Monday, May 5, 2025
Read the Magazine Subscribe
Author

Hayden Spiess

Doug-Korey
CaliforniaCompany NewsNewsPeople

Industry Veteran Doug Korey Retires

by Hayden Spiess

WESTLAKE VILLAGE, Calif. — Doug Korey, an industry professional with more than 40 years of experience in the seniors housing sector, has retired.  Most recently, Korey served as managing director of business development for LTC Properties. According to the company, Korey is departing to focus on his family and health.  A member of the American Health Care Association and the American Seniors Housing Association, he originated and structured billions of dollars in health care real estate transactions throughout his career and was engaged in the broader seniors housing and care landscape.  …

Continue Reading
0 FacebookTwitterLinkedinEmail
Shepherd's-Care_Greenville-S.C
AcquisitionsAssisted LivingMemory CareNewsSouth Carolina

SLIB Brokers Sale of 60-Unit Assisted Living, Memory Care Community in Greenville, South Carolina

by Hayden Spiess

GREENVILLE, S.C. — Senior Living Investment Brokerage (SLIB) has brokered the sale of Shepherd’s Care Assisted Living and Memory Care Community in Greenville. The property totals 60 units.  Bob Jones University (BJU) sold the community to an undisclosed local investor, which has partnered with a Southeast-based operator.  Daniel Geraghty and Bradley Clousing of SLIB represented BJU in the transaction.  According to Geraghty, the buyer plans to renovate the property. 

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Variel_Woodland-Hills-Calif
Assisted LivingCaliforniaFinanceIndependent LivingMemory CareNewsPennsylvania

BWE Secures $308M Refinancing for Two Communities in California, Pennsylvania

by Hayden Spiess

LOS ANGELES and AMBLER, Pa. — BWE, a Cleveland-based commercial real estate financial services firm, has arranged the $308 million refinancing of a pair of seniors housing properties in the Los Angeles and Philadelphia metro areas. The financing was structured as a single transaction on behalf of a joint venture between Columbia Pacific Advisors, LAMB Properties and Harbert South Bay Partners. Momentum Senior Living operates both properties. Located northwest of Los Angeles in Woodland Hills, California, The Variel is a 336-unit community that offers independent living, assisted living and memory care …

Continue Reading
0 FacebookTwitterLinkedinEmail
NIC-MAP-Occupany-Property-Type
MarylandNews

Seniors Housing Demand at All-Time High, Says NIC

by Hayden Spiess

ANNAPOLIS, Md. — Demand for seniors housing has reached an all-time high, according to the National Investment Center for Seniors Housing & Care (NIC).  The Annapolis-based organization reported that occupancy rates in the U.S. increased 0.3 percentage points — from 87.1 percent in the fourth quarter of 2024 to 87.4 percent in the first quarter of 2025 — referencing data from NIC MAP, which tracks occupancy rates in 31 primary markets throughout the country. Occupancy across independent living properties rose to 89 percent from 88.6 percent in the same period, and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Superior-Residences_Lecanto-Fla
AcquisitionsAssisted LivingFloridaMemory CareNews

Continuum Brokers Sale of Five-Property Portfolio in Florida

by Hayden Spiess

TAMPA, Fla. — Continuum Advisors has brokered the sale of a five-property senior living portfolio located in central and northern Florida.  The communities, which were in receivership at the time of sale, include Superior Residences of Clermont in Clermont; Superior Residences of Cala Hills in Ocala; Superior Residences of Brandon in Brandon; Superior Residences of Lecanto in Lecanto; and Superior Residences of Niceville in Niceville.  In total, the portfolio comprises 340 total units, with 76 assisted living residences and 266 memory care units.  Tampa-based Continuum arranged the sale on behalf of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment-Panel_Seniors-West
FeaturesNews

Foundation Has Been Laid for Investment Sales to Flourish in 2025, Says InterFace Panel

by Hayden Spiess

LOS ANGELES — Dan Baker, director of capital markets for JLL, says the seniors housing and care industry doesn’t need to speculate on whether the market rebound is real or perceived because the numbers tell the story.  “I think last year saw the most announced seniors housing transactions ever in a calendar year, not necessarily the most dollar volume,” said Baker during a recent investment panel discussion at InterFace Seniors Housing West in Los Angeles. Baker cited the lack of larger portfolios trading hands as the reason for the modest dollar …

Continue Reading
0 FacebookTwitterLinkedinEmail
Steve Leone
FeaturesIndustry Voices

Architect Q&A: Designing for Health and Human Experience

by Hayden Spiess

Founded in 1954 and based in Hamilton, New Jersey, Spiezle Architectural Group is a firm that provides architecture, interior design, construction, furniture procurement, engineering and landscape design services. With 120 employee-owners, the firm operates out of five offices and offers design services nationwide and internationally.  Seniors Housing Business spoke with Steve Leone, a principal at the firm, to hear about Spiezle, its approach to acute healthcare and senior living projects and Cathedral Village, a project in Philadelphia.  SHB: Spiezle provides a variety of services including architecture, interior design, construction services, furniture procurement, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Facility_Waco-Texas
AcquisitionsAssisted LivingNewsSkilled NursingTexas

Blueprint Brokers Sale of 106-Unit Assisted Living, Skilled Nursing Facility in Waco, Texas

by Hayden Spiess

WACO, Texas — Blueprint has brokered the sale of an assisted living and skilled nursing facility totaling 106 units in Waco.  Closed in 2018, the community was vacant at the time of sale. The property was built in 2015. Amenities at the facility include an outdoor courtyard, patio and putting green.  Amy Sitzman and Giancarlo Riso of Blueprint represented the undisclosed seller in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Risor St. Louis Park
Active AdultFinanceMinnesotaNews

JLL Arranges $42.9M Bridge Financing for Active Adult Community in Metro Minneapolis 

by Hayden Spiess

ST. LOUIS PARK, Minn. — JLL Capital Markets has arranged a $42.9 million bridge loan for the refinancing of Risor of St. Louis Park, an active adult community located in St. Louis Park, roughly 10 miles outside downtown Minneapolis. Roers Cos. is the borrower.  Completed in November 2023, the apartment community features 170 units reserved for residents ages 55 and older in studio, one-, two- and three-bedroom layouts. The property includes 18 affordable residences for income-restricted renters.  Amenities at the community include a club room, golf simulator, movie theater, pool and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingCaliforniaDevelopmentMemory CareNews

Clearwater Underway on 100-Unit Community in Los Angeles

by Hayden Spiess

LOS ANGELES — Clearwater Living is currently underway on the development of a new, 100-unit senior living community in the Beverly Grove neighborhood of Los Angeles.  Upon completion, the property will total 100 studio, one- and two-bedroom apartments across seven stories, including assisted living, memory care and short-term residences. Amenities at the community, dubbed The Leonard on Beverly, will include a movie theater, rooftop terrace, restaurant, private dining space and exhibition kitchen. The development will also feature 7,000 square feet of medical office space and a 6,000-square-foot synagogue.  The community is …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts