Spring Arbor Living and Allegro Management Company Merge
Lisa Widmier of Vant.Age Pointe Capital Management & Advisory, which has executed several billion dollars in transactions under Widmier, facilitated the merger between Spring Arbor Senior Living and Allegro Management Company, which have come together under a new holding company, Allegro Living. Allegro Living will serve seniors in 53 seniors housing communities across 13 states in the Northeast, Mid-Atlantic, Southeast and Midwest. Spring Arbor adds its 35 communities and more than 2,200 units to Allegro’s 18 communities and more than 2,300 units. These communities will continue to operate under the same name and same team, as the goal of the merger is growth rather than... Read More »
Solinity’s Recent Announcement
Solinity, a seniors housing developer, named William H. Holly and John Moore as Partners in Development to spearhead investor relations in the growth of the company’s development and acquisition pipeline. Solinity has a $300 million pipeline for new development and community acquisitions in the southeastern United States for expansion in 2025. Josh Crisp, Founder and CEO, is the visionary of the development pipeline, which includes plans for multigenerational and mixed use age friendly communities designed to meet the needs of the aging population. With over three decades of industry experience, and a native of Coral Gables, Holly began his career with the Codina Bush Group before holding... Read More »
Ikaria Formalizing CareTrust REIT Relationship
Newly formed Ikaria Capital Group is formalizing an arrangement with CareTrust REIT to provide capital to the seniors housing and nursing home sector. The Ikaria team, which is led by White Oak Healthcare Partners alums Jason Dopoulos and Ken Gould, has worked with CareTrust on several debt transactions since 2022, and this marks a continuation of that relationship. The Ikaria team will also continue to provide debt origination, underwriting, and asset management services. CareTrust’s investment priority will still be on acquiring real estate through accretive transactions but will look to add to its debt investments, which can offer attractive yields. The REIT closed approximately... Read More »
Grace Management’s Recent Updates
Grace Management, which currently operates 70 communities in 22 states, announced the promotion of Brian Storey to President, effective March 1. This transition follows the company’s leadership succession plan, as Storey steps into the role previously held by Guy Geller, who was promoted to Chief Executive Officer on January 1. As part of the structured transition, Michal Penek has been promoted to Senior Vice President of Operations to backfill Storey’s previous role. Storey joined Grace Management in 2015 and has held key roles across every level of the organization throughout his tenure, demonstrating leadership in operations, strategic development, transitions, turnaround execution and... Read More »
Ikaria Capital Group Launches
Ikaria Capital Group, led by Jason Dopoulos and Ken Gould who were formerly with White Oak Healthcare Partners and Lancaster Pollard, announced its launch. Headquartered in Cleveland, Ohio, Ikaria specializes in financing skilled nursing and seniors housing communities. Ikaria brings more than 100 years of collective experience in financing, structuring, underwriting, servicing and asset-managing bridge and FHA/HUD loans. Ikaria’s platform specializes in debt solutions, including bridges for acquisitions, recapitalizations, refinances and construction, permanent (long-term) debt structures, FHA/HUD loans and working capital lines for skilled nursing, hospitals and other healthcare... Read More »Schedule a demo
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