Author

Hayden Spiess

Kauhale-Otsego_Otsego-Mich
AcquisitionsAssisted LivingMemory CareMichiganNews

SLIB Arranges $10.6M Sale of Assisted Living, Memory Care Community Near Kalamazoo

by Hayden Spiess

OTSEGO, Mich. — Senior Living Investment Brokerage (SLIB) has arranged the $10.6 million sale of Kauhale Otsego, an assisted living and memory care community located in Otsego, roughly 10 miles north of Kalamazoo and 40 miles south of Grand Rapids.  Constructed in 2016, the property totals 52 units. According to SLIB, the community was 86 percent occupied at the time of sale.  A regional owner acquired Kauhale Otsego from an undisclosed owner and operator. Daniel Geraghty, Bradley Clousing and Matthew Alley of SLIB brokered the transaction on behalf of the seller. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Oasis at Aventura
Affordable HousingDevelopmentFloridaNews

Housing Trust Group, AM Affordable Housing Open 95-Unit Community in Miami

by Hayden Spiess

MIAMI — Housing Trust Group (HTG) and AM Affordable Housing have opened Oasis at Aventura, a new affordable seniors housing community in Miami. Totaling 95 units across eight stories, the property was developed for $38 million.  Apartments at the community, which feature a one-bedroom layout, are reserved for residents age 62 and older earning at or below 25, 33 and 60 percent of the area median income. Monthly rental rates range from $555 to $1,369.  Amenities at Oasis at Aventura include a fitness center, community room, library, resident lounge, an outdoor …

Continue Reading
0 FacebookTwitterLinkedinEmail
Pelican-Valley-Senior-Living-Modernization-Project_Pelican-Rapids-Minn
DevelopmentMinnesotaNews

Pelican Valley Senior Living Breaks Ground on $8.4M Modernization Project

by Hayden Spiess

PELICAN RAPIDS, Minn. — Non-profit Pelican Valley Senior Living, a senior living provider in Pelican Rapids in western Minnesota, has broken ground on an $8.4 million modernization project at its campus, which features a skilled nursing center, as well as assisted living and memory care communities.  Phase I of the project will renovate part of a former hospital wing to serve as temporary resident housing during construction. The second phase will redevelop 14 resident rooms and expand community areas including dining, therapy, chapel and social spaces.  Wold Architects & Engineers is …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsNews

NFP Acquires Hamilton Insurance Agency

by Hayden Spiess

NEW YORK CITY — NFP, a property and casualty (P&C) insurance broker and benefits consultant, has acquired Hamilton Insurance Agency, a P&C broker and benefits administration provider.  Headquartered in Fairfax, Virginia, Hamilton is one of the country’s largest independent insurance brokerage firms and specializes in the seniors housing and long-term care sector. The company has operated for almost 50 years.  Alan Zuccari, founder, president and CEO of Hamilton will serve as chairman emeritus during the transition. Joe Zuccari, vice president of Hamilton, will join NFP as senior vice president. Jason Zuccari …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceIllinoisNewsSkilled Nursing

MonticelloAM Provides $68M in Financing for Three Skilled Nursing Facilities in Illinois

by Hayden Spiess

NEW YORK CITY — MonticelloAM has provided $68 million in bridge financing for a three-property skilled nursing portfolio located in Illinois.  Loan proceeds will be used the operator of the skilled nursing facilities, which total 746 licensed beds, to refinance existing debt.  Karina Davydov of New York City-based MonticelloAM originated the financing. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment-Panel_Seniors-Housing-Northeast
FeaturesNews

With High Construction Costs Dampening Development, Value-Add Deals Offer Investment Alternative, Says InterFace Panel

by Hayden Spiess

By Matt Valley PHILADELPHIA — With new development in the seniors housing and care space slowed to a trickle despite strong market fundamentals and pent-up demand, what will it take for the dam to break and release a wave of new construction? Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. The short answer is that there is no silver bullet. There are several financial, operational and market factors that …

Continue Reading
0 FacebookTwitterLinkedinEmail
Morningstar-Happy0Valley_Portland, Ore
AcquisitionsAssisted LivingMemory CareNewsOregon

Harrison Street Acquires 87-Unit Assisted Living, Memory Community in Portland, Oregon

by Hayden Spiess

PORTLAND, Ore. — Harrison Street has acquired Morningstar at Happy Valley, an 87-unit assisted living and memory care community located in Portland.  Built in 2019, the property features 61 assisted living units and 26 private memory care units. Moving forward, the community will be rebranded as The Springs at Sunnyside, and The Springs Living will operate the property.  Amenities at the community include a 24-hour bistro, chapel, theater, library, general store, massage room, courtyards, a barbecue and fire pit, beauty salon, fitness room and raised garden beds.  Jay Wagner, Rick Swartz, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Paul Gordon
FeaturesIndustry Voices

Legal Eagle Paul Gordon of HansonBridgett Reflects on His 50 Years in the Seniors Housing Business

by Hayden Spiess

Paul Gordon, a partner at HansonBridgett, a full-service law firm headquartered in San Francisco, has counseled clients in the seniors housing and care space since 1975. He is such a longstanding expert in the business that the Chambers USA legal directory refers to him as the “godfather of seniors housing.”  Gordon’s entire practice is devoted to representation of seniors housing and long-term care providers, as well as related organizations. This work includes business transactions, regulatory compliance, risk management and dispute resolution, fair housing and ADA compliance, as well as operations counseling.  Over …

Continue Reading
0 FacebookTwitterLinkedinEmail
Terracotta-Terrace_Winter-Park-Fla
Active AdultDevelopmentFloridaNews

United Group Begins Construction on 152-Unit Active Adult Community in Orlando Metro

by Hayden Spiess

WINTER PARK, Fla. — The United Group of Cos. has begun construction on Terracotta Terrace, an active adult community in Winter Park, roughly 6 miles northeast of Orlando.  Upon completion, the property will total 152 units reserved for residents age 55 and older. Residences will include one- and two-bedroom apartments, as well as penthouses. Additionally, the community will feature 12,000 square feet of amenity space. Amenities will include a pool, outdoor bar and kitchen, dog park, bocce ball, shuffleboard courts, fire pits, cabanas, a great room, café and bar area, movie …

Continue Reading
0 FacebookTwitterLinkedinEmail
Dan-Williams
NewsOperations

OneLife Senior Living CEO Publishes Guide to Transforming Struggling Communities

by Hayden Spiess

DENVER — Dan Williams, founder and CEO of OneLife Senior Living, has published The Turnaround Blueprint: Transforming Senior Living Communities from Struggling to Spectacular.  Published by SLL Press, the book is intended to serve as a guide for seniors housing operators managing distressed communities. Within the book, the community transformation process is organized into five phases: Understanding the Crisis, Assessment & Emergency Response, Strategic Recovery Planning, Implementation & Execution and Sustainable Growth.  Williams, who has 25 years of experience in the senior living industry, describes The Turnaround Blueprint as the book that he wishes …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts