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Hayden Spiess

Seniors Housing Development is a Worthwhile Investment Despite Challenges, Say InterFace Panelists

by Hayden Spiess July 2, 2025

By Hayden Spiess CHICAGO — Philip Kroskin, head of real estate and senior vice president of investments with Sunrise Senior Living, has a message for those who are reluctant to invest in seniors housing development: “Why are you being so stupid?” Kroskin’s blunt question came during a recent two-day InterFace event at the Swissotel Chicago. Taking place June 24-25, the InterFace Seniors Housing Midwest conference drew 215 attendees and featured a number of panel sessions. Joining Kroskin on stage for a panel titled “When Will Development Rebound?” during the first evening …

July 2, 2025

Berkadia Arranges $627.2M Refinancing for Seniors Housing Portfolio

by Hayden Spiess July 2, 2025

NEW YORK CITY — Berkadia has arranged the $627.2 million refinancing of a seniors housing portfolio. Austin Sacco, Steve Muth, Garrett Sacco and Alec Rosenfeld of Berkadia Seniors Housing & Healthcare secured the financing on behalf of an undisclosed borrower. Located across 15 states, the portfolio comprises 4,395 units across 35 properties. Communities within the portfolio feature independent living, assisted living and memory care residences. This marks one of the largest seniors housing refinancings in recent years, according to New York-based Berkadia. “We are thrilled to have represented such a premier …

July 2, 2025

Acquisitions Company News News Washington

Transforming Age Acquires Culinary Consulting Vendor peace love food

by Hayden Spiess July 2, 2025

BELLEVUE, Wash. — Nonprofit organization Transforming Age has acquired peace love food, a culinary consulting vendor that provides support to global food manufacturing companies, independent and national chain restaurants, the seniors housing and longevity industries, international airlines and the hospitality industry. As part of the acquisition, peace love food founder Chef Laureen Herzig will join Transforming Age in the dual role of president of peace love food and vice president of culinary services, Transforming Age. Herzig brings more than 35 years of experience. Since 2012, peace love food has collaborated with …

July 2, 2025

Affordable Housing Development Florida News

HTG, Mount Hermon AME Church Open $43.5M Affordable Seniors Housing Community in Fort Lauderdale, Florida

by Hayden Spiess July 1, 2025

FORT LAUDERDALE, Fla. — Housing Trust Group (HTG) and Mount Hermon African Methodist Episcopal Church have opened Mount Hermon Apartments, a new affordable seniors housing community in Fort Lauderdale. Development costs totaled $43.5 million. Monthly rental rates at the community, which features one- and two-bedroom apartments, range from $433 to $1,422 per month. Units are reserved for seniors earning at or below 25 and 60 percent of the area median income. According to Apartments.com, average the average rental rate for a one-bedroom apartment in Fort Lauderdale is $2,222. Amenities at the …

July 1, 2025

Company News Illinois News Technology

Charter Partners With LifeLoop to Support Memory Care Program

by Hayden Spiess July 1, 2025

NAPERVILLE, Ill. — Owner and operator Charter Senior Living has announced a new strategic partnership with LifeLoop, a senior living technology company. Illinois-based Charter, which has a portfolio of 72 senior living communities, has deployed a LifeLoop resident engagement solution to support its Flourish Memory Care program for adults with Alzheimer’s and other forms of dementia. Charter communities now use the 1N2L by LifeLoop solution, which offers cognitive care content and programming with more than 7,000 curated experiences. “LifeLoop enables our community teams to deliver personalized enrichment programming at a scale …

July 1, 2025

Douglas-Care-Center-Mountain-Lodge_Douglas-Wyo

Acquisitions Assisted Living Memory Care News Skilled Nursing Wyoming

SLIB Brokers Sale of 74-Unit Facility in Douglas, Wyoming

by Hayden Spiess June 27, 2025

DOUGLAS, Wyo. — Senior Living Investment Brokerage (SLIB) has brokered the sale of Douglas Care Center and Mountain Lodge, a senior living and skilled nursing facility located in Douglas. The facility totals 74 units with 96 beds across two adjacent properties, with assisted living, memory care and skilled nursing offerings. Originally built in 1968, Douglas Care Center was renovated in 2010. Mountain Lodge was developed in 2018. Vince Viverito and Jason Punzel of SLIB arranged the transaction.

June 27, 2025

Affordable Housing Development Finance News Texas

Lument Secures $33.6M Construction Loan for Affordable Housing Development in Dallas

by Hayden Spiess June 27, 2025

DALLAS — Lument Real Estate Capital has arranged a $33.6 million Freddie Mac loan to facilitate the construction of a new affordable seniors housing development in Dallas. The borrowers are DHA Housing Solutions of North Texas and Volunteers of American National Services (VOANS). Tracy Peters and Dale Giffey of Lument led the transaction. In addition to the $33.6 million Freddie Mac Tax-Exempt Loan (TEL), Lument Securities provided bond underwriting services for $45.6 million in tax-exempt cash collateralized bonds. The total project cost is $96.7 million. Upon completion, the property, dubbed The …

June 27, 2025

Assisted Living Development Independent Living Memory Care New Jersey News

Benchmark to Open 138-Unit Community Near New York City

by Hayden Spiess June 25, 2025

CEDAR GROVE, N.J. — Benchmark Senior Living has announced plans to open a new community in Cedar Grove, roughly 20 miles northwest of New York City. Upon completion, the property — dubbed Benchmark at Cedar Grove — will total 138 apartments, with independent living, assisted living and memory care units. Situated on 5.5 acres, the building will comprise 145,000 square feet. Amenities at the community will include multiple dining venues, a pub/bistro, arts and activity spaces, a sports lounge, two hair salons, a wellness center and exterior courtyards. Benchmark is developing …

June 25, 2025

News Operations Oregon Texas

Clearwater Adds Communities in Texas, Oregon to Management Portfolio

by Hayden Spiess June 25, 2025

AUSTIN, Texas and BEAVERTON, Ore. — Clearwater Living has added two new seniors housing communities to its management portfolio. Now operating as Clearwater Beaverton (formerly Anthology of Beaverton) and Clearwater at The Arboretum (formerly Anthology of The Arboretum), the properties are located in Beaverton, Oregon, and Austin, Texas, respectively. Clearwater at The Arboretum features 130 assisted living and memory care units in studio, one- and two-bedroom floorplans. Amenities at the community include a restaurant, bistro, fitness center, arts and crafts room, salon, theater, game room, outdoor courtyards and rooftop terraces. Clearwater …

June 25, 2025

Features Industry Voices

Eco-Friendly Senior Living: Key Practices in Achieving Sustainable Development

by Hayden Spiess June 25, 2025

By Bob Hankin Over the past several years, sustainability and energy efficiency have been key differentiators and quality indicators within the multifamily housing industry. However, the seniors housing industry has been slower to adopt these priorities — despite the benefits for residents’ health and wallets (which is particularly important for seniors living on a fixed income). From smart building technology to building design techniques, innovations in environmentally conscious development have the potential to transform the senior living experience, while also reducing long-term costs for developers and ensuring a better tomorrow …

June 25, 2025

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