Author

Hayden Spiess

Crest-View-at-Blaine_Blaine-Minn
AcquisitionsMinnesotaNews

Crest View Sells 164-Unit Community in Metro Minneapolis

by Hayden Spiess

BLAINE, Minn. — Crest View Senior Communities has sold Crest View Senior Community at Blaine, located in the city of Blaine, roughly 20 miles north of downtown Minneapolis.  Catholic Eldercare acquired the property, which totals 164 units, for an undisclosed price. Catholic Eldercare will also assume management of Columbia Village, a Crest View-owned community in Columbia Heights, Minnesota, on behalf of Crest View. Catholic Eldercare’s portfolio now comprises eight communities in metro Minneapolis.  Ziegler served as the financial advisor to Crest View in the transaction. 

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DevelopmentFinanceNewsTexas

Nuveen Provides $38.6M in C-PACE Financing for Development in Central Texas 

by Hayden Spiess

HORSESHOE BAY, Texas — Nuveen Green Capital has provided $38.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for the development of a new seniors housing community in Horseshoe Bay, roughly 50 miles northwest of Austin. Falcon Senior Housing is the borrower.  Dubbed The Statesman at Horseshoe Bay, the community will total 313,714 square feet upon completion. The property will feature 180 independent living, assisted living and memory care units.  Financing for the project also includes EB-5 immigration investment funds.  “Nuveen Green Capital and Texas PACE Authority allowed us to …

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Amira-Lake-Elmo
Active AdultFeaturesFrom The Magazine

What Is Active Adult’s Next Act?

by Hayden Spiess

By Beth Mattson-Teig Fueled by booming demand and sharper market insights, the active adult sector is hitting its stride and redefining what senior living can be for a new generation of residents. Active adult is still in the early innings with plenty of runway for growth as the sector continues to mature and evolve. A big part of that evolution relies on continuing to collect data and using lessons learned to adjust development strategies and operating models. “We don’t have one-size-fits-all for every market. One thing we’ve learned over time …

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CaliforniaDevelopmentFinanceNews

Developer Receives $252.1M Bond Financing for Community in Southern California

by Hayden Spiess

HUNTINGTON BEACH, Calif. — An undisclosed developer has received $252.1 million in bond financing for the construction of a new seniors housing community in Huntington Beach in Southern California.  HJ Sims and JLL Securities arranged the financing as lead book-running manager and co-manager, respectively. Bonds included Series A senior bonds and subordinate Series B and C bonds, issued through the California Public Finance Authority. The bonds were divided into three tranches, including a $165.7 million Series A tranche, a $74.3 million Series B tranche and a $12.1 million Series C tranche. …

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Mission Grove at Stoneybrook
Assisted LivingDevelopmentFloridaIndependent LivingMemory CareNews

Traditions Management Opens $65M Community Near Orlando

by Hayden Spiess

WINTER GARDEN, Fla. — Traditions Management has opened Mission Grove at Stoneybrook, a new senior living community located in Winter Garden, roughly 15 miles northwest of Orlando.  Totaling 173,000 square feet, the community comprises 166 units, with 101 independent living apartments, 32 assisted living apartments and 33 memory care apartments. Amenities at the property include a swimming pool, art studio, putting green, pickleball courts, hair and nail salon, library, pub and bistro and fitness room.  Traditions Management invested approximately $65 million in the community, which was developed by Leo Brown Group. 

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Mississippi-Community
AcquisitionsAssisted LivingMemory CareMississippiNews

Blueprint Brokers Sale of Two-Property Portfolio in Mississippi

by Hayden Spiess

OXFORD and SOUTHAVEN, Miss. — Blueprint has brokered the sale of an assisted living and memory care portfolio comprising two properties in northern Mississippi.  Built in the early 2000s and totaling 108 units, the communities are located in Oxford and Southaven. A regional owner and operator acquired the portfolio for an undisclosed price.  Jacob Gehl and Dillon Rudy of Blueprint represented the undisclosed seller in the transaction. 

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Company NewsNewsPeopleTexas

Lifespace Appoints New Chief Operating Officer 

by Hayden Spiess

DALLAS — Nonprofit senior living owner and operator Lifespace Communities has appointed Andy Kazmierczak to the role of chief operating officer.  Kazmierczak assumed the role May 1, following the departure of Brian Robbins.  “Andy is a culture champion who brings strong operational leadership, deep knowledge of our communities and a consistent track record of execution,” says Jesse Jantzen, president and CEO of Lifespace. “He has played a key role in advancing several of our most important enterprise initiatives and is well-positioned to build on our momentum and drive consistency in performance.”  …

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NewsOperationsTexas

Sodalis Assumes Management of Community in East Texas

by Hayden Spiess

LONGVIEW, Texas — Operator Sodalis Living has assumed management of a seniors housing community located in Longview, roughly 45 miles west of the Louisiana border.  This marks the 25th community in the Sodalis portfolio, which spans three states. Launched in 1996, Sodalis also operates communities in Florida and Georgia.  The property features assisted living and memory care residences. 

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Investment-Panel
Active AdultFeaturesFinanceNews

InterFace Panel: To Maximize Yield, Active Adult Investors Must Embrace Lease-Up Risk

by Hayden Spiess

By Taylor Williams From an investment standpoint, there is plenty to like about active adult. The fundamentals are undeniable. Relative to traditional seniors housing and multifamily product, there is a limited amount of competition on the supply side of the active adult space, making it appealing to investors that have been priced out of conventional senior living and apartment deals.  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. …

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Laural-Parke_Houston
AcquisitionsCCRCFloridaNewsOperations

Focus Acquires, Rebrands 23-Acre CCRC in Houston

by Hayden Spiess

HOUSTON — Focus Healthcare Partners has acquired and rebranded The Buckingham, a continuing care retirement community (CCRC) located in Houston. Moving forward, the community will operate as Laural Parke Senior Living.  Focus is also transitioning the community, which is situated on 23 acres, from an entrance-fee to a monthly-rent model. According to the company, this shift “reflects a broader evolution in senior living.”  Focus acquired the property through a court-supervised auction process at the beginning of this year, following the community’s Chapter 11 bankruptcy filing in November 2025.  LCS will operate …

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