Author

Hayden Spiess

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AcquisitionsIllinoisNews

Senior Resource Group Acquires Community in Metro Chicago for $212.5M

by Hayden Spiess

LINCOLNWOOD, Ill. — Senior Resource Group and the TIAA Real Estate Account — which is managed and supported by Nuveen Real Estate — have acquired The Carrington at Lincolnwood in Lincolnwood, roughly 13 miles northwest of downtown Chicago. A partnership between LAMB Properties and Harbert South Bay Partners sold the property for $212.5 million.  Totaling 383 units, The Carrington at Lincolnwood features independent living, assisted living and memory care residences. The community was built in 2028. Amenities at the property include an indoor pool, movie theater, wellness gym, sports bar, game …

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FinanceNewsWashington

Columbia Pacific Advisors Receives $130M Refinancing for Community in Seattle

by Hayden Spiess

SEATTLE — Columbia Pacific Advisors has received a $130 million loan for the refinancing of Murano Senior Living, a seniors housing community located in Seattle. The borrower developed the property, which opened in 2019.  Chris Cain, Tyler Armstrong and Taylor Russ of Lument arranged the financing on behalf of the borrower.  “This financing reflects the strength of the sponsorship, the continued operating momentum at Murano and the long-term fundamentals supporting seniors housing in Seattle,” says Cain. Murano Senior Living features 243 units, with 215 independent and assisted living units and 28 …

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CaliforniaDevelopmentMarylandNews

Harrison Street, Harbert to Develop Two Communities in California, Maryland

by Hayden Spiess

PASADENA, Calif. and POTOMAC, Md. — Harrison Street Asset Management and Harbert Management Corp.’s South Bay division have formed a joint venture to develop two seniors housing communities. The properties will be located in Pasadena, California, and Potomac, Maryland.  The Palmer in Pasadena and The Belle Mare in Potomac will total 80 and 94 units, respectively.  PNC Bank provided construction financing for the developments. Momentum Senior Living will manage the communities upon completion.   “Demand for high-quality senior housing continues to outpace supply across the country, a trend expected to accelerate as …

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FeaturesFinanceFrom The Magazine

Expert Commentary: A Roller Coaster Ride for Valuations

by Hayden Spiess

By Brad Schopp Over the past several years, the seniors housing sector has faced one source of pressure after another, with little relief in between. The private-pay segment moved from overbuilding during a three-year period (2017–2019) to pandemic-driven occupancy declines and falling net operating income (NOI), problems that were exacerbated by a sharp rise in interest rates and inflation.  Skilled nursing faced many of the same pressures — albeit without the overbuilding cycle — as well as payor reimbursement volatility and labor strain. Through the first half of 2026, valuation …

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Joe-Weisenburger
Company NewsIllinoisNewsPeople

Charter Appoints Joe Weisenburger SVP of Capital Markets, Business Development

by Hayden Spiess

NAPERVILLE, Ill. — Charter Senior Living has appointed Joe Weisenburger senior vice president of capital markets and business development.  With more than two decades of experience in the seniors housing sector, Weisenburger most recently served as vice president of capital markets and investments at Kisco Senior Living. HE also previously held leadership roles at LCS and Welltower.  “Joe brings an exceptional combination of industry expertise, investment knowledge and longstanding relationships that will be instrumental in Charter’s next chapter,” says Patrick Mathews, CFO and CIO of Charter Senior Living. “His experience and …

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Richard Hutchinson
AcquisitionsCompany NewsNewsOperations

Discovery Acquires 26 Management Contracts From Senior Solutions Management Group

by Hayden Spiess

BONITA SPRINGS, Fla. — Discovery Senior Living has entered into a definitive agreement to acquire the management contracts for 26 seniors housing communities from Senior Solutions Management Group (SSMG).  According to Discovery, the portfolio is concentrated in eight states in the South and the Southeast.  Totaling more than 2,200 units, the communities comprise assisted living, independent living and memory care units. Of the units, 69 percent are assisted living, with 18 percent independent living and 13 percent memory care.  Discovery, led by co-founder and CEO Richard Hutchinson, is currently the largest …

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AcquisitionsColoradoNewsSkilled Nursing

SLIB Arranges Sale of 126-Bed Skilled Nursing Facility in Metro Denver

by Hayden Spiess

CASTLE ROCK, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Brookside Inn, a skilled nursing facility located in Castle Rock, about 30 miles southeast of downtown Denver.  The property totals 126 beds and approximately 43,184 square feet.  A Colorado-based entity, which has owned and operated the community since 1997, sold the community for an undisclosed price. Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of SLIB represented the seller in the transaction.  A California-based skilled nursing operator was the buyer. 

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AcquisitionsCaliforniaNews

SlateView Capital Acquires 151-Unit Community in Southern California 

by Hayden Spiess

FOUNTAIN VALLEY, Calif. — SlateView Capital has completed the acquisition of Parkview Estates, a 151-unit assisted living and memory care community located in Fountain View, approximately 40 miles southeast of Los Angeles.  Amenities at the property, which was completed in 2021, include restaurant-style dining, activity spaces, a fitness and therapy area, a salon and a theater.  The seller and sales price were not disclosed. This marks the second acquisition for SlateView since the firm’s inception. Azhar Jameeli, formerly of IRA Capital, and Kendall Young established SlateView in late August. 

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Company NewsDevelopmentNewsNorth Carolina

Madison Communities Expands Into Seniors Housing Sector

by Hayden Spiess

CHARLOTTE, N.C. — North Carolina-based multifamily development company Madison Communities has announced plans to expand into the seniors housing sector.  The firm’s new platform will focus on the ground-up development of communities in the Sunbelt, with an emphasis on luxury.  “Seniors housing is a natural extension of what we do well — designing and building exceptional communities,” says Ryan Hanks, CEO of Madison Communities. “Demand is accelerating while new construction has nearly stalled.” Matthew Griffin has joined the company as executive managing director of development and will lead the senior living …

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Pennsylvania-Portfolio
AcquisitionsNewsPennsylvania

JLL Arranges Sale, Financing of 479-Unit Portfolio in Pennsylvania

by Hayden Spiess

PHILADELPHIA — JLL Capital Markets has arranged the sale and financing of a seniors housing portfolio located throughout Pennsylvania.  Dubbed the Pennsylvania Portfolio, the assets comprise 479 units across seven assisted living and memory care communities. A joint venture between Almanac Realty Investors and Priority Life Care acquired the portfolio for an undisclosed price. ValStone Partners was the seller.  On average, the communities are 27 years of age. ValStone has completed over $8.8 million in capital improvements at the properties since 2020. IntegraCare previously operated the communities on behalf of ValStone.  …

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