Author

Hayden Spiess

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Active AdultDevelopmentMinnesotaNews

United Properties Breaks Ground on 143-Unit Active Adult Community in Metro Minneapolis

by Hayden Spiess

CORCORAN, Minn. — United Properties has broken ground on a new active adult community in Corcoran, roughly 22 miles northwest of downtown Minneapolis. Upon completion, the development, Amira Corcoran, will feature 143 units for residents age 55 and older.  Residences will include apartments in one-, two- and three-bedroom floorplans. Planned amenities include a club room, fitness and yoga spaces, an arts-and-crafts studio, golf simulator lounge, secure parking, walking trails, and a swimming pool and hot tub situated on an outdoor amenity patio.  Move-ins at the community, which will be operated by …

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Company NewsNewsOperationsTexas

12 Oaks Assumes Management of 217-Unit Community Near Houston

by Hayden Spiess

BAYTOWN, Texas — 12 Oaks Senior Living has assumed the management of The Lodge at Pine Creek, a senior living community located in Baytown, roughly 30 miles east of Houston.  Totaling 217 units, the property offers cottages, independent living suites, assisted living and memory care.  “12 Oaks previously opened, owned and operated a community in Baytown for several years, and we are excited to be back in this vibrant market once again, as we continue to curate our Texas portfolio,” says Greg Puklicz, president of 12 Oaks. 

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Active AdultDevelopmentIndianaNews

Avenue to Develop $50M Active Adult Project in Indianapolis Suburb

by Hayden Spiess

CARMEL, Ind. — Avenue Development has announced plans for a new active adult project in Carmel, a suburb roughly 20 miles north of Indianapolis. Development costs are expected to total roughly $50 million.  Upon completion, the community — Viva Bene Carmel — will total 170 units for residents age 55 and older. The community is being developed through a public-private partnership with the Carmel Redevelopment Commission (CRC) and is supported by the City of Carmel’s tax increment financing (TIF) district. Avenue Construction will serve as the general contractor.  Viva Bene Carmel …

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Company NewsInvestmentNews

Janus Living Debuts on NYSE, Valued at $5.9B

by Hayden Spiess

DENVER — Seniors housing REIT Janus Living has made its debut on the New York Stock Exchange (NYSE) under the ticker JAN. The initial public offering (IPO) included 42 million shares of common stock priced at $20 per share, amounting to an IPO of $840 million.  Shares opened above the price of $20, at $23.50 each, valuing the company at $5.9 billion.  Denver-based Healthpeak Properties (NYSE: DOC) announced the formation of Janus Living in January of this year, contributing a 34-community seniors housing portfolio to the REIT.  Healthpeak is serving as the external …

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DevelopmentIndependent LivingMarylandNews

Erickson Senior Living Breaks Ground on 1,000-Unit Independent Living Community in Metro Baltimore

by Hayden Spiess

CLARKSVILLE, Md. — Erickson Senior Living has broken ground on a new independent living community on 62 acres in Clarksville, roughly 30 miles southwest of downtown Baltimore.  Dubbed Oxford Hills, the development is approved for more than 1,000 units upon full build-out. Amenities at the property will include multiple dining venues, under-building parking, an indoor pool, fitness center, outdoor gathering areas, classrooms and social spaces.  Erickson plans to open Oxford Hills in late 2028. Future additional phases will include assisted living and continuing care neighborhoods. 

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FinanceNewsOhio

Greystone Provides $46M Bridge-to-HUD Financing for Ohio Portfolio

by Hayden Spiess

NEW YORK CITY — Greystone has provided a $46 million bridge-to-HUD loan for the refinancing of a seniors housing portfolio located in Ohio.  Comprising two properties, the portfolio totals 118 skilled nursing units, 16 memory care units, 232 assisted living units and 10 independent living units.  Christopher Clare, David Young, Ben Rubin, Ryan Harkins, Parker Nielsen and Liam Gallagher of New York City-based Greystone originated the financing. The borrower was not disclosed.  “Bridge-to-HUD financing is a strategic solution for healthcare operators seeking to execute a transition plan and position assets for …

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AcquisitionsGeorgiaNews

Thrive Senior Living Acquires Three Communities in Georgia

by Hayden Spiess

ATLANTA — Thrive Senior Living has acquired three newly built communities in Georgia. Located in Cochran, Thomson and Jesup, the properties are operated under the At Home Senior Living brand. According to Thrive, the communities were 94 percent occupied at the time of acquisition.  The Sawyer family developed the communities between 2019 and 2022. In 2024, Thrive partnered with the ownership on a third-party-management basis. Prior to the partnership, Shanna Dupree led operations for At Home Senior Living. Dupree has now joined Atlanta-based Thrive as director of operations.  SRP Federal Credit …

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FeaturesFrom The Magazine

Boomers Long for Luxury

by Hayden Spiess

By Hayden Spiess Baby boomers, who make up the much-anticipated “silver tsunami,” control an outsized portion of overall American wealth. This generation — born between 1946 and 1964 — comprises roughly one-fifth of the U.S. population yet holds more than 50 percent of U.S. household wealth, with over $85 trillion in assets, according to Federal Reserve data.  Many of these seniors also have uniquely high standards and expect that their living arrangements will reflect these standards.  Richard Ackerman, founder and managing partner of Big Rock Partners, based in Beverly Hills, …

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DevelopmentFloridaNews

Chancey Development Plans 196-Unit Community in Florida

by Hayden Spiess

BRADENTON, Fla. — Chancey Development has announced plans for a new community located in Bradenton, roughly 13 miles north of Sarasota. The Arbor Co. will operate the community, which is scheduled to open in early 2028.  Upon completion, the development — The Arbor at Watercolor Place — will total 196 residences across four stories. In addition to 96 independent living apartments, the community will feature 76 assisted living and 24 memory care units. Residences will range in size from 400 to 1,350 square feet. Amenities at the property will include a …

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News

Report: Senior Living Transaction Activity Reached $24B in 2025

by Hayden Spiess

CHICAGO — Transaction activity in the senior living sector reached just over $24 billion in 2025, according to JLL’s “Seniors Housing and Care: Investor Survey and Trends Outlook” report. The report is based on data from JLL research, MSCI and the National Investment Center for Seniors Housing & Care (NIC).  According to the report, this marks the highest level of transaction activity by dollar amount since the second quarter of 2015, when rolling four-quarter transaction volume totaled $26 billion.  The report also noted impressive occupancy levels and investor interest in the …

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