Mainstreet Unveils New Model, Ushers In New Execs
Changes are afoot at Mainstreet. Mainstreet Property Group, the nation’s largest developer of skilled nursing/transitional care properties, has seen significant churn in its top leadership over the...
View ArticleMonday Jump-Start: Big Changes for Holiday, ABHOW, Mainstreet
Happy Monday! Hopefully, you’ve already had your morning coffee and you’re ready to take on the day. Before you do, take some time to get caught up on the events of the past few days. In the senior...
View ArticleBill Thomas Joins Holiday Retirement as Chief Wellness Officer
Dr. Bill Thomas, a well-known senior care pioneer and the originator of the Green House senior living model, is joining the executive team at the nation’s largest independent living provider. He will...
View ArticleIn the Pipeline: Senior Housing Construction Projects (3/27/17)
Construction: Planned Senior Community Planned in California Located in Morgan Hill, California, Steadfast Senior Living is planning a new community with 67 senior apartments for assisted living and...
View ArticleDeveloper Leo Brown Launches Post-Acute Pipeline, Taps Mainstreet Alums
Leo Brown Group has become well-established as a senior housing developer since its founding in 2006, and now the company is branching out with a new push into post-acute care. The company has tapped...
View ArticleSenior Housing Investments & Transactions: Benchmark Senior Living
Benchmark Senior Living Buys CCRC Near Boston A continuing care retirement community (CCRC) near Boston has a new owner. Benchmark Senior Living, which is based in Waltham, Massachusetts, acquired New...
View ArticleMainstreet Halts All Rapid Recovery Center Projects in Arizona
Mainstreet, one of the largest developers of post-acute properties in the United States, is having a rocky launch for its Rapid Recovery Center offering. One year ago, Mainstreet’s plan was to open 11...
View ArticlePossible Foreclosure, Lawsuit Point to Further Signs of Financial Distress at...
Two new developments point to signs of financial distress at Mainstreet. First, a former Mainstreet executive is suing the Carmel, Indiana-based organization, alleging that it terminated him in...
View ArticleInvesque Targets $2.5 Billion Portfolio of Senior Living, Health Care Properties
Invesque, the real estate investment company headed up by former Mainstreet executives, is continuing to rapidly expand. It has re-located to a new headquarters building in Carmel, Indiana and is...
View ArticleMainstreet Sells Four Rapid Recovery Centers in Texas to Former Executive
Mainstreet has sold the operations of four Rapid Recovery Centers in Texas to a former executive and his newly formed operations company. Mark Fritz — the former executive who helped create the “Rapid...
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