• Clarion Partners Expands in Nashville MSA

    Clarion Partners, an affiliate of Franklin Templeton Investments, announced that Clarion Partners Real Estate Income Fund Inc. acquired Vitality Living Franklin, a 126-unit seniors housing community in Franklin, Tennessee (Nashville MSA). The community was built in 2014, renovated in 2023 and faced little new competition in the area. It was... Read More »
  • Regional Buyer Acquires Community Adjacent to Its SNF

    Senior Living Investment Brokerage’s Jason Punzel, Vince Viverito, Jake Anderson and Taylor Graham recently sold a 42-unit assisted living community in Cashmere, Washington, near Wenatchee in the central part of the state. Epledalen Assisted Living was built in 1999 and was fully occupied, but its local owner/operator wished to exit the industry.... Read More »
  • National Healthcare Properties and Discovery Buy Large Portfolio

    In an off-market deal, National Healthcare Properties acquired a portfolio of 13 seniors housing communities in eight states through a joint venture with Discovery Senior Living. The new SHOP assets total 592 units of assisted living and will be placed under a RIDEA structure with Discovery, which has been managing and will continue to manage the... Read More »
  • Debtor Sells SNF at Auction

    Blueprint was engaged by the debtor and approved by the U.S. Bankruptcy Court of Eastern New York District to sell the real estate of a skilled nursing facility outside of Yakima, Washington. Arcadia Medical Resort of Parkside was built in 1972 and is licensed for 88 beds, providing long-term care, rehabilitation and therapy services. It is set... Read More »
  • Dwight Capital Buys HUD Mortgage Servicing Rights Portfolio

    Dwight Capital acquired Midland States Bank’s seniors housing HUD mortgage servicing rights portfolio, which includes loans secured by skilled nursing facilities, assisted living communities and hospitals. The portfolio totals over $500 million in unpaid principal balance from 69 loans across 22 states. Now, following the acquisition, the loan... Read More »
Pegasus Senior Living’s Leadership Changes

Pegasus Senior Living’s Leadership Changes

Pegasus Senior Living announced several leadership changes that it believes will position the organization for continued growth in 2025 and beyond. Industry veteran Chris Hollister, Pegasus Chair and CEO, will maintain his role with a refined focus on revenue growth and new business development. Rich Williams will continue his role as COO overseeing operational, clinical and sales teams. However, he is now also Co-President with Wade Mullis, who will additionally continue as Chief Administrative & Investment Officer to lead accounting, financial planning, IT, facilities, risk management and investment functions.  Daniel Leaf, the Senior Vice President of Business Development will... Read More »
Pegasus Senior Living’s Leadership Changes

SVN Senior Living Advisors Hires Mark Myers

SVN Senior Living Advisors kicked off its 2025 with a new hire and is primed for a busy year. Industry veteran Mark Myers made the move from Walker & Dunlop to join SVN SLA’s existing team of Tony Yousif, Torey Riso, Don Husi, John Klement, Joshua Salzman, Aaron Thompson, Jacob Bennema, Fabio Riso, Shelly Bird and Michael Watson. Myers will join as a Managing Director and Member of the Executive Committee. He helped facilitate and close a 76-facility portfolio bankruptcy sale and another three-facility portfolio deal within the past 30 days before joining the firm, so he’ll look to continue that activity in 2025. The hire comes after a building year for SVN SLA, which also refined its... Read More »
Pegasus Senior Living’s Leadership Changes

Welltower’s Executive Promotions

Welltower announced several executive promotions to start off the new year. First, John Burkart has been appointed Vice Chairman & Chief Operating Officer after previously serving as Executive Vice President – Chief Operating Officer.  Prior to joining Welltower in 2021, Burkart spent 25 years at Essex Property Trust, most recently serving as Senior Executive Vice President and Chief Operating Officer. Burkart holds a BS in Finance from San Jose State University and an MBA in Real Estate from Golden Gate University. Next, Nikhil Chaudhri was appointed Co-President & Chief Investment Officer after previously serving as Executive Vice President – Chief Investment Officer.... Read More »
Pegasus Senior Living’s Leadership Changes

Leadership Transitions at CPF and Grace Management

CPF Living Communities and Grace Management, Inc. announced leadership transitions effective January 1. John Rijos will assume the role of Founder and Chairman of CPF and Chairman of Grace Management, while Guy Geller will take on the responsibilities of CEO for both CPF and Grace Management.  John Rijos is also Managing Partner of CPF’s Healthcare Real Estate Fund. Under his guidance, CPF has expanded its portfolio to include a diverse range of high-quality senior living communities across the United States. Guy Geller has been a driving force behind the organization’s growth since joining in 2016. In his previous roles as COO of CPF and President of Grace Management, Guy has... Read More »
Leadership Change at LTC Properties

Leadership Change at LTC Properties

After more than 17 years at the helm of LTC Properties, Wendy Simpson is stepping down as CEO and will become Executive Chairman. Replacing her at the top will be two seasoned LTC executives. Current co-Presidents Clint Malin and Pam Kessler will be co-CEOs of the REIT. They already have a close working relationship so the transition should be smooth. Pam joined LTC in 2000 and became CFO in 2007. Clint joined the company in 2004 as Chief Investment Officer. Cece Chikhale has been promoted to CFO after serving as Controller and Treasurer since 2007, and Chief Accounting Officer since 2020. She joined the company in 2002. This is a seasoned management team if we have ever seen one, and a... Read More »
In Memoriam: Jim Moore, 1934 – 2024

In Memoriam: Jim Moore, 1934 – 2024

I was saddened to hear of the passing of my old friend Jim Moore, the founder of Moore Diversified Services. I had known Jim for nearly 40 years, and we always enjoyed catching up on the latest industry trends, and a little gossip thrown in as well, when we would see each other at the various industry conferences throughout the years. One of the first things he would say to me was, “How do you get away with saying the things you say?” but always with a little twinkle in his eye. I always thought he was a little jealous of that. Jim was an industry icon, spending nearly 50 years analyzing the industry, its operations, its financial feasibility and, of course, its people. He literally lived... Read More »