Author

Hayden Spiess

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CaliforniaDevelopmentNews

Bluhm Family Foundation Breaks Ground on 214-Unit Luxury Community in Southern California

by Hayden Spiess

HUNTINGTON BEACH, Calif. — The Bluhm Family Foundation has broken ground on The Marisol, a 214-unit luxury seniors housing project in Huntington Beach, roughly 40 miles southeast of Los Angeles. In May, the developer received $252.1 million in bond financing for the project.  Upon completion, the community will feature a mix of studio, one- and two-bedroom apartments. Amenities will include a coffee and snack bar, community store, wellness lounge, swimming pool, spa, beauty salon, golf simulator, gym, art studio, craft studio, community room and three courtyards.  Opening is scheduled for 2028. Momentum Senior …

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CaliforniaCompany NewsNews

Northstar, Alta Senior Living Merge

by Hayden Spiess

REDDING, Calif. — Northstar Senior Living and Alta Senior Living have executed a partnership and merger. Moving forward, the combined company will operate under the Northstar brand.  Headquartered in California, Northstar manages a portfolio of senior living communities throughout the U.S. Northstar engaged Blueprint to identify and secure a strategic capital partner to recapitalize its management platform, which resulted in the merger.  Scott Frazier, Ryan Chase and Jacob Gehl of Blueprint served as exclusive advisors to Northstar.   Additionally, Hidden River Strategic Capital has announced an investment in Northstar in connection with …

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FeaturesFrom The Magazine

Viva Senior Living Is Growing with Gusto

by Hayden Spiess

By Hayden Spiess Christopher Metternich believes that senior living residents know more than the industry gives them credit for.  “Sometimes we think that we’re a little bit smarter than a resident,” muses Metternich. “Instead of thinking that way, we should be looking at the residents to tell us how we should do our business. They’re paying us money, and they are asking for services in a certain way.”  Metternich is founder and part owner of Viva Senior Living, a third-party seniors housing management company that incorporates a resident-centric attitude throughout …

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Grand Living Tuscan Lakes
AcquisitionsNewsTexas

Berkadia Brokers Sale of 186-Unit Community Near Houston

by Hayden Spiess

LEAGUE CITY, Texas — Berkadia has brokered the sale of Grand Living at Tuscan Lakes, a senior living community located in League City, roughly 30 miles southeast of downtown Houston.  Town Land and Arcole Partners acquired the property. Bow River Capital and Ryan Cos. sold the community for an undisclosed price.  Opened in 2023, the property totals 186 units, with independent living, assisted living and memory care residences. Amenities at the community include a 150-seat theater, spa, fitness center, library and lounge and swimming pool.  Ross Sanders, Dave Fasano, Cody Tremper …

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FinanceFloridaNews

Blueprint Arranges Refinancing for 100-Unit Community in South Florida

by Hayden Spiess

NORTH PALM BEACH, Fla. — Blueprint Capital Markets has arranged the refinancing of an assisted living and memory care community located in North Palm Beach in South Florida. Alta Senior Living is the borrower.  The property totals 100 units and recently underwent a capital expenditure, operational turnaround and lease-up process.  The undisclosed lender has provided a non-recourse bridge-to-HUD loan for an undisclosed amount. Kristen Ahrens, Pat Maloney and Ben Firestone of Blueprint secured the loan on behalf of Alta Senior Living. 

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Watercrest Fredericksburg
Assisted LivingDevelopmentMemory CareNewsVirginia

Watercrest Senior Living Group Opens 142-Unit Community in Richmond Metro

by Hayden Spiess

FREDERICKSBURG, Va. — Watercrest Senior Living Group, with partners Harbert Seniors Housing Fund II and Centric Development, has opened a new luxury senior living community in Fredericksburg, roughly 60 miles north of Richmond.  Totaling 142 units, Watercrest Fredericksburg Assisted Living and Memory Care opened in early April.  The community features 106 assisted living and 36 memory care apartments. As of mid-May, memory care units at the property were 55 percent occupied, and assisted living units were 35 percent occupied.  Watercrest began development of the community in fall 2024.  Watercrest and Harbert Seniors Housing …

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Assisted LivingDevelopmentMemory CareNewsTexas

LifeCare Development Underway on 100,567 SF Development in Texas

by Hayden Spiess

COLLEGE STATION, Texas — LifeCare Development is currently underway on the construction of a new senior living community in College Station.  Upon completion, The Blake at College Station will total 100,576 square feet and feature 117 units. Residences will include 73 assisted living units and 44 memory care units.  Blake Management Group will operate the property. Completion is scheduled for 2028. 

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AcquisitionsCCRCNewsPennsylvania

SLIB Arranges $50.8M Sale of CCRC Portfolio in Pennsylvania

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the $50.8 million sale of a portfolio of six continuing care retirement communities (CCRCs) located throughout southern central Pennsylvania. SpiriTrust Lutheran was the seller.  Built between 1959 and 2007, the portfolio comprises 553 independent living units, 261 personal care units and 244 skilled nursing b3eds. Concordia Lutheran Services acquires the properties, which were 81.9 percent occupied as of summer 2025.   Toby Siefert and Dave Balow of Illinois-based SLIB facilitated the transaction. 

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Legal IssuesNewsWashington, D.C

ASHA Responds to House Passage of ROAD to Housing Act

by Hayden Spiess

WASHINGTON, D.C. — American Seniors Housing Association (ASHA) President and CEO David Schless has issued a response to the passage of the 21st Century ROAD to Housing Act by the U.S. House of Representatives, which passed an amended version of the Senate’s original bill.  “This bill took an unfortunate turn,” said Schless in a letter to ASHA members.  According to ASHA, the version of the bill passed by the House includes language that could have unintended consequences for seniors housing. A section of the proposed legislation includes prohibitions limiting institutional investor …

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Active AdultFeaturesNews

Programming Powers Performance in Active Adult, Says Panel

by Hayden Spiess

By Hayden Spiess DALLAS — Ben Thompson, president and CEO of Maxwell Group and Senior Living Communities, has lofty standards when it comes to resident retention at active adult communities. “If someone moves out of one of our communities, it should be because of death or another really extenuating circumstance,” he insists. “Even in those cases, if they truly loved where they were living, they wouldn’t move unless absolutely forced to.”  Thompson’s comments came during a panel on programming and culture at the InterFace Active Adult conference in Dallas. Hosted at …

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