Author

Hayden Spiess

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AcquisitionsNews

Brookdale to Acquire 30 Communities From Welltower for $290M

by Hayden Spiess

BRENTWOOD, Tenn. — Brookdale Senior Living (NYSE: BKD) has entered into a definitive purchase agreement with Welltower Inc. for the acquisition of 30 communities. The purchase price is $290 million.  Brookdale currently occupies and operates the properties, which total 1,152 units, on a leased basis. The company expects that the transaction will reduce 2027 annual cash rent payments by approximately $17.8 million. The leases would have otherwise matured in 2032.  Contingent upon the closing of the 30-community acquisition, Brookdale plans to extend a separate, 39-community lease with Welltower. The lease would …

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Georgian-Lakeside_Roswell-Ga
GeorgiaNewsOperations

Atlas Senior Living Assumes Management of 95-Unit Community in Metro Atlanta

by Hayden Spiess

ROSWELL, Ga. — Atlas Senior Living, a Birmingham, Alabama-based owner and operator, has assumed management of The Georgian Lakeside in Roswell, approximately 30 miles north of Atlanta.  Cogir Senior Living previously operated the assisted living and memory care community, which totals 95 units. The Georgian Lakeside originally opened in 2016.  Amenities at the property include multiple dining venues, a private dining room, a theater, salon, library, fitness center and on-site therapy services.  Founded in 2013, Atlas operates a portfolio of 40 senior living communities on the East coast and across the …

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Development-Panel
FeaturesNews

Development Is Back…Selectively, Says Panel

by Hayden Spiess

ATLANTA — Charlie Jennings, managing director and deal principal at Foundry Commercial, takes a strong stance on the next phase of seniors housing and the abundance of players interested in this undersupplied sector blessed with highly favorable demographics. “I hope the multifamily guys stay on the sidelines and stay in their lane.”  Jennings’ comment came during a panel titled “Rebounding Development Market: When Will Development Come All the Way Back?” at the 13th annual InterFace Seniors Housing conference, which recently took place at the Grand Hyatt Buckhead Atlanta. The event drew …

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FloridaNewsOperations

Charter Assumes Management of 140-Unit, LTC-Owned Property Near Tampa

by Hayden Spiess

LAND O’LAKES, Fla. — Charter Senior Living has assumed management of a 140-unit seniors housing community in Land O’Lakes, roughly 20 miles north of Tampa. LTC Properties owns the community.  As part of the transition, the property — which comprises independent living, assisted living and memory care residences —  has been rebranded to Charter Senior Living at Terra Bella.  Charter and LTC first established their partnership in 2025, when Charter was named as the operator of two communities in Kentucky. Illinois-based Charter’s portfolio now totals almost 75 seniors housing communities across the …

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AcquisitionsAssisted LivingMarylandMemory CareNewsVirginia

Cushman & Wakefield Brokers $89M Sale of Two-Property Portfolio in Maryland, Virginia

by Hayden Spiess

GREAT FALLS, Va. and QUEENSTOWN, Md. — Cushman & Wakefield has brokered the $89 million sale of a two-property seniors housing portfolio located in Maryland and Virginia. LTC Properties acquired the portfolio from Buvermo Investments, SHA Capital, Verity Commercial and INDIE.  Both assisted living and memory care communities, the properties include Queenstown Landing in Queenstown, Maryland, and The Residence at Colvin Run in Great Falls, Virginia. The communities were built in 2021 and 2022, respectively.  IntegraCare will continue to operate the properties on behalf of LTC.  Joshua Jandris, Brett Gardner, Robert …

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News

NIC: Occupancy Surpasses 90 Percent in Most Markets

by Hayden Spiess

ANNAPOLIS, Md. — Seniors housing occupancy surpassed 90 percent across a majority of markets in the third quarter of this year, according to the National Investment Center for Seniors Housing & Care (NIC).  NIC MAP, the data branch of NIC, reports that national occupancy reached 90.4 percent, up 0.6 percentage points relative to the quarter before, when the national occupancy rate was 89.8 percent.  Of the 31 primary geographic markets tracked by NIC MAP, 16 are now at occupancy levels exceeding 90 percent. Boston, San Francisco and Minneapolis currently boast the …

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AcquisitionsCompany NewsNews

BDT & MSD to Acquire Sunrise Senior Living for $1B

by Hayden Spiess

MCLEAN, Va. — Funds affiliated with BDT & MSD Partners have entered into a definitive agreement to acquire operator Sunrise Senior Living. According to The Wall Street Journal, the acquisition price is $1 billion. PSP Investments is the seller.  The Sunrise senior leadership team, led by Jack Callison, the chief executive officer, will remain in place.  Founded roughly 45 years ago, Sunrise currently operates a portfolio of more than 230 communities throughout the U.S. and Canada, serving more than 22,000 residents. Headquartered in Virginia, Sunrise ranked as the sixth-largest seniors housing operator in …

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CaliforniaFinanceNews

JLL Arranges $276M Refinancing for Southern California Seniors Housing Portfolio

by Hayden Spiess

NEWPORT BEACH, Calif. — JLL has arranged two loans totaling $276 million for the refinancing of a two-property seniors housing portfolio in the Newport Beach area of Southern California. The portfolio totals 395 units. The borrower is an affiliate of owner-operator Nexus Development. The first piece of the transaction involves a $140 million loan for Vivante Newport Center, a six-story, luxury community that features 99 independent living, assisted living and memory care units. Vivante Newport Center also offers a theater, bowling alley and a golf simulator, in addition to multiple …

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The-Preserve_Mentor-Ohio
AcquisitionsNewsOhio

Cardinal Senior Living Purchases Three Communities in Northeast Ohio

by Hayden Spiess

GREEN and MENTOR, Ohio — Cardinal Senior Living has completed the purchase of three communities in northeast Ohio. The acquisitions include two properties in Green and one in Mentor.  GreenView Senior Assisted Living and Brier Creek in Green, Ohio, total 99 and 134 units, respectively. Brier Creek is comprised fully of independent living units, and GreenView features assisted living and memory care residences. The Preserve in Mentor totals 48 units, with 23 memory care and 25 assisted living residences.  With the new acquisitions, Cardinal’s Ohio portfolio totals six communities.  “Ohio continues …

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AcquisitionsFloridaNew JerseyNews

Foundry, AEW Acquire Two Communities in Florida, New Jersey 

by Hayden Spiess

HARRINGTON PARK, N.J. and TAMPA, Fla. — Foundry Commercial, with institutional capital partner AEW, has acquired two senior living communities. The properties include Allegro Harrington Park roughly 20 miles north of New York City in Harrington Park, New Jersey, and Allegro Hyde Park, a community located in Tampa’s Hyde Park neighborhood. Allegro Living, Foundry Commercial’s wholly owned senior living management platform, operated the communities prior to the acquisition and will continue to serve as the operator.  Delivered in 2021, Allegro Harrington Park features 173 units and a full continuum of care. …

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