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Hayden Spiess

Katie-Smith-Sloan
Company NewsNewsPeople

Katie Smith Sloan to Step Down as President, CEO of LeadingAge

by Hayden Spiess

WASHINGTON, D.C. — LeadingAge has announced that Katie Smith Sloan, president and CEO of the association, will step down, effective March 31, 2027. Sloan has served in her current roles since January 2016. Prior to that, she held the position of chief operating officer with the organization. “It has been the honor of my life to serve LeadingAge for the past 10 years as president and CEO, and for 10 years before that as chief operating officer,” says Sloan. “I have been privileged to work alongside talented colleagues who go …

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AcquisitionsAssisted LivingConnecticutMemory CareNews

Cushman & Wakefield Brokers Sale of 135-Unit Community in Central Connecticut

by Hayden Spiess

GLASTONBURY, Conn. — Cushman & Wakefield has brokered the sale of The Residence at Glastonbury, a 135-unit seniors housing community located in Glastonbury.  American Healthcare REIT acquired the property for an undisclosed price. LCB Senior Living will continue to operate the community on behalf of the new ownership.  The property features assisted living and memory care units.  Joshua Jandris, Brett Gardner, Jason Skalko and Robert Bracci of Cushman & Wakefield arranged the sale. 

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Company NewsNewsPeople

Catamount Constructors Launches Dedicated Senior Living Vertical

by Hayden Spiess

LAKEWOOD, Colo. — Construction firm Catamount Constructors has announced the launch of a new vertical dedicated to serving the seniors housing sector, in which the firm has been active for more than 15 years.  The Colorado-based company has named Bernida Chapman to lead the division as vice president, senior living. Chapman previously served as the leader of construction and development for Spectrum Retirement Communities.  “The best senior living projects come from truly understanding the business, not just the building, says James Benning, CEO of Catamount. “How these communities operate, what the …

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Martin Kimmel
FeaturesIndustry Voices

A Disciplined Approach to Planning Is Key to Preventing Failed Seniors Housing Projects

by Hayden Spiess

By Martin Kimmel The seniors housing industry faces a recurring challenge that costs organizations millions of dollars, delays openings and can prevent projects from moving forward entirely misaligned project budgets.  The issue starts with a simple question from a leader: “What will it cost to do this renovation?” or “How much for that expansion we’ve been discussing?” The person being asked, often from facilities or operations, almost never has enough information to provide an accurate answer. However, leadership needs a number to begin planning, so eventually a preliminary figure is …

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Watermark-Almaden_San-Jose-Calif
AcquisitionsCaliforniaNews

Affinius Capital, Alliance Residential Sell 545-Unit Northern California Portfolio

by Hayden Spiess

ROSEVILLE and SAN JOSE, Calif. — A joint venture between Affinius Capital has sold a two-property seniors housing portfolio totaling 545 units in Northern California.  The portfolio includes Sonrisa Senior Living in Roseville and The Watermark at Almaden in San Jose. Sonrisa Senior Living comprises 201 independent living units, 120 assisted living units and 24 memory care units across two buildings that were constructed in 2021 and 2023. The Watermark at Almaden, which features 200 independent living, assisted living and memory care units, was opened in 2021.  Amenities at the communities …

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Company NewsIllinoisNewsPeople

Covenant Living Names Jay Hibbard Next President

by Hayden Spiess

CHICAGO — Covenant Living Communities and Services, a nonprofit senior living organization, has named Jay Hibbard as the next president of the company.  Hibbard, who has more than 36 years of experience in seniors housing, will assume the position Oct. 1. He currently serves as chief growth and communication officer at Covenant Living and has been with the organization for more than a decade.  David Erickson has served as the organization’s president and chief executive officer since June 2024. Erickson will continue to act as the company’s CEO.  “This leadership structure …

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AcquisitionsCCRCIndianaNews

Ziegler Advises on Sale of 346-Unit CCRC in Northeast Indiana

by Hayden Spiess

FORT WAYNE, Ind. — Specialty investment bank Ziegler has announced the closing of the sale of The Village at Anthony Boulevard, a continuing care retirement community (CCRC) located in Fort Wayne. Ziegler served as the exclusive financial adviser to the seller, Lutheran Life Villages (LLV).  Casa Consulting, a seniors housing operator, acquired the property for an undisclosed price.  Ziegler began working with LLV in 2025 to assess the future of the CCRC, according to a release issued by the firm. 

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AcquisitionsAssisted LivingMemory CareNebraskaNews

Cozad Community Health System Sells 49-Unit Community in Central Nebraska

by Hayden Spiess

COZAD, Neb. — Cozad Community Health System has sold Meadowlark Pointe, an assisted living and memory care community located in Cozad. The buyer and sales price were not disclosed.  Built in 2006 and renovated in 2019, the property totals 49 units.  Bill Janis, Justin Valle, Jeff Rhodes and Cullen Nguyen of Decker Healthcare Group arranged the transaction.  According to a press release issued by Decker, the facility was “operating below its potential and generating negative cash flow” at the time of sale, “creating a compelling value-add opportunity.” 

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FinanceNew YorkNews

MonticelloAM Provides $30M Bridge Loan for Assisted Living Community in New York

by Hayden Spiess

NEW YORK CITY — Seniors housing and multifamily lending firm MonticelloAM has provided a $30 million bridge loan for an assisted living community located in New York.  The borrower, a Northeast-based seniors housing owner and operator, used the loan proceeds to fund the acquisition of the property.  The facility totals 120 licensed beds. 

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CCRCDevelopmentNewsNorth Carolina

ThriveMore Plans 70-Acre CCRC in North Carolina

by Hayden Spiess

NEW BERN, N.C. — ThriveMore’s board of trustee’s has approved the next phase of design and development for Brice Pointe, the organization’s new continuing care retirement community (CCRC) in New Bern in coastal North Carolina.  Situated on a 70-acre campus, the development will feature 152 independent living apartments; 52 villas and cottages; and 18 assisted living, memory care and skilled nursing units. Amenities at the CCRC will include walking trails, outdoor gathering spaces, wellness and educational opportunities and access to nearby golf, pickleball and tennis facilities.  The community is scheduled to …

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