Wednesday, October 29, 2025
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Hayden Spiess

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Middle Market Solutions Emerge for the Seniors Housing Industry

by Hayden Spiess

By Hayden Spiess When Stealers Wheel lamented being “stuck in the middle with you” in its 1972 song of the same name, the band was assuredly not intending to sing from the perspective of a senior searching for a place of residence. Nevertheless, the lyric could today very aptly be applied to the predicament that many potential seniors housing residents face.  According to the National Investment Center for Seniors Housing & Care (NIC), the number of middle-income seniors in the United States is projected to almost double by 2029, totaling …

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AcquisitionsAssisted LivingMemory CareNew JerseyNews

Benchmark, National Development Acquire 85-Unit Community in New Jersey

by Hayden Spiess

ROSELAND, N.J. —  A joint venture between Benchmark Senior Living and National Development has acquired Arbor Terrace Roseland, an 85-unit assisted living and memory care community located in Roseland.  Benchmark will operate the facility, which has been rebranded as Benchmark at Roseland. Synovus Bank provided financing for the acquisition.  Amenities at the property, which totals 68,000 square feet, include a café, movie theater, hair salon, fitness center, library, private dining room and recreation room.  Benchmark is also currently underway on two projects in New Jersey in partnership with National Development — Benchmark …

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Affordable HousingDevelopmentFloridaNews

McDowell Housing Partners Begins Development of $64.7M Affordable Seniors Housing Project in Florida

by Hayden Spiess

PEMBROKE PARK, Fla. — McDowell Housing Partners has begun construction of Ekos at Pembroke Park, a new affordable seniors housing development located in Pembroke Park.  Upon completion, the $64.7 million project will total 150 units reserved for seniors earning up to 80 percent of the area median income. This marks the 16th affordable housing project in the state of Florida for McDowell.  Amenities at the community will include a clubroom, fitness center, package lockers, bike storage and six electric vehicle charging stations. Nonprofit organization Area Agency on Aging of Broward County …

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AcquisitionsCompany NewsNewsOhio

Welltower Announces Seniors Housing Transactions Totaling $23B 

by Hayden Spiess

TOLEDO, Ohio — Welltower has announced, as part of its third quarter 2025 results, $23 billion in previously undisclosed seniors housing transactions completed or under contract this year as of Oct. 27, as part of its increased focus on the sector.  The figure includes $14 billion of pro rata gross investments, primarily in the form of senior living community acquisitions in the U.S. and the U.K.  Welltower expects the percentage of its net operating income derived from seniors housing business to increase to more than 80 percent following the completion of …

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Affordable HousingDevelopmentFloridaNews

ANF Completes 99-Unit Affordable Seniors Housing Community Near Miami

by Hayden Spiess

OPA-LOCKA, Fla.  — Construction and development firm ANF has completed the construction of Wellspring Apartments, a new affordable seniors housing community located in Opa-locka, roughly 15 miles northwest of Miami. The Integral Group was the developer.  Totaling 99 units, Wellspring Apartments features studio, one- and two-bedroom apartments. Residences are reserved for seniors earning at or below 60 and 50 percent of the area median income (AMI), with 67 units reserved for residents earning at or below 50 percent of the AMI and 32 units reserved for residents earning at or below …

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FinanceGeorgiaNewsPennsylvania

BWE Arranges $52M Bridge Financing for Senior Living Portfolio

by Hayden Spiess

ATLANTA and PHILADELPHIA — BWE has arranged a $52 million bridge loan to finance a portfolio of senior living communities located within the Atlanta and Philadelphia metros.  The portfolio comprises independent living, assisted living and memory care properties.  Ryan Stoll and Taylor Mokris of BWE secured the three-year, floating-rate financing on behalf of the undisclosed borrower. 

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AcquisitionsNew YorkNewsSkilled Nursing

Kiser Group Brokers $76M Sale of Skilled Nursing Facility in New York 

by Hayden Spiess

MAMARONECK, N.Y. — Kiser Group has brokered the sale of Sarah Neuman Skilled Nursing Facility in Mamaroneck, roughly 30 miles northeast of New York City. The property totals 250 beds.  Mark Myers of Kiser Group arranged the sale. The seller was a religious nonprofit organization.  According to Kiser Group, the property was initially under contract for $84 million, but the first buyer had to withdraw from the transaction due to rising interest rates. A second seller presented an offer of $72 million. Ultimately, Myers secured a third buyer and negotiated the …

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Affordable HousingDevelopmentHawaiiNews

EAH Housing Completes $58M Affordable Seniors Housing Development in Hawaii

by Hayden Spiess

HILO, Hawaii — EAH Housing has opened Hale Nā Koa ‘O Hanakahi, a newly developed affordable seniors housing development in Hilo.  Residences are reserved for seniors age 62 and older earning at or below 80 percent of the area median income, with preference given to veterans and surviving spouses. This marks the first affordable senior living development for veterans in Hawaii.  EAH Housing developed the $58 million project in partnership with Hawaii Island Veterans Memorial Inc.   The property totals 91 one-bedroom apartments across three two-story buildings, with an additional unit for …

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AcquisitionsActive AdultNewsNorth Carolina

Principal Asset Management Acquires Two Active Adult Communities Totaling 373 Units in North Carolina

by Hayden Spiess

MORRISVILLE and CHAPEL HILL, N.C. — Principal Asset Management has acquired two active adult communities totaling 373 units in the Raleigh-Durham region of North Carolina. The properties include Overture Cary, located in Morrisville, and Overture Chapel Hill, situated near the University of North Carolina at Chapel Hill. The communities were developed in 2021 and 2020, respectively, and stand at five stories. The seller and sales price were not released.

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AcquisitionsAssisted LivingFinanceMemory CareNewsTexas

Berkadia Arranges Sale, Financing of 118-Unit Property in Metro Dallas

by Hayden Spiess

RICHARDSON, Texas — Berkadia has arranged the sale and financing of Appletree Court, a 118-unit senior living property located in Richardson, roughly 15 miles north of downtown Dallas. The community features assisted living and memory care units.  A joint venture between Marquee Capital and Winterpast Capital Partners was the seller. The buyer was a joint venture between Virtus Real Estate Capital and Winterpast. Vitality Senior Living will continue to operate the property.  Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia represented the seller in the transaction. Austin Sacco, …

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