Author

Hayden Spiess

Sonata-Lake-Mary
FeaturesFinanceFrom The Magazine

Expert Commentary: A Roller Coaster Ride for Valuations

by Hayden Spiess

By Brad Schopp Over the past several years, the seniors housing sector has faced one source of pressure after another, with little relief in between. The private-pay segment moved from overbuilding during a three-year period (2017–2019) to pandemic-driven occupancy declines and falling net operating income (NOI), problems that were exacerbated by a sharp rise in interest rates and inflation.  Skilled nursing faced many of the same pressures — albeit without the overbuilding cycle — as well as payor reimbursement volatility and labor strain. Through the first half of 2026, valuation …

Continue Reading
0 FacebookTwitterLinkedinEmail
Joe-Weisenburger
Company NewsIllinoisNewsPeople

Charter Appoints Joe Weisenburger SVP of Capital Markets, Business Development

by Hayden Spiess

NAPERVILLE, Ill. — Charter Senior Living has appointed Joe Weisenburger senior vice president of capital markets and business development.  With more than two decades of experience in the seniors housing sector, Weisenburger most recently served as vice president of capital markets and investments at Kisco Senior Living. HE also previously held leadership roles at LCS and Welltower.  “Joe brings an exceptional combination of industry expertise, investment knowledge and longstanding relationships that will be instrumental in Charter’s next chapter,” says Patrick Mathews, CFO and CIO of Charter Senior Living. “His experience and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Richard Hutchinson
AcquisitionsCompany NewsNewsOperations

Discovery Acquires 26 Management Contracts From Senior Solutions Management Group

by Hayden Spiess

BONITA SPRINGS, Fla. — Discovery Senior Living has entered into a definitive agreement to acquire the management contracts for 26 seniors housing communities from Senior Solutions Management Group (SSMG).  According to Discovery, the portfolio is concentrated in eight states in the South and the Southeast.  Totaling more than 2,200 units, the communities comprise assisted living, independent living and memory care units. Of the units, 69 percent are assisted living, with 18 percent independent living and 13 percent memory care.  Discovery, led by co-founder and CEO Richard Hutchinson, is currently the largest …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsColoradoNewsSkilled Nursing

SLIB Arranges Sale of 126-Bed Skilled Nursing Facility in Metro Denver

by Hayden Spiess

CASTLE ROCK, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Brookside Inn, a skilled nursing facility located in Castle Rock, about 30 miles southeast of downtown Denver.  The property totals 126 beds and approximately 43,184 square feet.  A Colorado-based entity, which has owned and operated the community since 1997, sold the community for an undisclosed price. Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of SLIB represented the seller in the transaction.  A California-based skilled nursing operator was the buyer. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Parkview-Estates_Fountain-Valley-Calif
AcquisitionsCaliforniaNews

SlateView Capital Acquires 151-Unit Community in Southern California 

by Hayden Spiess

FOUNTAIN VALLEY, Calif. — SlateView Capital has completed the acquisition of Parkview Estates, a 151-unit assisted living and memory care community located in Fountain View, approximately 40 miles southeast of Los Angeles.  Amenities at the property, which was completed in 2021, include restaurant-style dining, activity spaces, a fitness and therapy area, a salon and a theater.  The seller and sales price were not disclosed. This marks the second acquisition for SlateView since the firm’s inception. Azhar Jameeli, formerly of IRA Capital, and Kendall Young established SlateView in late August. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsDevelopmentNewsNorth Carolina

Madison Communities Expands Into Seniors Housing Sector

by Hayden Spiess

CHARLOTTE, N.C. — North Carolina-based multifamily development company Madison Communities has announced plans to expand into the seniors housing sector.  The firm’s new platform will focus on the ground-up development of communities in the Sunbelt, with an emphasis on luxury.  “Seniors housing is a natural extension of what we do well — designing and building exceptional communities,” says Ryan Hanks, CEO of Madison Communities. “Demand is accelerating while new construction has nearly stalled.” Matthew Griffin has joined the company as executive managing director of development and will lead the senior living …

Continue Reading
0 FacebookTwitterLinkedinEmail
Pennsylvania-Portfolio
AcquisitionsNewsPennsylvania

JLL Arranges Sale, Financing of 479-Unit Portfolio in Pennsylvania

by Hayden Spiess

PHILADELPHIA — JLL Capital Markets has arranged the sale and financing of a seniors housing portfolio located throughout Pennsylvania.  Dubbed the Pennsylvania Portfolio, the assets comprise 479 units across seven assisted living and memory care communities. A joint venture between Almanac Realty Investors and Priority Life Care acquired the portfolio for an undisclosed price. ValStone Partners was the seller.  On average, the communities are 27 years of age. ValStone has completed over $8.8 million in capital improvements at the properties since 2020. IntegraCare previously operated the communities on behalf of ValStone.  …

Continue Reading
0 FacebookTwitterLinkedinEmail
Corso-Atlanta-Phase-11
DevelopmentGeorgiaNews

Galerie Living Underway on 110-Unit Expansion of Atlanta Community

by Hayden Spiess

ATLANTA — Galerie Living has broken ground on an expansion project at Corso Atlanta, its luxury seniors housing community in the Buckhead neighborhood of the city.  Upon completion, the project will add an 11-story residential tower comprising 110 private residences. The tower will also include new amenities and restaurants.  The property currently totals 203 units. Completion of the project is scheduled for spring 2028. Design firm HKS collaborated with Corso on the expansion. Brasfield & Gorrie is serving as the general contractor.  Corso Atlanta originally opened in 2022. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Ken-Dychtwald
FeaturesNews

Ken Dychtwald: Boomers Have Broken the Mold on Aging

by Hayden Spiess

By Matt Valley CHICAGO — When Ken Dychtwald entered the field of aging and longevity in 1973, the joke was that a game of shuffleboard was synonymous with the elderly.  “That’s what retirees did — they played shuffleboard,” says the renowned psychologist, gerontologist and best-selling author of 19 books on aging. Twenty-five years later, John Glenn, the famous astronaut and former U.S. senator from Ohio returned to space aboard the space shuttle Discovery at age 77, becoming the oldest person to travel to space at that time.  Leading up to the …

Continue Reading
0 FacebookTwitterLinkedinEmail
SLIB-Portfolio-Pic
AcquisitionsKentuckyMichiganNewsTennessee

SLIB Arranges Sale of 443-Unit Portfolio 

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a six-property portfolio totaling 443 units. A partnership between an operator and a publicly traded REIT acquired the portfolio.  Four of the properties are located in Kentucky, with one of the communities in Michigan and another in Tennessee.  According to SLIB, the portfolio has maintained an average occupancy rate of 96 percent over the past three ears.  Bradley Clousing and Daniel Geraghty of SLIB brokered the transaction on behalf of the undisclosed seller. The sales price was not …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts