Author

Hayden Spiess

Corso-Atlanta-Phase-11
DevelopmentGeorgiaNews

Galerie Living Underway on 110-Unit Expansion of Atlanta Community

by Hayden Spiess

ATLANTA — Galerie Living has broken ground on an expansion project at Corso Atlanta, its luxury seniors housing community in the Buckhead neighborhood of the city.  Upon completion, the project will add an 11-story residential tower comprising 110 private residences. The tower will also include new amenities and restaurants.  The property currently totals 203 units. Completion of the project is scheduled for spring 2028. Design firm HKS collaborated with Corso on the expansion. Brasfield & Gorrie is serving as the general contractor.  Corso Atlanta originally opened in 2022. 

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Ken-Dychtwald
FeaturesNews

Ken Dychtwald: Boomers Have Broken the Mold on Aging

by Hayden Spiess

By Matt Valley CHICAGO — When Ken Dychtwald entered the field of aging and longevity in 1973, the joke was that a game of shuffleboard was synonymous with the elderly.  “That’s what retirees did — they played shuffleboard,” says the renowned psychologist, gerontologist and best-selling author of 19 books on aging. Twenty-five years later, John Glenn, the famous astronaut and former U.S. senator from Ohio returned to space aboard the space shuttle Discovery at age 77, becoming the oldest person to travel to space at that time.  Leading up to the …

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SLIB-Portfolio-Pic
AcquisitionsKentuckyMichiganNewsTennessee

SLIB Arranges Sale of 443-Unit Portfolio 

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a six-property portfolio totaling 443 units. A partnership between an operator and a publicly traded REIT acquired the portfolio.  Four of the properties are located in Kentucky, with one of the communities in Michigan and another in Tennessee.  According to SLIB, the portfolio has maintained an average occupancy rate of 96 percent over the past three ears.  Bradley Clousing and Daniel Geraghty of SLIB brokered the transaction on behalf of the undisclosed seller. The sales price was not …

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Grace-Street-Apartments-Redevelopment-Rendering_Richmond-Va
Affordable HousingDevelopmentNewsVirginia

PRC Plans Affordable Seniors Housing Redevelopment in Richmond

by Hayden Spiess

RICHMOND, Va. — People Restoring Communities (PRC), an affordable housing development firm, has acquired a residential building in downtown Richmond, with plans to redevelop the property as affordable seniors housing.  PRC is executing the project in a joint venture with The Delaine Cos. and in partnership with the Richmond Redevelopment & Housing Authority (RRHA). In 2022, RRHA acquired the property, Grace Street Apartments, later selecting PRC and The Delaine Cos. to lead the building’s rehabilitation.  PRC has now acquired the property through a ground lease with an upfront payment of roughly …

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Canyon-Villas_San-Diego
AcquisitionsCaliforniaNews

Joint Venture Acquires 122-Unit Community in San Diego

by Hayden Spiess

SAN DIEGO — A joint venture between a private equity group and a local operator has acquired Canyon Villas, a 122-unit seniors housing community located in the Clairemont neighborhood of San Diego. The San Diego Christian Foundation sold the property for an undisclosed price.  Constructed in 1991, the community features independent living, assisted living and memory care residences. Amenities at the property include a courtyard, library, gazebo, activity room, room service and transportation services. Hap Knowles, Nick Stahler and Michael Mooney of Marcus & Millichap brokered the sale on behalf of …

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Hearthside
AcquisitionsAssisted LivingNewsTennessee

Berkadia Brokers Sale of 67-Unit Community in Memphis Suburb

by Hayden Spiess

BARTLETT, Tenn. — Berkadia has brokered the sale of a 67-unit assisted living community located in Bartlett, roughly 15 miles northeast of downtown Memphis.  Built in 2016, the property, Hearthside Senior Living Bartlett, features 65 one-bedroom and two two-bedroom residences. The community was 95 percent occupied at the time of sale. Amenities at the property include private dining spaces, a bistro, beauty salon, fitness center, library, sunroom, lounges, and outdoor patio and garden areas.  An affiliate of Allegro Living will continue to operate Hearthside Senior Living Bartlett on behalf of the …

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FinanceNewsSkilled Nursing

CFG, Lender Group Provide $806M Financing for Skilled Nursing Portfolio

by Hayden Spiess

BALTIMORE — A lender group including CFG, Ally Bank and Northwind Group has closed an $806 million unitranche bridge-to-HUD financing on behalf of undisclosed borrowers.  The borrowers will use the funds to acquire the real estate of 36 skilled nursing properties totaling more than 3,900 beds throughout the country.  Baltimore-based CFG is the sole provider of the B-tranche within the financing. Patrick McGovern and Ryan Hunsicker of CFG originated the transaction for the company. 

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Laurels-Senior-Living-Community_Hazleton-Pa
AcquisitionsAssisted LivingNewsPennsylvania

Decker Arranges Sale of 92-Unit Assisted Living Property in Pennsylvania

by Hayden Spiess

HAZLETON, Pa. — Decker Healthcare Group has arranged the sale of Laurels Senior Living Community, a 92-unit assisted living property located in Hazleton in Eastern Pennsylvania.  Built in 2003 and renovated in 2007, the community has been owned by the same family since opening. Bill Janis, Justin Valle, Jeff Rhodes and Cullen Nguyen of Decker brokered the transaction on behalf of the family ownership.  A Pennsylvania operator of assisted living and skilled nursing facilities acquired Laurels Senior Living Community for an undisclosed price. 

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NIC-Graphic
DevelopmentFeaturesNews

What’s On the Drawing Board for Seniors Housing Supply? 

by Hayden Spiess

By Matt Valley CHICAGO — A new report on potential future seniors housing supply published by the National Investment Center for Seniors Housing & Care (NIC) reveals that there were 88,283 units in the planning pipeline across 214 NIC MAP markets in the second quarter of 2026. Of that total, approximately 95 percent were associated with new property development. “With seniors housing construction remaining constrained and occupancy approaching high levels, attention is increasingly turning to what may come next,” the report states. “Units currently under construction provide visibility into near-term …

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NewsOperations

NIC Study to Identify Drivers of Positive Resident Health Outcomes in Senior Living 

by Hayden Spiess

ANNAPOLIS, Md. — The National Investment Center for Seniors Housing & Care (NIC) is partnering with Healthsperien, a nationally recognized health policy consulting firm, to launch a multi-phase research initiative identifying the nation’s top performing senior living communities for resident health outcomes.  By examining what these communities do differently in care, staffing, and related operational strategies, the study aims to uncover practices that improve resident health outcomes and expand senior living’s value to residents, families, and investors, NIC announced in a press release issued Tuesday, Oct. 20. The collaboration builds …

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