SVN Senior Living Advisors Grows Its Team
There’s a new, and sizable, team in the seniors housing and care brokerage world. And luckily, as we are in the middle of the busiest period of M&A activity ever, there should be enough transactions to go around for everyone to welcome the competition. Torey Riso, an industry veteran with more than 30 years of legal, business and real estate experience, including holding the CEO roles at Care Investment Trust and Blueprint, joined SVN Senior Living Advisors in February 2024 to help expand the firm’s reach into the seniors housing and care sector. He is partnering with Tony Yousif of SVN, an experienced commercial real estate professional who will serve as a “single point of contact”... Read More »
Grace Management Expands Management Portfolio
Grace Management announced the addition of three seniors housing communities to its management portfolio. The communities include The Pointe at Meridian, Snow Canyon Retirement Community, and Cave Creek Assisted Living. Each will continue to be owned by Gold Stream Retirement Communities. Built in 2022, The Pointe is in Meridian, Idaho, and features 60 independent living, 30 assisted living and 10 memory care units. Occupancy is currently hovering around 90%. Snow Canyon is in Santa Clara, Utah, and is set to open in Fall 2024. It will offer 59 independent living, 43 assisted living and 15 memory care units. Cave Creek is in Cave Creek, Arizona, and is scheduled to open late 2024.... Read More »
Christian Horizons is Restructuring
Midwest Christian Villages, dba Christian Horizons, and its related companies filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Christian Horizons is one of the nation’s largest not-for-profit, faith-based organizations delivering skilled nursing, assisted and supportive living, independent living, and pharmacy services to seniors in Illinois, Iowa, Indiana and Missouri. The organization will continue to operate as usual throughout the restructuring process. Its investment bank has been and continues to solicit and receive bids from going concern buyers in a marketing process. A series of events has put significant pressure on the... Read More »
JLL Expands Alternatives Group
JLL hired Senior Director Will Childs and Director Brian Spillers to focus on seniors housing and healthcare properties within its alternatives group, led by Executive Managing Director Bryan Lockard. Childs will focus on providing specialized seniors housing valuation and market study services of single assets to large portfolio transactions throughout the United States. Clients served include a broad base of local and national investment firms, property owners, development and operating companies, commercial and investment banks, insurance companies and REITs. Bringing experience and relationships from over 15 years in the seniors housing industry, Childs will expand JLL’s seniors... Read More »
Sunrise Expands Horizon with 13 Added Communities
Sunrise Senior Living added 13 communities to its growing North American portfolio, with more community additions to follow in the third quarter. Sunrise now operates more than 240 seniors housing communities in the United States and Canada, serving more than 20,000 residents. First, Sunrise assumed a new joint venture ownership interest in two, high-quality assisted living/memory care communities in the suburbs of Chicago, expanding its AL/MC services in a high-performing market. Next, Sunrise assumed management of a portfolio comprising eight independent living communities in the greater Rocky Mountain area. Three additional communities are anticipated to close in the coming weeks. ... Read More »Schedule a demo
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