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 »
MorningStar Welcomes New President/CIO
MorningStar Senior Living announced a new President and Chief Investment Officer, Jamie Ranzan. Ranzan brings 20 years of experience in real estate development, acquisitions and operations across multiple property types, including senior living. Ranzan began her career at Ernst & Young as an auditor in the real estate group of its Orange County office. From there she joined KBS Realty Advisors in Newport Beach where she was responsible for a $1.8 billion portfolio with assets across the U.S. Her next role was CFO/BP of Corporate Finance for MBK Senior Living, responsible for acquisitions, dispositions, accounting, finance, insurance, tax and compliance. Razan relocated to... Read More »
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 »Schedule a demo
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