Communities

Cure Alzheimer’s Fund Receives $500,000 Donation

WELLESLEY, MA–Cure Alzheimer’s Fund announced today that the nonprofit has received a $500,000 donation from an inaugural fundraiser organized by Cure Alzheimer’s Fund board member Sherry Sharp through the Rick Sharp Alzheimer’s Foundation. Sharp presented the check to Cure Alzheimer’s…

Care Investment Trust LLC Enters Into Joint Venture With Greenfield Senior Living Inc. For Newly Renovated Senior Living Community In Pennsylvania

NEW YORK–Care Investment Trust LLC (“Care”), a real estate investment company focused exclusively on the seniors housing sector, expanded its strong relationship with Greenfield Senior Living (“Greenfield”) with the acquisition of Spring Meadows of Lansdale (to be known as “Greenfield…

IPRO To Oversee NY Adult Care Services

LAKE SUCCESS, NY–IPRO will be responsible for oversight of long-term, mostly nonmedical adult care residential services for New Yorkers unable to live independently, under a new contract with the state’s Department of Health, Division of Assisted Living. Under New York…

Always Best Care Announces New Owners Of The Philadelphia Main Line Territory

ROSEVILLE, CA–Always Best Care Senior Services, one of the leading senior care franchise systems in the United States, announced today that Michael Friedberg and his partner Di Guo have acquired the Philadelphia Main Line territory. Always Best Care of Main…

Welltower Completes Sale Of 28 Long-term/Post-acute Care Facilities To Cindat/Union Life Joint Venture

TOLEDO, OH–Welltower Inc. (NYSE:HCN) announced today that it has completed its previously announced sale of 28 long-term/post-acute care facilities, master leased to Genesis Healthcare, Inc. (NYSE:GEN) (“Genesis”), to a joint venture (“Joint Venture”) among Welltower, Cindat Capital Management (“Cindat”) and…

LTC Declares Its Monthly Common Stock Cash Dividend For The First Quarter Of 2017

WESTLAKE VILLAGE, CA–LTC Properties, Inc. (NYSE:LTC) announced today that it had declared a monthly cash dividend on its common stock for the first quarter of 2017. The Company declared a monthly cash dividend of $0.19 per common share per month…

StoneCreek Appoints Civitas Senior Living As New Managing Partner

EDMUND, OK–StoneCreek Assisted Living and Memory Care announced a new management agreement with Civitas Senior Living, a fast-growing, Texas-based company that manages more than 30 senior living communities throughout the country. The agreement provides Civitas the management of 58 assisted…

AdCare Announces Recertification Of Jeffersonville Facility

ATLANTA–AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term healthcare, today announced the company’s Jeffersonville facility has been recertified by…

Land And Buildings Issues Letter To Brookdale Senior Living Shareholders Highlighting Path To Real Estate Monetization And Maximizing Shareholder Value

STAMFORD, CT–Today Land and Buildings Investment Management LLC (“Land and Buildings”) issued the following letter to Brookdale Senior Living’s Shareholders: Brookdale Senior Living (NYSE: BKD) (“Brookdale”, “BKD” or the “Company”) shareholders have endured one misstep after another on the part…

New Survey Results Reveal The Importance And Challenges Of Dining Services At Senior Living Communities

WASHINGTON–A recent survey of senior living executives revealed two opposing trends relating to the dining services provided at senior living communities and skilled nursing facilities across the country: 1.Executives overwhelmingly believe that dining plays a significant role in consumers’ selection…