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Hayden Spiess

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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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AcquisitionsCompany NewsNews

Discovery Acquires Sunshine Retirement Living

by Hayden Spiess

BONITA SPRINGS, Fla. — Operator Discovery Senior Living has entered into a definitive agreement to acquire seniors housing management company Sunshine Retirement Living.  Discovery will obtain full ownership of the company, which will join Discovery’s family of management companies and will remain its own distinct company. Luis Serrano, president and co-founder, will continue to lead the company.  Founded in 2010 and based in Bend, Oregon, Sunshine manages a portfolio of 33 senior living communities totaling roughly 3,500 units. The communities comprise approximately 2,750 independent living units, 207 assisted living units and …

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Priority Life Care, Almanac Realty Enter $275M Strategic Partnership

by Hayden Spiess

FORT WAYNE, Ind. — Senior living operator Priority Life Care and investment firm Almanac Realty Investors have entered into a new strategic partnership, with Almanac Realty committing to provide $275 million in capital.  According to a press release, the funds will support Priority Life Care’s “growth initiatives in seniors housing.” Ted Flagg, Jay Wagner and Tim Hosmer of JLL advised Priority Life Care in the transaction. Headquartered in Indiana, Priority Life Care operates a portfolio of more than 70 communities. 

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AcquisitionsAssisted LivingGeorgiaMemory CareNews

Mainstay Acquires Two Georgia Communities

by Hayden Spiess

COLUMBUS and LAWRENCEVILLE, Ga. — Mainstay Financial has completed the acquisition of two senior living communities located in Georgia. Together, the properties total 78 units.  The acquisition, which closed at the end of September, includes Ansley Cove Columbus, a 30-unit memory care community in Columbus, and Ansley Court Lawrenceville, a 48-unit assisted living and memory care community located in Lawrenceville.  Mainstay Senior Living, the seniors housing operating company owned by Mainstay Financial, operates both communities.  Mike Garbers of Berkadia brokered the transaction. The seller and sales price were not disclosed. 

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AcquisitionsNews

Brookdale to Acquire 30 Communities From Welltower for $290M

by Hayden Spiess

BRENTWOOD, Tenn. — Brookdale Senior Living (NYSE: BKD) has entered into a definitive purchase agreement with Welltower Inc. for the acquisition of 30 communities. The purchase price is $290 million.  Brookdale currently occupies and operates the properties, which total 1,152 units, on a leased basis. The company expects that the transaction will reduce 2027 annual cash rent payments by approximately $17.8 million. The leases would have otherwise matured in 2032.  Contingent upon the closing of the 30-community acquisition, Brookdale plans to extend a separate, 39-community lease with Welltower. The lease would …

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GeorgiaNewsOperations

Atlas Senior Living Assumes Management of 95-Unit Community in Metro Atlanta

by Hayden Spiess

ROSWELL, Ga. — Atlas Senior Living, a Birmingham, Alabama-based owner and operator, has assumed management of The Georgian Lakeside in Roswell, approximately 30 miles north of Atlanta.  Cogir Senior Living previously operated the assisted living and memory care community, which totals 95 units. The Georgian Lakeside originally opened in 2016.  Amenities at the property include multiple dining venues, a private dining room, a theater, salon, library, fitness center and on-site therapy services.  Founded in 2013, Atlas operates a portfolio of 40 senior living communities on the East coast and across the …

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FeaturesNews

Development Is Back…Selectively, Says Panel

by Hayden Spiess

ATLANTA — Charlie Jennings, managing director and deal principal at Foundry Commercial, takes a strong stance on the next phase of seniors housing and the abundance of players interested in this undersupplied sector blessed with highly favorable demographics. “I hope the multifamily guys stay on the sidelines and stay in their lane.”  Jennings’ comment came during a panel titled “Rebounding Development Market: When Will Development Come All the Way Back?” at the 13th annual InterFace Seniors Housing conference, which recently took place at the Grand Hyatt Buckhead Atlanta. The event drew …

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FloridaNewsOperations

Charter Assumes Management of 140-Unit, LTC-Owned Property Near Tampa

by Hayden Spiess

LAND O’LAKES, Fla. — Charter Senior Living has assumed management of a 140-unit seniors housing community in Land O’Lakes, roughly 20 miles north of Tampa. LTC Properties owns the community.  As part of the transition, the property — which comprises independent living, assisted living and memory care residences —  has been rebranded to Charter Senior Living at Terra Bella.  Charter and LTC first established their partnership in 2025, when Charter was named as the operator of two communities in Kentucky. Illinois-based Charter’s portfolio now totals almost 75 seniors housing communities across the …

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AcquisitionsAssisted LivingMarylandMemory CareNewsVirginia

Cushman & Wakefield Brokers $89M Sale of Two-Property Portfolio in Maryland, Virginia

by Hayden Spiess

GREAT FALLS, Va. and QUEENSTOWN, Md. — Cushman & Wakefield has brokered the $89 million sale of a two-property seniors housing portfolio located in Maryland and Virginia. LTC Properties acquired the portfolio from Buvermo Investments, SHA Capital, Verity Commercial and INDIE.  Both assisted living and memory care communities, the properties include Queenstown Landing in Queenstown, Maryland, and The Residence at Colvin Run in Great Falls, Virginia. The communities were built in 2021 and 2022, respectively.  IntegraCare will continue to operate the properties on behalf of LTC.  Joshua Jandris, Brett Gardner, Robert …

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