Author

Hayden Spiess

Kensington_Redondo-Beach-Calif
AcquisitionsCaliforniaNews

American Healthcare REIT Acquires $572M Portfolio from Kensington Senior Living

by Hayden Spiess

IRVINE, Calif. — American Healthcare REIT has completed the $572 million acquisition of a 464-unit portfolio. Kensington Senior Living is the seller.  The properties, which are also operated by Kensington, are located in the major metros of Los Angeles, New York City, Washington, D.C., and the San Francisco Bay Area. The six-community portfolio is part of a broader, eight-community portfolio totaling 745 units. American Healthcare plans to acquire the remaining two properties, bringing the total purchase price for the eight communities to $873 million. According to a press release issued by …

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AcquisitionsMinnesotaNews

LTC Acquires 453-Unit SHOP Portfolio in Minnesota for $200M

by Hayden Spiess

WESTLAKE VILLAGE, Calif. — LTC Properties has completed a $200 million seniors housing operating portfolio (SHOP) acquisition in Minnesota.  Totaling 453 units across four communities, the portfolio features independent living, assisted living and memory care units. The average age of the properties is nine years.  This acquisition brings LTC’s SHOP portfolio to 43 communities. California-based LTC first launched its SHOP portfolio, which now represents 38 percent of the company’s annualized net operating income, in May 2025.  Lifespark Senior Living, an existing operating partner of LTC, has assumed management of the newly …

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Design-Panel
FeaturesNews

InterFace Panel: Boomers Are Dictating the Present, Future of Seniors Housing Design

by Hayden Spiess

By John Nelson ATLANTA — The first baby boomers are turning 80 this year, and research from NIC MAP, the data arm of the National Investment Center for Seniors Housing & Care (NIC), indicates that the 80-and-older population will grow by 1 million annually through the early 2030s. This swelling cohort is impacting demand for more senior living spaces. However, construction of new seniors housing remains muted. Fewer than 16,000 units are under construction as of the end of the second quarter, which is the lowest level of supply in the …

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Virginia-Portfolio
AcquisitionsNewsVirginia

SLIB Arranges Five-Property Portfolio Sale in Virginia

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing portfolio located in Virginia.  Totaling 159 units across five assisted living properties, the portfolio is licensed for 267 beds.  Four of the communities are situated in northwest Virginia, with a fifth property in southwest Virginia. According to SLIB, most of the facilities were constructed in the 1990s.  Toby Siefert and Dave Balow of Illinois-based SLIB brokered the transaction. The seller was a local owner and operator retiring from the industry, and the buyer was a …

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The-Steven_Rocklin-Calif
Affordable HousingCaliforniaDevelopmentFinanceNews

Merchants Capital Provides $193.8M in Construction Financing for Affordable Communities Near Sacramento 

by Hayden Spiess

ROCKLIN, Calif. — Merchants Capital has provided $193.8 million in construction financing for the development of two new affordable multifamily communities in Rocklin, about 20 miles northeast of Sacramento.   Dubbed The Frances and The Steven, the properties are being developed by USA Properties Fund. Upon completion, The Steven will feature 180 units for seniors age 55 and older, with residences reserved for renters earning between 30 and 70 percent of the area median income. Nonprofit LifeSTEPS will provide support services including classes in health and wellness, financial literacy, computer training, homebuying, …

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Operations-Marketing-Panel
FeaturesNews

Operators Share Ways to Thrive, Remain Competitive

by Hayden Spiess

By Matt Valley ATLANTA — With the seniors housing occupancy rate riding high at 89.9 percent across the 31 NIC MAP primary markets as of the second quarter — but expenses also rising — what is the best way for operators to increase revenue? “Elevate the services that you already offer,” advises Ahkira Beverly, vice president of sales and marketing at Senior Lifestyle. Doing so strengthens the brand, she insists. “It’s not about reinventing the wheel.”  As of June 1, Chicago-based Senior Lifestyle Corp. operated 10,086 units spread across 88 properties. The …

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Sharon-SouthPark_Charlotte-N.C
CCRCDevelopmentFinanceNewsNorth Carolina

Ziegler Closes $166.4M Bond Financing for Community Expansion in Charlotte

by Hayden Spiess

CHARLOTTE, N.C. — Ziegler has closed approximately $166.4 million in bond financing on behalf of The Presbyterian Home at Charlotte, doing business as The Sharon at SouthPark.  Originally founded in 1964, the organization owns and operates a continuing care retirement community in Charlotte. Situated on 28.1 acres in the SouthPark area of Charlotte, the community currently features 247 independent living residences, 38 assisted living units and 96 skilled nursing beds.  Proceeds from the financing will be used to fund an expansion project at the property. The expansion will add 64 new …

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FinanceNewsPennsylvania

BWE Secures $40M Cash-Out Refinancing for Community in Metro Philadelphia

by Hayden Spiess

GLEN MILLS, Pa. — BWE has secured a $40 million cash-out refinancing for Cogir of Glen Mills, a community located about 30 miles west of Philadelphia in Glen Mills. Harbert Management Corp. is the borrower.  Ryan Stoll and Taylor Mokris of BWE arranged the financing through a regional commercial bank on behalf of Harbert.  Built in 2019, the community totals 173 units, with independent living, assisted living and memory care residences. Amenities at the property include multiple dining venues, a fitness center, movie theater, art studio, rooftop deck, landscaped courtyards and …

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Preston-Greens_Lexington-Ky
AcquisitionsAssisted LivingKentuckyMemory CareNews

JLL Brokers Sale of 124-Unit Community in Lexington

by Hayden Spiess

LEXINGTON, Ky. — JLL Capital Markets has brokered the sale of Preston Greens Senior Living, a 124-unit assisted living and memory care community located in Lexington.  A partnership between Cedarhurst Senior Living and an undisclosed REIT acquired the property for an undisclosed price.  Opened in 2021, the 140-bed community was 95 percent occupied at the time of sale. Amenities at the property include multiple dining venues, a bistro and bar, fitness center, salon, therapy and massage rooms, an art studio, theater and landscaped outdoor areas including a courtyard, garden, dog park …

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Bellflower Whispering Ridge
AcquisitionsAssisted LivingIndependent LivingMemory CareNebraskaNews

Agemark Senior Living Acquires, Rebrands Community in Omaha

by Hayden Spiess

OMAHA, Neb. — Agemark Senior Living has acquired Esprit Whispering Ridge, an assisted living and memory care community located in Omaha.  Agemark has rebranded the property as The Bellflower at Whispering Ridge. Along with its investment partner, Agemark plans to invest approximately $1.3 million in capital improvements at the community. Moving forward, The Bellflower will also offer independent living and “assisted living plus” units.  This acquisition brings Agemark’s Omaha portfolio to five communities totaling more than 450 units. 

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