Lument Brings on New Director
Jason Beakas joined Lument as a director, supporting the firm’s seniors housing and healthcare origination efforts with Doug Harper and Casey Moore. He is based in Columbus, Ohio, and serves clients nationwide. Since joining Lument’s predecessor Lancaster Pollard in 2010, Beakas has managed and underwritten more than 200 transactions totaling nearly $1.7 billion across a range of capital structures, including FHA/HUD, Fannie Mae, USDA, balance sheet loans, and tax-exempt bonds. Read More »
12 Oaks Senior Living Appoints New CFO
12 Oaks Senior Living appointed Elliott Westerman as CFO, effective immediately. Westerman has more than two decades of leadership experience across senior living, healthcare, and real estate sectors. As CFO, Westerman will oversee all aspects of financial management, including financial planning and analysis, capital structure strategy, performance optimization, and technology integration. His appointment comes at a pivotal time for 12 Oaks, as the company continues to grow its regional footprint and scale its operational capabilities. Westerman has previously held CFO roles at Highgate Senior Living, The Hearthstone, and Stafford Health Services. Most recently, he served as CFO and... Read More »
Hilco Announces Bid Deadline for Florida Asset
Hilco Real Estate, LLC has announced July 10, 2025, as the bid deadline for a fully operational assisted living community in Cape Coral, Florida, Atrium at Liberty Park. Built in 2019, the well-established senior living property offers both assisted living and memory care services across 135 beds (108 for AL and 27 for MC). The property is currently cash flow positive, generating approximately $2 million in annual revenue, and provides investors with immediate operational income. Occupancy was 86%. It also has modern call and monitoring systems that enhance resident safety, plus a lifestyle program includes fitness classes, social outings and daily activities to foster engagement and... Read More »
Willow Valley Communities’ New President and CEO
Willow Valley Communities appointed Lisa Hawthorne (formerly known professionally as Lisa Legeer) as its new President and Chief Executive Officer. Following a comprehensive national search, Hawthorne was selected for her leadership, industry experience, and vision for the future of senior living. Hawthorne brings more than 28 years of expertise in senior living and health care, spanning development, operations, marketing and finance. She played a pivotal role in more than 100 senior living community developments nationwide, including startups, expansions, repositioning projects, and related financing transactions. Throughout her career, Hawthorne has collaborated closely with executive... Read More »
LaVie Completes Bankruptcy Proceedings
A year ago, LaVie Care Centers filed for Chapter 11 bankruptcy for the second time since 2021. The company cited a financial restructuring designed to improve its capital structure and position it for long-term success as the reason for filing. At the time, the operator’s portfolio comprised 43 skilled nursing facilities across five states. It secured a commitment of $20 million in debtor-in-possession financing from key stakeholders, including affiliates of Omega Healthcare Investors (LaVie’s largest landlord and secured lender). On June 1, LaVie completed its bankruptcy proceedings with the Omega-LaVie master lease being assumed and assigned to a new entity, Avardis. The monthly... Read More »Schedule a demo
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