Author

Hayden Spiess

MorningStar-of-Parker_Parker-Colo
AcquisitionsColoradoNews

Health Wave Partners Acquires 191-Unit Campus in Denver Metro

by Hayden Spiess

PARKER, Colo. — Health Wave Partners has acquired MorningStar Senior Living of Parker, a seniors housing campus located in the Denver submarket of Parker.  Totaling 191 units, the property offers a full continuum of care. MorningStar opened the first building at the campus in 2012, expanding the property in 2014 and 2016. The campus was fully occupied at the time of acquisition.  “MorningStar of Parker exemplifies the type of high-quality, institutionally operated assets we seek to own,” says Philip Kayden, chief investment officer at Health Wave Partners. “We are excited to …

Continue Reading
0 FacebookTwitterLinkedinEmail
Claiborne-at-Brickyard-Crossing_Summerville-S.C.
AcquisitionsFinanceNewsSouth Carolina

GEM Realty Capital Receives Acquisition Financing for 142-Unit Community Near Charleston

by Hayden Spiess

SUMMERVILLE, S.C. — GEM Realty Capital has received financing for the acquisition of The Claiborne at Brickyard Crossing, a senior living community located in Summerville, roughly 25 miles northwest of Charleston.  Taylor Mokris and Ryan Stoll of BWE arranged the financing on behalf of the borrower.  Opened in 2022, The Claiborne at Brickyard Crossing totals 142 units, with assisted living and memory care residences. According to BWE, the community was stabilized within 12 months of its opening.  “There is a meaningful and growing appetite among lenders for the best seniors housing …

Continue Reading
0 FacebookTwitterLinkedinEmail
Hadley-Apartments_Escondido-Calif
AcquisitionsAffordable HousingCaliforniaNews

Eagle Partners Acquires Affordable Portfolio in California for $162.5M

by Hayden Spiess

ESCONDIDO, Calif. — Eagle Partners has acquired an affordable seniors housing portfolio located in Escondido for $162.5 million. Red Stone Equity Partners, a real estate investment firm specializing in affordable housing, is a strategic partner of Eagle and acted as an equity investor in the transaction.  The portfolio includes two adjacent communities, The Hendrix Apartments and The Hadley Apartments. Totaling 551 units, the properties feature one- and two-bedroom residences reserved for seniors age 55 and older.  Eagle Partners plans to implement a long-term affordable preservation strategy and implement capital improvements at …

Continue Reading
0 FacebookTwitterLinkedinEmail
Arizona-Utah-Portfolio
AcquisitionsArizonaNewsUtah

Blueprint Brokers Sale of 409-Unit Portfolio in Arizona, Utah

by Hayden Spiess

CHICAGO — Blueprint has brokered the sale of a 409-unit senior living portfolio located in primary and secondary markets in Arizona and Utah. According to Blueprint, occupancy at the communities comprising the portfolio was at 75 percent at the time of sale.  A non-publicly traded REIT acquired the portfolio for an undisclosed price.  Amy Sitzman, Jake Rice and Giancarlo Riso of Chicago-based Blueprint arranged the transaction on behalf of the undisclosed seller. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Oyster-Bay-Community
AcquisitionsAssisted LivingMemory CareNew YorkNews

SLIB Arranges Sale of 136-Unit Assisted Living, Memory Care Campus in Long Island

by Hayden Spiess

OYSTER BAY, N.Y. — Senior Living Investment Brokerage has arranged the sale of an assisted living and memory care campus located in Oyster Bay in Long Island.  Comprised of two facilities, the property totals 136 units and 208 licensed beds. According to SLIB, the campus was 83 percent occupied at the time of marketing.  A local owner and operator sold the property to a real estate investor for an undisclosed price. Dave Balow and Ryan Saul of SLIB brokered the transaction on behalf of the seller. 

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Canopy-at-Boynton-Ridge_Boynton-Ridge-Ga
AcquisitionsAssisted LivingFloridaGeorgiaMemory CareNews

Foundry Acquires Five Communities in Georgia, Florida

by Hayden Spiess

ORLANDO, Fla. — Foundry Commercial has acquired five communities located in Georgia and Florida.  Totaling 320 units, the portfolio comprises two communities in Warner Robins and Boynton Ridge, Georgia — purchased in October 2025 — and three communities in Florida, which were acquired in February 2026. The Florida properties are located in Jacksonville, Titusville and Plant City.  Each of the communities will be operated by Allegro Living Management under the Alto brand. Of the units, 220 are assisted living residences, and 100 are memory care units.  “These newer vintage assets, with …

Continue Reading
0 FacebookTwitterLinkedinEmail
Development Panel_Seniors Housing West 2026
DevelopmentFeaturesNews

Today’s Development Climate Isn’t Unique in History, Says InterFace Panel

by Hayden Spiess

By Matt Valley Similarities exist between today’s challenging development environment and what transpired during the Great Recession (2007 to 2009) and its aftermath, says Bill Pettit, managing partner of Black Dog Capital Advisors, a Seattle-based consulting firm specializing in seniors housing.  Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. When the Great Recession hit, Pettit was in the midst of a more than 30-year run as president of …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAlabamaArizonaColoradoFinanceNewsSkilled Nursing

CFG Provides $51.2M Acquisition Financing for Skilled Nursing Facilities

by Hayden Spiess

BALTIMORE — Capital Funding Group (CFG) has provided $51.2 million in financing for the acquisition of four skilled nursing facilities.  Totaling 487 beds, the properties are located in Alabama, Arizona and Colorado.  Andrew Jones and Ava Julio of CFG originated the bridge-loan transaction.  “Every bridge loan we structure for an acquisition starts with the end in mind,” says Tim Eberhardt, executive vice president of bridge, HUD and agency at CFG Bank. “We build a clear path to HUD permanent financing from day one — so that as the borrower’s business grows …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted-Living-Portfolio
Assisted LivingFinanceNewsOhioPennsylvania

Berkadia Arranges $114.4M Refinancing for Assisted Living Portfolio in Ohio, Pennsylvania

by Hayden Spiess

NEW YORK CITY — Berkadia has arranged $114.4 million in refinancing for an assisted living portfolio located in Ohio and Pennsylvania. A joint venture between New Perspective Senior Living and an undisclosed seniors housing owner was the borrower.  Totaling 580 units, the portfolio is located in metro Cleveland and western Pennsylvania. As of January 2025, occupancy throughout the portfolio was 86 percent. The joint venture acquired the portfolio in 2022.  Bloomfield Capital Partners provided the financing, which includes a two-year, interest-only bridge loan. Steve Muth, Garrett Sacco, Austin Sacco and Alec …

Continue Reading
0 FacebookTwitterLinkedinEmail
Expansion-Rendering-Moorings-Arlington-Heights_Arlington-Heights-Ill
DevelopmentIllinoisIndependent LivingNews

Presbyterian Living Underway on 172,000 SF Expansion at Community in Metro Chicago

by Hayden Spiess

ARLINGTON HEIGHTS, Ill. — Presbyterian Living is underway on an expansion project at its campus in Arlington Heights, roughly 25 miles northwest of downtown Chicago.  Upon completion, the 172,000-square-foot expansion will add 70 independent living apartments to The Moorings of Arlington Heights. Designed by Perkins Eastman, the new residences will range from 1,050 to 1,900 square feet, with one- and two-bedroom floorplans.  New amenities featured in the expansion will include walking paths, a larger pond, sitting area and outdoor space.  Skender is serving as the general contractor for the project, which …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts