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Hayden Spiess

Ventas-Property
Company NewsIllinoisNews

Ventas, Brookdale Reach Agreement on 120-Community Master Lease

by Hayden Spiess

CHICAGO — Real estate investment trust Ventas, which has a portfolio that features more than 800 seniors housing properties, has reached a new agreement with Brookdale Senior Living regarding the communities covered by the existing master lease between the two companies.  Previously set to expire Dec. 31, 2025, the master lease applies to 120 senior living communities. Brookdale previously expressed its intent to allow the lease to expire.  Now, Brookdale will extend its lease on 65 of the communities for a 10-year term with a 38 percent cash rent increase. Each of …

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Skilled-Nursing-Portfolio_Pennsylvania
AcquisitionsNewsPennsylvaniaSkilled Nursing

SLIB Brokers $11M Sale of Skilled Nursing Facility Portfolio in Metro Pittsburgh

by Hayden Spiess

PITTSBURGH, Pa. — Senior Living Investment Brokerage (SLIB) has brokered the $11 million sale of a skilled nursing facility portfolio located in Pennsylvania. Situated primarily within metro Pittsburgh, the portfolio comprises 299 beds across five properties. Originally built between 1964 and 1992, the portfolio was first marketed in fall 2023.  Ryan Saul and Toby Siefert of SLIB represented the seller, Guardian Healthcare, in the transaction. According to SLIB, Guardian Healthcare is currently in bankruptcy proceedings, and the properties had struggled financially prior to the sale.  A regional owner-operator was the buyer. 

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AcquisitionsAssisted LivingColoradoMemory CareNews

IRA Capital Acquires Seniors Housing Community in Metro Denver for $40M

by Hayden Spiess

LOVELAND, Colo. — IRA Capital has acquired Capstone at Centerra, a seniors housing community located in Loveland, for $40 million.  The community is situated within the 3,000-acre Centerra master-planned development, roughly 50 miles north of Denver.  Developed in 2023 by Hunt Midwest, the property totals 102 units, with 56 assisted living apartments and 46 memory care residences. The community was 95 percent occupied at the time of acquisition.  The property features proximity to healthcare facilities including UCHealth Medical Center of the Rockies and Banner McKee Medical Center, which are roughly one …

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2025-Seniors-Housing-Outlook-Webinar
FeaturesOperations

Operators Still Face Some Headwinds Going Into the New Year, Expert Panel Reveals

by Hayden Spiess

When it comes to operational performance, a bifurcation has emerged within the seniors housing industry, observes Tom Grape, CEO of Waltham, Massachusetts-based Benchmark Senior Living. Established, well-capitalized operators with strong teams in place are hitting their marks while many smaller, less established ones are struggling financially. Grape’s insights came during a Dec. 12 webinar titled “2025 Seniors Housing Outlook: Investment, Valuations & Capital.” Seniors Housing Business hosted the hour-long online event, which was sponsored by CBRE. Benchmark, Grape’s company, ranked No. 31 on the American Seniors Housing Association (ASHA) list of the 50 largest …

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Industry VoicesOperationsTechnology

The Power of EHR Design: Staff Satisfaction, Improved Care

by Hayden Spiess

By Erez Cohen, August Health In collaboration with the American Seniors Housing Association (ASHA), August Health recently published a survey of clinical leaders from senior living operators across the nation. The report included findings on gaps in clinical reporting, strategies for fall reduction, and new care models and technologies. One recurring theme though, was that of the challenges around staffing — hiring, retaining, training and improving the quality of senior living professionals.  It is unsurprising that clinical leaders report so many issues around staffing. Caregivers face an environment that can be stressful, …

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John-Rijos
FloridaMinnesotaNews

John Rijos, Guy Geller to Assume New Leadership Roles at CPF Living Communities, Grace Management 

by Hayden Spiess

MAPLE GROVE, Minn. AND SARASOTA, Fla. — John Rijos and Guy Geller will assume new leadership roles with CPF Living Communities and Grace Management Inc. (GMI), effective Jan. 1, 2025. Geller will take on the title of CEO of both organizations, with Rijos serving as founder and chairman. Rijos founded CPF Living Communities, a subsidiary of Chicago Pacific Founders (CPF), in 2014 and is also managing partner of CPF’s Healthcare Real Estate Fund.  Geller first joined CPF Living Communities and GMI in 2016. He previously served as chief operating officer and …

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Northwest-Pennsylvania-Portfolio
AcquisitionsIllinoisIndependent LivingNewsSkilled Nursing

SLIB Brokers Sale of 174,194 SF Seniors Housing Portfolio in Northwest Pennsylvania

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has brokered the sale of a seniors housing portfolio totaling 174,194 square feet in northwest Pennsylvania.  Built between 1958 and 2017, the portfolio comprises 315 units across five properties, including independent living, personal care and skilled nursing facility residences.  The portfolio was in receivership at the time of sale. An affiliate of the existing operator acquired the property for an undisclosed price.  Ryan Saul and Toby Siefert of Illinois-based SLIB represented the receiver in the transaction. 

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Capitol_Washington-D.C
Assisted LivingNewsWashington, D.C

Senate Passes Legislation With Assisted Living Provisions for Veterans

by Hayden Spiess

WASHINGTON, D.C. — The U.S. Senate has passed a bipartisan bill that includes provisions for more long-term care options, including assisted living, for military veterans.  Senators Jon Tester (D-Montana), Jerry Moran (R-Kansas), Elissa Slotkin (D-Michigan) and Bryan Steil (R-Wisconsin) led support of the legislation known as H.R. 8371, the Senator Elizabeth Dole 21st Century Veterans Healthcare and Benefits Act.  In addition to other proposals to enhance the delivery of services by the Department of Veterans Affairs (VA), the bill features the Expanding Veteran’s Options for Long Term Care Act, which includes …

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Assisted LivingCaliforniaFinanceNews

MonticelloAM Provides $87.2M Bridge Loan for Assisted Living Portfolio in Fresno, California

by Hayden Spiess

FRESNO, Calif. — MonticelloAM has provided an $87.2 million bridge loan for an assisted living portfolio in Fresno. The portfolio totals 39 communities. Proceeds from the loan will be used to refinance the existing debt on the properties, and the undisclosed borrower plans to secure long-term financing. 

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Value-Based-Care
FeaturesFrom The Magazine

Providers Leverage Healthcare Partnerships to Win

by Hayden Spiess

Value-based care provides an opportunity to improve patient outcomes, lower costs and potentially share in the savings, say industry experts. Primarily created as a hospitality model, seniors housing is inching its way into the complex world of healthcare management and insurance payments. Operators are adopting a variety of approaches to address the health needs of residents through value-based care arrangements.  What is value-based care? Unlike the traditional Medicare fee-for-service payment model, value-based care pays healthcare providers to keep people healthy and to prevent health emergencies that require expensive hospital visits. …

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