Argentum Members, please share your company or community news with us! Click here to submit your information online.
Argentum Member News
For the second time in two years, TidePointe, a Vi Community, has earned a place on the 2016 list of Best Places to Work in South Carolina, which is compiled by the SC Biz News Group in partnership with the South Carolina Chamber of Commerce and the Best Companies Group.
Commonwealth Assisted Living announces it is expanding its community in Front Royal, Va. The 4,308 sq./ft. expansion is expected to be completed by September 1, 2016 and will include four new assisted living suites and four new Sweet Memories™ suites.
Casa Aldea at Santauz, a new assisted living and memory care community currently under construction, anticipates opening late 2016. It is owned by Aldea Partners and professionally managed by Integral Senior Living (ISL).
While the world anticipates the opening ceremonies for the 2016 Summer Olympics in Rio de Janeiro, residents of Rio Terra, a Sagora Senior Living community in New Braunfels, Texas, prepare for the opening day celebration of Sagora Senior Games beginning August 5th. The ceremony kicks off 27 days of fun, competitive activities among residents ranging in age from 55 to 106 years.
Welltower announced it has entered into a definitive agreement to acquire a portfolio of properties operated by Vintage Senior Living for a purchase price of $1.15 billion. The transaction comprises 19 properties offering a combination of independent living, assisted living and memory care communities in premium locations concentrated in Southern and Northern California, including the Los Angeles and San Francisco metro markets, and in the state of Washington.
The impressive main entrance to the former Stratford College still graces the corner of Main and Rison streets, but since 1988 the building has housed Stratford House, an assisted living center for seniors. As announced last week by the center’s board of directors, ownership of the property is expected to change hands in September, with Commonwealth Assisted Living buying the site with plans to make improvements, expand services and add jobs.
Welltower Inc. announced the promotion of Mercedes Kerr to Executive Vice President - Business Development. In this role, Ms. Kerr will lead business development activities to identify, build and manage relationships with health systems, seniors housing operators, real estate developers and financial institutions to grow Welltower’s high-quality health care property portfolio.
Welltower announced that Matthew McQueen, Senior Vice President - Legal has been promoted to Senior Vice President - General Counsel and Corporate Secretary. In this expanded role, Mr. McQueen will report to Jeffrey H. Miller, Executive Vice President and Chief Operating Officer (COO). The role of Corporate Secretary was vacated in July as a result of Erin C. Ibele’s retirement.
Commonwealth Assisted Living announced the pending sale of Stratford House and plans to expand services by investing $3.5 million into the Danville-based senior living community.
Crestavilla, a new resort-style senior living community being developed in Laguna Niguel is one step closer to opening. Recently, the new development broke ground and construction is underway.
Lancaster Pollard has hired Martin Kent to serve as the firm’s new chief credit officer. Kent, most recently the director of multifamily credit/underwriting for Fannie Mae’s seniors housing programs, will provide credit oversight for all the firm’s banking activities.
Benchmark Senior Living has established a new executive vice presidency overseeing sales and operations and appointed Jayne Sallerson to the position. Sallerson, a veteran industry leader, is currently chief operating officer of Sherpa, the senior living sales conversion and CRM system. The appointment is effective on August 22, 2016.
Five Star Quality Care, Inc. (Nasdaq: FVE), which does business under the name “Five Star Senior Living”, announced the addition of Morningside of Vestavia Hills, formerly known as Chateau Vestavia Hills, to their family of communities in the state of Alabama.
Blue Harbor Senior Living has named Tana Gall as Chief Executive Officer effective as of July 1, 2016. In this new role, Tana will head up the operations, business strategy and future growth of the company.
Anthem Memory Care now operates eight dementia care communities in four states, with three more under development. Anthem is based in Lake Oswego, Ore.
HHHunt announces the expansion of its senior living division in North Carolina with the development of a new Spring Arbor community in Cary, North Carolina and the addition of Alzheimer's and related dementia memory care services at existing Spring Arbor communities in Albemarle, North Carolina and Durham, North Carolina.
Kingston Bay, an assisted living and memory care community, is pleased to announce it will be celebrating its official grand opening with an event for the entire community. Kingston Bay is managed by Integral Senior Living.
Brett Murphy has opened a new office for Lancaster Pollard in Chicago and will serve as the firm’s primary health care banker for Illinois. Murphy will be providing seniors housing and health care clients with a full range of investment banking, mortgage banking, private equity, balance sheet financing and M&A advisory services.
Belvedere Senior Housing is expected to open by the fall of 2017 and will serve older adults of all incomes. The $23.4 million project will house 126 private studio and one-bedroom apartments and will add 50 jobs to the local economy.
Legend Senior Living has hired Lorrie Britton as the director of operations for its Kansas and Colorado properties. Legend operates eight senior living campuses combined in Kansas and Colorado and has others in development.