Author

Hayden Spiess

Arbor-Terrace-Citrus-Park-Independent-Living_Tampa-Fla
AcquisitionsFloridaIndependent LivingNews

Continuum Brokers Sale of 139-Unit Community in Tampa

by Hayden Spiess

TAMPA, Fla. — Continuum Advisors has brokered the sale of Arbor Terrace Citrus Park Independent Living, a 139-unit community located in Tampa.  Developed in 2019 on nine acres, the property comprises 172,090 square feet. Chancey Architecture and Interior Design designed the community, which was developed by BRW Development Partners, Chancey Development and Rookis Development, in collaboration with The Arbor Co.  David Kliewer and Jay Jordan of Continuum arranged the transaction. The undisclosed buyer will retain The Arbor Co. as the operator. 

Continue Reading
0 FacebookTwitterLinkedinEmail
American-Healthcare-REIT-Appointments
Company NewsNewsPeople

American Healthcare REIT Makes Four Leadership Appointments

by Hayden Spiess

IRVINE, Calif. — American Healthcare REIT (NYSE: AHR) has announced four new leadership appointments.  Jeff Hanson has been named chief executive officer of the company, following a term as interim chief executive officer, which began in February 2026. He replaced Danny Prosky, who is retiring from his roles as president and chief executive officer following a medical leave. Prosky will continue to serve as a member of the board of directors and advisor to the management team.  Gabe Willhite has been appointed to the role of president. Willhite first joined the …

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsOperationsTechnology

Sage Launches New Staffing Solution

by Hayden Spiess

NEW YORK CITY — Senior living technology company Sage has announced the launch of Labor, a new labor-management solution designed to align staffing with the acuity of residents.  The new platform was created at the request of Sonida Senior Living, which wanted to keep labor costs flat while matching care levels to the needs of residents. According to Sage, Labor allows operators to align staffing with acuity levels, manage staffing budgets and support caregivers through data tracking and analysis.  “Labor budget was the number everyone watched, but it was never really …

Continue Reading
0 FacebookTwitterLinkedinEmail
Fairview_Groton-Conn
CCRCConnecticutDevelopmentFinanceNews

Ziegler Underwrites $304.2M Bond Financing for Campus Expansion in Connecticut

by Hayden Spiess

GROTON, Conn. — Specialty investment bank Ziegler has closed a $304.2 million bond financing to fund a senior living campus expansion in Groton in southeastern Connecticut. Ziegler served as the underwriter for the financing.  Non-profit senior living organization Fairview is the borrower. Fairview owns and operates a continuing care retirement community situated on 70 acres and will use the proceeds for an expansion project, dubbed Vista Point at Fairview.  Upon completion, the expansion will add 193 independent living units, 44 assisted living units and 28 memory care units. The development will …

Continue Reading
0 FacebookTwitterLinkedinEmail
AVIVA-River-Bend_Rochester-Minn
Assisted LivingFinanceMemory CareMinnesotaNews

BWE Secures Financing for 89-Unit Assisted Living, Memory Care Community in Minnesota

by Hayden Spiess

ROCHESTER, Minn. — BWE has secured financing for AVIVA River Bend, an assisted living and memory care community located in Rochester in southeastern Minnesota, on behalf of Lloyd Jones.  Lloyd Jones acquired the property, which totals 89 units, in February 2022. The community was originally constructed in 2014.  Ryan Stoll and Taylor Mokris of BWE led the new financing. “The team’s experience and vision for AVIVA River Bend, combined with the strength of the Rochester market, made this an attractive financing opportunity,” says Mokris. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Community_Roanoke-Va
AcquisitionsNewsVirginia

Marcus & Millichap Brokers Sale of Three-Property Seniors Housing Portfolio in Virginia

by Hayden Spiess

ROANOKE, BEDFORD and DANVILLE, Va. — Marcus & Millichap has brokered the sale of a three-property seniors housing portfolio in Virginia.  Located in Roanoke, Bedford and Danville, the portfolio totals 167 units and 295 licensed beds.  Justin Knapp and Joseph Knapp of Marcus & Millichap represented the seller in the transaction. Brian Hosey, Marcus & Millichap’s broker of record in Virginia, assisted in the sale. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Greg-Puklicz
Company NewsNewsPeople

12 Oaks Senior Living Promotes Greg Puklicz to CEO 

by Hayden Spiess

DALLAS — 12 Oaks Senior Living has appointed President Greg Puklicz to the role of chief executive officer. Puklicz has served as president of the company since December 2021. Previous CEO Richard K. Blaylock will move into a new role as chairman of the board.   “Greg’s steady leadership, operational expertise, and commitment to our core values make him the ideal choice to lead 12 Oaks into the future,” said Blaylock in a statement. “Over the past several years, his forward-thinking approach has been instrumental in modernizing our platforms, scaling our infrastructure, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Viva-L.A.-Warner-Center_Los-Angeles
Affordable HousingCaliforniaDevelopmentNews

Wellpointe to Develop $2B Affordable Seniors Housing Campus in Los Angeles

by Hayden Spiess

LOS ANGELES — Wellpointe has announced plans for the development of a new affordable seniors housing campus within the Warner Center master-planned district in Los Angeles.  Wellpointe estimates a total investment of $2 billion in the project, which will be developed in four phases. A property-holding affiliate of Wellpointe acquired the 4.7-acre development site late last year from Parkview Financial.  Upon completion, Viva L.A. Warner Center will comprise four high-rise towers ranging from 34 to 42 stories. The 2.2 million-square-foot development will total 3,192 units, as well as 61,450 square feet …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMarylandNews

Enterprise Community Development to Redevelop Springvale Terrace in Maryland

by Hayden Spiess

SILVER SPRING, Md. — Enterprise Community Development has announced plans to redevelop Springvale Terrace, a community in Silver Spring, in partnership with Seabury Resources for Aging.  Originally built in the 1960s, the property features 146 units. The community was one of the first to be developed under the U.S. Department of Housing and Urban Development’s (HUD’s) Section 202 program in the Washington, D.C. region.  Redevelopment plans include the demolition of the existing structure and the construction of a new 236-unit property, which will be branded as The Springvale. Residences will be …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingDevelopmentMemory CareNew YorkNews

Sunrise Acquires Development Site on Long Island for $7.5M

by Hayden Spiess

OCEANSIDE, N.Y. — Sunrise Senior Living has acquired a development site situated on Long Island in Oceanside for $7.5 million.  Kelly Koukou of Lee & Associates represented Sunrise in the acquisition. Marlon Matza of Strategic Realty Advisors represented the sellers, Grossman Nurseries and Breslin Development. The parties originally signed a purchase contract in 2017, but entitlement complications delayed the closing of the acquisition.  Sunrise plans to develop a 77,400-square-foot assisted living and memory care community on the property. Upon completion, the community will feature 84 units. A construction timeline was not …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts