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Hayden Spiess

SpiriTrust-Property_Pennsylvania
AcquisitionsCCRCNewsPennsylvania

SLIB Arranges $50.8M Sale of CCRC Portfolio in Pennsylvania

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the $50.8 million sale of a portfolio of six continuing care retirement communities (CCRCs) located throughout southern central Pennsylvania. SpiriTrust Lutheran was the seller.  Built between 1959 and 2007, the portfolio comprises 553 independent living units, 261 personal care units and 244 skilled nursing b3eds. Concordia Lutheran Services acquires the properties, which were 81.9 percent occupied as of summer 2025.   Toby Siefert and Dave Balow of Illinois-based SLIB facilitated the transaction. 

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Legal IssuesNewsWashington, D.C

ASHA Responds to House Passage of ROAD to Housing Act

by Hayden Spiess

WASHINGTON, D.C. — American Seniors Housing Association (ASHA) President and CEO David Schless has issued a response to the passage of the 21st Century ROAD to Housing Act by the House of Representatives.  “This bill took an unfortunate turn,” said Schless in a letter to ASHA members.  According to ASHA, the version of the bill passed by the House includes language that could have unintended consequences for seniors housing. A section of the proposed legislation includes prohibitions limiting institutional investor purchases of single-family homes, which could impact senior living communities including …

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Active AdultFeaturesNews

Programming Powers Performance in Active Adult, Says Panel

by Hayden Spiess

By Hayden Spiess DALLAS — Ben Thompson, president and CEO of Maxwell Group and Senior Living Communities, has lofty standards when it comes to resident retention at active adult communities. “If someone moves out of one of our communities, it should be because of death or another really extenuating circumstance,” he insists. “Even in those cases, if they truly loved where they were living, they wouldn’t move unless absolutely forced to.”  Thompson’s comments came during a panel on programming and culture at the InterFace Active Adult conference in Dallas. Hosted at …

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FinanceMarylandNewsSkilled Nursing

MonticelloAM Provides $435M in Financing for Skilled Nursing Portfolio in Maryland

by Hayden Spiess

NEW YORK CITY — MonticelloAM has provided $435 million in financing for a skilled nursing portfolio located in Maryland.  Totaling more than 1,890 beds, the portfolio comprises 14 facilities. The borrower owns and operates roughly 115 skilled nursing and assisted living properties throughout the Eastern U.S. and Sunbelt.  In addition to a $400 million acquisition loan, the financing includes a $35 million working capital line of credit.  “This closing came down to conviction in the sponsor and the assets,” says Jack Lally of New York City-based MonticelloAM. “They’ve done these complex …

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Richmond-Community
AcquisitionsIndependent LivingNewsVirginia

Blueprint Arranges Sale of 122-Unit Property in Richmond

by Hayden Spiess

RICHMOND, Va. — Blueprint has arranged the sale of a 122-unit senior living property located in Richmond.  Built in 1987, the community features independent living residences.  A publicly traded company sold the property for an undisclosed price. Kyle Hallion, Kory Buzin, Ben Firestone and Steve Thomes of Blueprint represented the seller in the transaction. 

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FinanceNebraskaNews

Lument Provides $21.2M HUD-Insured Loan for Community in Lincoln, Nebraska

by Hayden Spiess

LINCOLN, Neb. — Lument has provided a $21.2 million HUD-insured loan for the refinancing of Pemberly Place Senior Living, a community located in Lincoln.  Lument secured a commitment from the Federal Housing Administration (FHA) through its Express Lane program, which was launched last year to expedite the approval of certain low-risk, low-leverage transactions. Quintin Harris and Patrick Roan of Lument originated the financing.  “The Express Lane is the result of HUD listening to lenders and borrowers and making meaningful changes that accelerate transactions,” says Harris. “FHA programs have long offered some …

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Company NewsNewsPeople

Rob Salierno Named Regional Vice President of Operations at Lifespace

by Hayden Spiess

DALLAS — Rob Salierno has been named regional vice president of operations for the North Region at nonprofit owner and operator Lifespace Communities.  In his new role, Salierno will lead daily operations for seven communities located in five states, reporting to Andy Kazmierczak, chief operating officer of Lifespace.  “Rob’s 20-plus-year journey with Lifespace is especially inspiring because it reflects the growth and opportunity our organization strives to create,” says Kazmierczak. “He began his Lifespace career as a dining room server in one of our communities and, through dedication and a commitment …

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Heartis-Fayetteville
AcquisitionsGeorgiaNews

Berkadia Arranges Sale of 167-Unit Luxury Community in Metro Atlanta

by Hayden Spiess

FAYETTEVILLE, Ga. — Berkadia has arranged the sale of Heartis Fayetteville, a 167-unit luxury seniors housing community located roughly 25 miles south of Atlanta.  Capitol Seniors Housing acquired the community, which will be operated as Village Park Fayetteville moving forward. A joint venture between Caddis Partners and Singerman Real Estate was the seller. Galerie Living will operate the community on behalf of the new ownership.  Built in 2018, the property offers a full continuum of care.  Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia brokered the sale on …

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Company NewsMarylandNewsPeople

Matthew Gourmand to Assume Role of Omega Healthcare Investors CEO

by Hayden Spiess

COCKEYSVILLE, Md. — Matthew Gourmand, president of Omega Healthcare Investors (NYSE: OHI), will assume the role of CEO of the company.  Gourmand’s tenure as CEO will begin Oct. 1, upon the retirement of current CEO Taylor Pickett. Gourmand will also be appointed to the company’s board.  “Having worked with Matthew for the past eight years, I believe he is the right person to take the company forward,” said Pickett in a press statement. “With a highly experienced and driven team to support him, I am confident that Omega is well-positioned to …

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Assisted LivingDevelopmentNew HampshireNews

Benchmark Completes 60,000 SF Addition to Community in Coastal New Hampshire

by Hayden Spiess

RYE, N.H. — Benchmark Senior Living has completed a 60,000-square-foot expansion at its community in Rye, a city located along the Atlantic coast.  The project has added 70 assisted living apartments to the community, Benchmark at Rye. New residences include units in studio, one- and two-bedroom layouts. The community also features independent living residences and a 40-apartment memory care neighborhood.  Amenities at the property include a bistro, family kitchen, fitness center, wellness and therapy spaces and multiple outdoor patios.  Benchmark ranked as the 30th-largest seniors housing operator in the 2025 edition …

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