Author

Hayden Spiess

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 Provides $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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Discovery-Village_Naples-Florida
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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Company NewsNews

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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Ansley-Court-Lawrenceville
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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Brookdale Galleria_Houston_Exterior
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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