Senior Living in Seattle, Washington and Merrill Gardens at Tukwila, […]
Partnerships Argentum, AlphaROC announce strategic partnership Senior living trade association Argentum and data science company AlphaROC have announced a strategic partnership to “reimagine” market research with the platform Occam. According to a press release, the Occam platform will be launched for Argentum members and allow them to get “faster and easier access to public opinions,” […]
Wages for senior living employees in the last four years have risen dramatically but in 2024, operators are reporting slightly lower wage increases compared to past years. And executives are still struggling with staffing issues, including the effectiveness of compensation in driving recruitment and retention. That’s according to a Ziegler CFO Hotline survey conducted last […]
This article is available as part of your SHN+ membership Senior living leaders often talk about the generational tailwinds ahead in the form of an aging demographic of baby boomers. What they don’t talk about as much is how those trends will affect their companies in potentially negative ways. As the boomers age, so too […]
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Acquisitions Foundry Commercial acquires The Village at Keizer Ridge Real estate and investment firm Foundry has expanded its senior housing portfolio through the acquisition of The Village at Keizer Ridge. Following the acquisition, Foundry now owns 30 senior living communities with a total of 1,900 units alongside operating 57 communities. The Village at Keizer Ridge […]
Financings JLL Capital Markets leads $179.5M financing for Brookdale JLL Capital Markets announced on Jan. 9 that it closed on a seven-year fixed rate loan of $179.5 million on behalf of Brookdale. According to a press release, the loan was done through Fannie Mae, and the proceeds were used to refinance a seven-year tranche of […]
Acquisitions IRA Capital acquires $41M, 140-unit community IRA Capital, a private equity firm, announced that on Dec. 21 it had acquired the 140-unit San Clemente Villas by the Sea. According to a press release, the acquisition cost $41 million, and IRA Capital plans to invest additional capital to “elevate the senior living experience” at the […]
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