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Hayden Spiess

Capstone-at-Centerra_Loveland-Colo
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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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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Investment-Panel
FeaturesFinance

Stars are Aligned for Healthy Investment Climate in 2025, Says InterFace Panel

by Hayden Spiess

PHILADELPHIA — The investment market for seniors housing is in a favorable position heading into the new year thanks to a confluence of factors, says Scott Corbin, director at Boston-based AEW Capital Management. The firm has roughly $3 billion in assets under management within this niche property type. 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. “We’ve seen a full rebound in recovery. We’re not necessarily back …

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Assisted LivingDevelopmentIndependent LivingMemory CareNewsVirginia

NexCore Group, Experience Senior Living Break Ground on 215-Unit Senior Living Community in Metro D.C. 

by Hayden Spiess

Falls Church, Va. — NexCore Group and Experience Senior Living (ESL) have broken ground on The Reserve at Falls Church, a new, 215-unit senior living community in Falls Church, roughly 10 miles outside Washington, D.C.  Upon completion, the property will feature independent living, assisted living and memory care units across 15 stories. Amenities at the community will include multiple restaurants, an indoor saltwater pool, spa, fitness center and a “maker space” for creative endeavors.  Nuveen Real Estate is providing an undisclosed amount of capital for the project.  Scheduled to open in …

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