nursing home in Alabama for $5 million,
the third such transaction the company has
closed in the past year.
BMA Management, based in Bradley,
Illinois, has received the 2010 Premier
Innovative Marketing Campaign Award
from the Institute for Real Estate Management’s Chicago Chapter. The company received the award for its Cambridge
House of Swansea marketing campaign.
In March 2009, BMA Management
opened the affordable assisted living
community in Swansea, Illinois, and in
just 112 days all 103 apartments in the
community were occupied.
dent and COO; Jayne sallerson (left) to
executive vice president, marketing and
sales; and Budgie Amparo to executive
vice president, quality services and risk
management.
Horizon Bay Retirement
Living, based in Tampa,
Florida, has appointed
Aaron Bloom as vice president of legal and risk
management.
Maristone senior Living has appointed
William d. Watson executive director of The
Maristone of Franklin, in Williamson County, Tennessee. Watson also is the company’s
corporate director of quality aging.
The california Assisted Living Association
(cALA) has opened registration for its Assisted Living Leadership Development
Online Course series. Fees cover an eight-course series—$179 for CALA members
and $259 for non-CALA members. Go to
www.caassistedliving.org for details and to
register.
Solana Beach, California-based senior
Resource group has named four new
executive directors: debbie engen at
Silver Springs in Green Valley, Arizona;
colin Marshall at The Carlisle Naples in
Naples, Florida; Mike soto at Village at
Sherman Oaks in Sherman Oaks, California; and tim Maloney at The Village
at Northridge in Northridge, California.
The national investment center for the
seniors Housing and care industry (nic)
has named charles W. Harry Jr. research
director of the organization.
got news? send ALFA member news to
Marlene Hendrickson, Assisted Living Executive
editor, at mhendrickson@alfa.org. not a
member of ALFA? contact Kari Horesky, ALFA
membership manager, at khoresky@alfa.org.
F FINANCIAL NEWS
McLean, Virginia-based sunrise senior
Living has completed restructure transactions announced in October 2009 with
lenders to its German subsidiaries—
Cap-mark Finance, Natixis, London Branch,
and Fortis Bank UK Branch. The company
also has announced that it has entered into
a partial settlement and waiver declaration
with Aareal Bank AG.
Immediate Response
Saves Lives!
Are your facilities AED equipped?
Chicago-based ventas has reported that its
net earnings fell to $52.6 million in 1Q 2010
from $74.2 million in 1Q 2009. However,
cash flow grew due to a slight rise in average
occupancy rates to 88.4 percent in 1Q 2010
from 88.3 percent in 1Q 2009, and improved performance on the company’s portfolio of Sunrise Senior Living properties.
APPOINTMENTS &
PROMOTIONS
Seattle-based emeritus
senior Living has promoted the following
people: chris Hyatt to
executive vice presi-
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