Author

Hayden Spiess

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AcquisitionsColoradoNews

SLIB Arranges Sale of 60-Unit Community in Metro Denver

by Hayden Spiess

ARVADA, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Oberon House, a senior living community located in Arvada, roughly 10 miles northwest of downtown Denver.  A Colorado-based owner and operator sold the property, which totals 60 units within a 47,217-square-foot building. The Oberon House was the seller’s only senior living property, and they sold the community in order to retire.  Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of SLIB brokered the transaction on behalf of the seller. 

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Company NewsNewsOregonPeople

Pacific Retirement Services Names New CEO

by Hayden Spiess

MEDFORD, Ore. — Pacific Retirement Services (PRS) has named Sloan Bentley president and CEO. Bentley will assume the role following the closing of a financial restructuring for her current employer.  With more than 40 years of professional experience in the senior living sector, Bentley most recently served as president and CEO of Lutheran Life Communities, which she joined in 2020. Bentley also cofounded Seniority Inc., a wholly owned subsidiary of American Baptist Homes of the West, and served as president and CEO of Lifespace Communities for five years.  “Sloan is a …

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AcquisitionsFinanceNewsSkilled NursingSouth Carolina

MonticelloAM Provides $21.8M Acquisition Financing for Two Skilled Nursing Facilities in South Carolina

by Hayden Spiess

NEW YORK CITY — MonticelloAM, with firm affiliates, has provided $21.8 million in financing for two-facility skilled nursing portfolio located in South Carolina.  The financing includes a $19.3 million bridge loan and $2.5 million in working capital. The undisclosed borrower will use the funds to acquire the two properties, which comprise more than 260 licensed beds.  “This financing solution underscores our ability to provide essential liquidity that supports operational needs and workforce priorities,” says Kim Gordon, head of the working capital group at New York City-based MonticelloAM. “This flexibility enables skilled …

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AcquisitionsColoradoNews

MGL Partners Sells Denver Community for $96M

by Hayden Spiess

DENVER — Developer MGL Partners has sold a luxury senior living community located in Denver for $96 million as part of a portfolio disposition. An undisclosed institutional buyer acquired the property.  Delivered in 2018, the property — Carillon at Belleview Station — features 156 independent living, assisted living and memory care residences. Amenities at the community include a commercial kitchen and restaurant-style dining, a bistro, spa and wellness spaces.  “Carillon has consistently performed at a high level, supported by strong demographics and a location that continues to mature as one of …

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Summer-Menegakis
FeaturesIndustry VoicesOperations

Accountability Will Define the Next Decade of Senior Living Dining 

by Hayden Spiess

By Summer Menegakis, Phoenix Advisory Services and Cross Check Quality Assurance For decades, senior living executives have treated dining much like other amenities such as fitness or activities —  important to daily life but not consistently measured. Operators relied on intuition, occasional feedback and the belief that great culinary service was more art than science. However, as senior living communities evolve and residents and their families bring higher expectations to the table, good intentions are no longer enough.   We now have a clearer understanding of the profound influence dining has on …

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AcquisitionsAssisted LivingCaliforniaMemory CareNews

Broadview Real Estate Partners Sells 100-Unit Community in Metro Los Angeles

by Hayden Spiess

NORTH TUSTIN, Calif. — Broadview Real Estate Partners has sold Clearwater at North Tustin, a 100-unit seniors housing community located in North Tustin, approximately 35 miles southeast of downtown Los Angeles. Health Wave Partners acquired the property for an undisclosed price.  Built in 2021, Clearwater at North Tustin comprises two acuity-specific, single-story buildings with assisted living and memory care residences. Amenities at the community include an outdoor amphitheater, music garden, salon and spa, art studio, wellness center, dog park and four courtyards.  Aaron Rosenzweig and Dan Baker of JLL Capital Markets …

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DevelopmentFinanceNew JerseyNews

Live Well Senior Living Secures $45.6M Development Financing for Project in New Jersey

by Hayden Spiess

VINELAND, N.J. — Live Well Senior Living Inc. has secured $45.6 million in bonds to finance the development of a new senior living community in Vineland, roughly 40 miles south of Philadelphia. Ziegler arranged and underwrote the financing.  Upon completion, Live Well Cottages at Vineland will total 130 units.  Distinctive Living will manage and operate the community. “Live Well Cottages addresses one of the most pressing challenges in senior housing today — affordability without sacrificing quality or choice,” says Joe Jedlowski, founder and CEO of Distinctive Living. “The cottage and pocket-neighborhood …

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Affordable HousingNewsTexas

Dominium Extends Affordable Housing Status of 220-Unit Community in Fort Worth

by Hayden Spiess

FORT WORTH, Texas — Dominium has extended the affordability status of Cobblestone Mano, a 220-unit senior living community located in Fort Worth. Dominium also announced plans to undertake a $9.8 million renovation at the property.  Dominium acquired the community, which was originally constructed in 2007 with financing from the 4 percent low-income housing tax credit (LIHTC) program, in 2011.  Planned improvements at the property include upgrades to building exteriors and apartment interiors, as well as enhancements of the clubhouse, outdoor amenity spaces, landscaping and other shared spaces. In addition to the …

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NewsPeopleWashington, D.C

ASHA Elects New Executive Committee

by Hayden Spiess

WASHINGTON, D.C. — The American Seniors Housing Association (ASHA) has elected its 2026-2027 Executive Committee.  The committee includes Chair Richard Hutchinson, CEO of Discovery Senior Living; Vice Chair Stephanie Harris, CEO of Arrow Senior Living; Treasurer James Gray, president of Bridgewood Property Co.; Secretary Trever Sweeney, vice president of Ventas; Seniors Housing PAC Chair Taylor Hernandez, chief strategy officer of Senior Star; and President David Schless. Hutchinson previously served as vice chair.  ASHA’s Executive Committee serves as the central decision-making and oversight body for the organization, shaping strategy and priorities. Officers …

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AcquisitionsArizonaFinanceNews

PGIM Sells Two Phoenix-Area Communities

by Hayden Spiess

GILBERT and MESA, Ariz. — PGIM has sold two senior living communities located in metro Phoenix. The properties include The Watermark at Morrison Ranch in Gilbert and Acoya Mesa in Mesa. PGIM owned Acoya Mesa in a joint venture with the community’s original developer, Ryan Cos. US Inc.  JLL Capital Markets arranged the portfolio sale on behalf of PGIM and secured acquisition financing for the undisclosed buyer. JLL Real Estate Capital LLC, a Freddie Mac Optigo lender, will service the loan.  The Watermark at Morrison Ranch totals 115 units and was …

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