Author

Hayden Spiess

Residences at Appleton
Affordable HousingDevelopmentMassachusettsNews

WinnCos. Completes $55.3M Adaptive Reuse Project in Massachusetts

by Hayden Spiess

HOLYOKE, Mass. — WinnCos. has completed a $55.3 million seniors housing adaptive reuse project in Holyoke. A redevelopment of a vacant mill complex, Residences at Appleton has delivered 88 affordable housing units for residents age 55 and older.  Twelve of the apartments are reserved for seniors earning at or below 30 percent of the area median income (AMI); 63 apartments are reserved for seniors earning at or below 60 percent of the AMI; and 13 apartments are reserved for seniors earning at or below 80 percent of the AMI.  Residences at …

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Amanda-Garvey
FeaturesIndustry Voices

Green Buildings Are Good for Business

by Hayden Spiess

By Amanda Garvey As sustainability in the built environment continues to gain momentum, everything from tall towers to data centers is becoming greener. The seniors housing sector holds significant, often underrecognized potential for advancing eco-friendly practices.  There are currently more than 32,000 assisted living communities in the U.S., according to the National Center for Assisted Living. These facilities present a unique opportunity to make a positive impact on the environment.  As of 2024, there were also 14,827 certified nursing facilities (nursing homes) nationally, according to Kaiser Family Foundation (KFF) State …

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Vivante Newport Center
FeaturesFrom The Magazine

Five Design Trends to Watch in 2026

by Hayden Spiess

By Jane Adler The latest senior living design trends are forward-looking, aimed at attracting the up-and-coming generation of older consumers. These future residents don’t identify with the stereotypes of “old age.” They’re active and focused on staying healthy.  They mostly prefer more modern designs and open interiors that flow into one another so people can connect. They expect spaces that are welcoming and authentic, not unlike those they enjoyed in their former homes.  In response, architects and interior designers are reimagining senior living spaces around the themes of hospitality, wellness …

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Briarwood-Manor_Lockport-N.Y
AcquisitionsAssisted LivingMemory CareNew YorkNews

SLIB Arranges Sale of 113-Unit Assisted Living, Memory Care Community in Western New York

by Hayden Spiess

LOCKPORT, N.Y. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Briarwood Manor, a 113-unit, 160-bed assisted living and memory care community located in Lockport, roughly 30 miles northeast of Buffalo.  Originally opened in 1982, the property was 44 percent occupied at the time of marketing. The memory care wing was added in 2017.  A private owner exiting the seniors housing market was the seller. A private real estate investor acquired the community for an undisclosed price. Dave Balow, Dan Geraghty and Ryan Saul of SLIB brokered the transaction …

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AcquisitionsAssisted LivingMemory CareMissouriNews

Berkadia Brokers Sale of Three Communities in Metro St. Louis 

by Hayden Spiess

ST. LOUIS — Berkadia has brokered the sale of three seniors housing communities located in metro St. Louis. Berkadia arranged the transactions on behalf of the seller, a private equity firm that developed the properties.  The communities include The Grande at Creve Coeur in Creve Coeur, roughly 15 miles northwest of St. Louis; The Grande at Laumeier Park in Sunset Hills, approximately 15 miles southwest of St. Louis; and The Grande at Chesterfield in Chesterfield, about 20 miles west of St. Louis.  The Grande at Creve Coeur, a 53-unit memory care …

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Assisted LivingKentuckyNews

Distinctive Living Assumes Management of Twinbrook Assisted Living in Louisville

by Hayden Spiess

LOUISVILLE, Ky. — Distinctive Living has assumed management of Twinbrook Assisted Living, a senior living community located in Louisville.  Under Distinctive Living, Twinbrook Assisted Living will leverage standardized operating systems, centralized support functions and enhanced reporting.  Founded in 2021, Distinctive Living was ranked as the 36th-largest seniors housing operator in the 2025 edition of the ASHA 50. 

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The Hallmark-Uptdown-Oaks
DevelopmentIndependent LivingNewsTexas

Brazos Presbyterian Homes Plans 385,000 SF Expansion at Houston Community

by Hayden Spiess

HOUSTON — Nonprofit Brazos Presbyterian Homes has announced plans for a 385,000-square-foot expansion at The Hallmark in Houston.  The project will add a 21-story independent living building, Uptown Oaks,  to the continuing care retirement community. Uptown Oaks will feature 120 high-end units.  Construction on the expansion is expected to begin in 2027.  Amenities at Uptown Oaks will include a yoga studio and massage area, art and hobby studio, café, movie theater and pool area. 

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Belmont-Village_Aliso-Viejo-Calif
AcquisitionsAssisted LivingCaliforniaFinanceMemory CareNews

BMO Healthcare Real Estate Provides Acquisition Financing for 156-Unit Belmont Village Community in California

by Hayden Spiess

ALISO VIEJO, Calif. — BMO Healthcare Real Estate has provided financing for the acquisition of Belmont Village Aliso Viejo in Aliso Viejo. Harrison Street Asset Management is the borrower.  Opened in 2019, the Southern California community totals 156 assisted living and memory care units. Belmont Senior Living developed and operates the property.  Harrison Street currently has more than $108 billion in assets under management. 

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AcquisitionsNewsSkilled Nursing

CareTrust Acquires Mid-Atlantic Skilled Nursing Portfolio for $142M

by Hayden Spiess

DANA POINT, Calif. —CareTrust REIT (NYSE: CTRE) has acquired a skilled nursing portfolio located in the Mid-Atlantic for roughly $142 million including transaction costs. The acquisition was funded with cash on hand. The seller was not disclosed.  Totaling 532 licensed beds, the portfolio is operated by a tenant engaged in a triple-net lease with annual inflation-based rent escalators and multiple renewal options.  According to CareTrust, the portfolio is expected to generate a 9 percent stabilized yield.  “The quality of the portfolio, attractive coverage metrics, and the opportunity to transact with a …

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Assisted LivingFinanceMemory CareNewsTexas

Berkadia Secures $30M Financing for Two Communities in Texas

by Hayden Spiess

AUSTIN, Texas — Berkadia has secured $30 million for the refinancing of two assisted living and memory care communities located in Texas. Austin, Texas-based Journeyman Group is the borrower.  The financing includes two seven-year, floating-rate Freddie Mac loans.  Garrett Sacco, Austin Sacco, Steve Muth and Alec Rosenfeld of Berkadia arranged the financing on behalf of Journeyman Group. 

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