Tuesday, April 15, 2025
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Hayden Spiess

Lucinda-Baier
Company NewsNewsPeopleTennessee

Lucinda Baier Steps Down as Brookdale CEO

by Hayden Spiess

BRENTWOOD, Tenn. — Lucinda (Cindy) Baier has stepped down as president and chief executive officer of Brookdale Senior Living (NYSE: BKD), effective April 13. According to Brookdale, the largest U.S. seniors housing operator based on the American Seniors Housing Association’s 2024 ASHA 50 rankings, the company entered into a separation agreement with Baier and has initiated a search for a new CEO. Baier also resigned from Brookdale’s board of directors.  Baier first joined the company in February 2018. Prior to becoming the CEO, she served as Brookdale’s chief financial officer.  “It has been …

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Jason-Dopoulos_Ikaria
FeaturesIndustry Voices

Ikaria Capital Group’s $1.5B Bridge-to-HUD Deal Pipeline is Newly Launched Firm’s Meal Ticket

by Hayden Spiess

Jason Dopoulos and Ken Gould, co-founders of Cleveland-based Ikaria Capital Group, have ambitious plans for their fledgling company, which specializes in financing skilled nursing and seniors housing facilities. The duo is intent on their firm becoming the No. 1 lender in HUD’s Section 232 program, which provides mortgage insurance for residential care facilities such as assisted living facilities and nursing homes. “We want to be the No. 1 HUD lender within three years. We want to do $1 billion to $1.5 billion of bridge loans a year, and we want …

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Doug-Korey
CaliforniaCompany NewsNewsPeople

Industry Veteran Doug Korey Retires

by Hayden Spiess

WESTLAKE VILLAGE, Calif. — Doug Korey, an industry professional with more than 40 years of experience in the seniors housing sector, has retired.  Most recently, Korey served as managing director of business development for LTC Properties. According to the company, Korey is departing to focus on his family and health.  A member of the American Health Care Association and the American Seniors Housing Association, he originated and structured billions of dollars in health care real estate transactions throughout his career and was engaged in the broader seniors housing and care landscape.  …

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Shepherd's-Care_Greenville-S.C
AcquisitionsAssisted LivingMemory CareNewsSouth Carolina

SLIB Brokers Sale of 60-Unit Assisted Living, Memory Care Community in Greenville, South Carolina

by Hayden Spiess

GREENVILLE, S.C. — Senior Living Investment Brokerage (SLIB) has brokered the sale of Shepherd’s Care Assisted Living and Memory Care Community in Greenville. The property totals 60 units.  Bob Jones University (BJU) sold the community to an undisclosed local investor, which has partnered with a Southeast-based operator.  Daniel Geraghty and Bradley Clousing of SLIB represented BJU in the transaction.  According to Geraghty, the buyer plans to renovate the property. 

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The-Variel_Woodland-Hills-Calif
Assisted LivingCaliforniaFinanceIndependent LivingMemory CareNewsPennsylvania

BWE Secures $308M Refinancing for Two Communities in California, Pennsylvania

by Hayden Spiess

LOS ANGELES and AMBLER, Pa. — BWE, a Cleveland-based commercial real estate financial services firm, has arranged the $308 million refinancing of a pair of seniors housing properties in the Los Angeles and Philadelphia metro areas. The financing was structured as a single transaction on behalf of a joint venture between Columbia Pacific Advisors, LAMB Properties and Harbert South Bay Partners. Momentum Senior Living operates both properties. Located northwest of Los Angeles in Woodland Hills, California, The Variel is a 336-unit community that offers independent living, assisted living and memory care …

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NIC-MAP-Occupany-Property-Type
MarylandNews

Seniors Housing Demand at All-Time High, Says NIC

by Hayden Spiess

ANNAPOLIS, Md. — Demand for seniors housing has reached an all-time high, according to the National Investment Center for Seniors Housing & Care (NIC).  The Annapolis-based organization reported that occupancy rates in the U.S. increased 0.3 percentage points — from 87.1 percent in the fourth quarter of 2024 to 87.4 percent in the first quarter of 2025 — referencing data from NIC MAP, which tracks occupancy rates in 31 primary markets throughout the country. Occupancy across independent living properties rose to 89 percent from 88.6 percent in the same period, and …

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Superior-Residences_Lecanto-Fla
AcquisitionsAssisted LivingFloridaMemory CareNews

Continuum Brokers Sale of Five-Property Portfolio in Florida

by Hayden Spiess

TAMPA, Fla. — Continuum Advisors has brokered the sale of a five-property senior living portfolio located in central and northern Florida.  The communities, which were in receivership at the time of sale, include Superior Residences of Clermont in Clermont; Superior Residences of Cala Hills in Ocala; Superior Residences of Brandon in Brandon; Superior Residences of Lecanto in Lecanto; and Superior Residences of Niceville in Niceville.  In total, the portfolio comprises 340 total units, with 76 assisted living residences and 266 memory care units.  Tampa-based Continuum arranged the sale on behalf of …

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Investment-Panel_Seniors-West
FeaturesNews

Foundation Has Been Laid for Investment Sales to Flourish in 2025, Says InterFace Panel

by Hayden Spiess

LOS ANGELES — Dan Baker, director of capital markets for JLL, says the seniors housing and care industry doesn’t need to speculate on whether the market rebound is real or perceived because the numbers tell the story.  “I think last year saw the most announced seniors housing transactions ever in a calendar year, not necessarily the most dollar volume,” said Baker during a recent investment panel discussion at InterFace Seniors Housing West in Los Angeles. Baker cited the lack of larger portfolios trading hands as the reason for the modest dollar …

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Steve Leone
FeaturesIndustry Voices

Architect Q&A: Designing for Health and Human Experience

by Hayden Spiess

Founded in 1954 and based in Hamilton, New Jersey, Spiezle Architectural Group is a firm that provides architecture, interior design, construction, furniture procurement, engineering and landscape design services. With 120 employee-owners, the firm operates out of five offices and offers design services nationwide and internationally.  Seniors Housing Business spoke with Steve Leone, a principal at the firm, to hear about Spiezle, its approach to acute healthcare and senior living projects and Cathedral Village, a project in Philadelphia.  SHB: Your firm’s website makes clear that Spiezle provides a variety of services including architecture, …

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Facility_Waco-Texas
AcquisitionsAssisted LivingNewsSkilled NursingTexas

Blueprint Brokers Sale of 106-Unit Assisted Living, Skilled Nursing Facility in Waco, Texas

by Hayden Spiess

WACO, Texas — Blueprint has brokered the sale of an assisted living and skilled nursing facility totaling 106 units in Waco.  Closed in 2018, the community was vacant at the time of sale. The property was built in 2015. Amenities at the facility include an outdoor courtyard, patio and putting green.  Amy Sitzman and Giancarlo Riso of Blueprint represented the undisclosed seller in the transaction. 

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