Author

Hayden Spiess

Ivy-Park_Arcadia-Calif
Assisted LivingCaliforniaDevelopmentMemory CareNews

Oakmont Senior Living Underway on $33M Development in Greater Los Angeles

by Hayden Spiess

ARCADIA, Calif. — Oakmont Senior Living is currently underway on Ivy Park at Arcadia, a new senior living community located in Arcadia, roughly 20 miles northeast of downtown Los Angeles.  Upon completion, the $33 million development will total 100 units of assisted living and memory care. R.D. OIson Construction is serving as the general contractor for the project. The project team also includes b.hills architecture and STUDIOSIX5. Amenities at the property will include a fitness center with specialized treatment rooms for memory care and mobility support, dining areas, a reading room, …

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FinanceFloridaNewsSkilled Nursing

MonticelloAM Provides $107M Financing for Florida Skilled Nursing Portfolio

by Hayden Spiess

NEW YORK CITY — MonticelloAM has provided $107 million in financing, including a $100 million bridge loan and $7 million working capital line of credit, for a skilled nursing portfolio in Florida.  The portfolio totals 480 beds across four facilities.  “This closing demonstrates our ability to provide flexible capital solutions that meet evolving needs and foster stability for healthcare providers,” says Joesph Borenstein, head of New York City-based MonticelloAM’s healthcare bridge lending team. 

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Bozeman-Lodge_Bozeman-Mont
Assisted LivingFinanceIndependent LivingMontanaNews

Berkadia Arranges $33.8M Refinancing for Community in Bozeman, Montana

by Hayden Spiess

BOZEMAN, Mont. — Berkadia has arranged $33.8 million in refinancing for Bozeman Lodge, an independent and assisted living community located in Bozeman. Oregon-based Radiant Senior Living is the borrower.  Ed Williams, Steve Muth, Austin Sacco, Garrett Sacco and Alec Rosenfeld of Berkadia secured the financing from a debt fund on behalf of Radiant. The 2.5-year loan features interest-only payments for the full term. This marks the debt fund lender’s first loan within the seniors housing sector. 

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New JerseyNewsOperations

Arbor Co. Assumes Management of Chelsea Senior Living in Metro New York City

by Hayden Spiess

SHREWBURY, N.J. — The Arbor Co. has assumed management of Chelsea Senior Living at Shrewsbury located roughly 50 miles outside New York City in Shrewsbury.  Following the transition, which occurred Jan. 15, the community was rebranded as Arbor Terrace Monmouth. The property features both assisted living and memory care units.  Atlanta-based Arbor operates a portfolio of more than 45 senior living communities across 11 states.  

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DevelopmentFinanceIllinoisMemory CareNews

Cambridge Realty Capital Provides $6M Construction Loan for Addition at Central Illinois Community

by Hayden Spiess

PONTIAC, Ill. — Cambridge Realty Capital has provided a $6 million loan to fund the construction of a memory care addition at The Pointe at Pontiac in central Illinois. The borrower is an Illinois-based limited liability company (LLC).  The Pointe at Pontiac currently comprises 60 beds of supportive living, the Illinois version of Medicaid Waiver assisted living. The State of Illinois provides Medicaid funding to seniors age 65 and older who would otherwise not have the resources to reside in an assisted living facility.  In addition to the new memory care …

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Charter-Senior-Living_West-Chester-Pa
DevelopmentNewsPennsylvania

Charter Senior Living, Paradise Management to Develop 162-Unit Community in Pennsylvania

by Hayden Spiess

WEST CHESTER, Pa. — Charter Senior Living and Paradise Management are partnering on the development of a new community in West Chester.  Upon completion, the community — Charter Senior Living of West Chester — will total 162 units, including 59 independent living, 71 assisted living and 32 memory care apartments. Construction is currently underway. Completion of the development is scheduled for late 2027, with leasing to begin in late 2026.  “We’re thrilled to partner with the outstanding team at Paradise to bring this exciting new senior living option to West Chester,” …

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Blue-Moon-Property
FinanceNews

StepStone, Blue Moon Complete $250M Refinancing of Seniors Housing Portfolio

by Hayden Spiess

NEW YORK CITY — StepStone Real Estate, the real estate arm of New York City-based investment firm StepStone Group (Nasdaq: STEP), and Blue Moon Capital Partners have completed a $250 million refinancing of a portfolio of seniors housing communities originally developed or redeveloped by Blue Moon.  The portfolio includes five stabilized properties.  The refinancing was completed through a continuation vehicle, a new investment structure that allowed investors in Blue Moon’s original fund to roll their investment into the new vehicle or exit and receive liquidity. StepStone is the majority equity partner …

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News

Industry CEOs Plan Effort to Solve Workforce Challenges, Utilize $3B in Funding

by Hayden Spiess

PHOENIX — Seniors housing CEOs are planning to collaborate on an effort to solve workforce challenges and tap into the more than $3 billion in workforce funding available through federal, state and local programs.  This initiative will launch at the 2026 American Seniors Housing Association (ASHA) annual meeting Jan. 27 in Phoenix. Industry leaders plan to convene to discuss the issue and identify shared priorities and strategies to attract, retain and develop talent within senior living.  Tom Grape, founder, chairman and CEO of Benchmark Senior Living, and Dan Madsen, chairman and …

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Martin-Kimmel
FeaturesIndustry Voices

Design That Belongs: Senior Living Communities Should Reflect Their Surroundings

by Hayden Spiess

By Martin Kimmel For too long, the senior living industry has approached design with a troubling assumption — older adults want old-looking things. Colonial windows. Shutters. This type of traditional architecture underestimates residents’ sophistication and their preference for contemporary living. Even more problematic is the cookie-cutter strategy, which involves replicating the same senior living community design across different markets in the pursuit of efficiency. These approaches fail on multiple levels. This type of design patronizes residents, alienates communities and ultimately hurts business. When a new senior living community appears, feeling …

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Reserve-Sarasota_Sarasota-Fla
DevelopmentFloridaNews

NexCore Group Breaks Ground on 248,582 SF Community in Sarasota 

by Hayden Spiess

SARASOTA, Fla. — NexCore Group, with general contractor Brinkmann Constructors, has broken ground on The Reserve Sarasota, a new senior living community. Located in downtown Sarasota, the property will total 248,582 square feet across seven stories.  Experience Senior Living, a wholly owned subsidiary of NexCore, will operate the community. Amenities at the property will include multiple dining venues, wellness spaces and a rooftop pool.  The project team includes Hoyt Architects, Infrastructure Solutions Services and Senior by Design. Completion of the development is scheduled for December 2027. 

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