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Hayden Spiess

Mary-Hardesty-House_Berryville-Va
AcquisitionsAffordable HousingNewsVirginia

Greysteel Brokers $5.9M Sale of Affordable Seniors Housing Community in Virginia 

by Hayden Spiess

BERRYVILLE, Va. — Greysteel has brokered the $5.9 million sale of Mary Hardesty House, an affordable seniors housing community located in Berryville, roughly 65 miles northwest of Washington, D.C. Community Housing Partners was the buyer.  Totaling 60 units, the property was developed using low-income housing tax credit (LIHTC) financing and is engaged in a long-term affordable housing use agreement. Amenities at the property include a game room, social gathering area, fitness center, outdoor patio and grill and salon.  Fletcher Hultman, Justin Mazzamaro and Henry Mathies of Greysteel represented the seller, The …

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LaGrange-Heritage-Senior-Living_LaGrange-Ga
AcquisitionsAssisted LivingGeorgiaIndependent LivingMemory CareNews

SLIB Arranges Sale of 100-Unit Community in Georgia

by Hayden Spiess

LAGRANGE, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of LaGrange Heritage Senior Living, a 100-unit seniors housing community located in LaGrange.  Developed in 2021 on 14.1 acres, the property features independent living, assisted living and memory care residences.  A Georgia-based developer sold the community to a regional operator. The buyer, which has partnered with an institutional capital provider, plans to implement improved marketing efforts and complete the lease-up of the property.  Daniel Geraghty and Bradley Clousing of SLIB represented the seller in the transaction. 

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AcquisitionsActive AdultColoradoNews

Green Courte Partners Acquires 120-Unit Active Adult Community in Windsor, Colorado

by Hayden Spiess

WINDSOR, Colo. — Green Courte Partners (GCP) has acquired 55 Resort at Water Valley, an active adult community located in Windsor, roughly 60 miles north of Denver.  Situated within the Water Valley master-planned development, the property totals 120 units.  GCP purchased the community through its Green Courte Real Estate Partners VI LLC investment fund. This acquisition brings GCP’s national senior living portfolio to 3,300 units across 21 communities. 

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AcquisitionsAssisted LivingMemory CareNewsPennsylvania

Blueprint Arranges Sale of 190-Unit Senior Living Community in Metro Philadelphia

by Hayden Spiess

KING OF PRUSSIA, Pa. — Blueprint has arranged the sale of a senior living community located in King of Prussia, roughly 20 miles northwest of Philadelphia.  Opened in 2021 and totaling 190 units, the property features assisted living and memory care residences.  According to Blueprint, the community was not stabilized at the time of sale. Alex Florea, Kevin Lukehart, Steve Thomes and Kory Buzin of Blueprint brokered the sale on behalf of the undisclosed seller, a private equity investor. 

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Amy-Heller
Company NewsFinanceNew YorkNewsPeople

Amy Heller Joins Meridian Capital Group 

by Hayden Spiess

NEW YORK CITY — Amy Heller has joined Meridian Capital Group as a senior managing director with the firm’s senior housing and healthcare group.  Founded in 1991, New York City-based Meridian is a commercial real estate finance, investment sales and retail leasing advisor. Meridian serves as a financial intermediary for commercial seniors housing and healthcare properties in the U.S., covering both debt brokerage and investment sales across skilled nursing, seniors housing and medical office properties. In 2024, the firm originated a total of roughly $4.7 billion in healthcare-related debt financing for …

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Assisted LivingCaliforniaDevelopmentMemory CareNews

Harbert South Bay Partners to Open 140-Unit Assisted Living, Memory Care Community in Dublin, California

by Hayden Spiess

DUBLIN, Calif. — Developer Harbert South Bay Partners will open The Whitford of Dublin, a new assisted living and memory care community, in Dublin in fall 2026.  Totaling 140 units, the property will feature residences in studio, one- and two-bedroom layouts. The largest floorplans will comprise 1,499 square feet.  Momentum Seniors Living will manage the community. 

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CCRCCompany NewsConnecticutNewsOperations

Senior Living Hospitality Group Assumes Management of Two Connecticut Communities

by Hayden Spiess

BRIDGEPORT and SOUTHBURY, Conn. — Senior Living Hospitality Group, a newly formed organization, has assumed management of two senior living communities located in Connecticut.  Watermark Retirement Communities previously operated the properties, which include 3030 Park in Bridgeport and East Hill in Southbury. A local team that previously operated as part of Watermark and which has overseen the two communities for many years formed the new organization.  All community employees will remain in their positions, according to a press release.  3030 Park is a continuing care retirement community (CCRC) with 196 independent …

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Affordable HousingDevelopmentIllinoisNews

Evergreen Real Estate Group Breaks Ground on 80-Unit Affordable Seniors Housing Community in Metro Chicago

by Hayden Spiess

FRANKLIN PARK, Ill. — Evergreen Real Estate Group has broken ground on Leyden Senior Apartments, a new affordable seniors housing community in Franklin Park, roughly 20 miles outside Chicago.  Upon completion, the development will comprise 80 units. Roughly 20 percent of the residences will be reserved for seniors earning at or below 50 percent of the area median income (AMI), with the remainder reserved for seniors earning at or below 60 percent of the AMI.  The project is a public-private partnership between developer Evergreen Real Estate Group — which will also …

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FinanceNew YorkNewsSkilled Nursing

MonticelloAM Provides $25M Refinancing for Skilled Nursing Facility in New York City

by Hayden Spiess

NEW YORK CITY — MonticelloAM has provided a $25 million mezzanine loan for the refinancing of a skilled nursing facility in New York City.  Comprising 300 beds, the facility is situated within Staten Island.  The undisclosed borrower will use the loan proceeds to recapitalize the property’s existing equity. 

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NIC-Panel
FeaturesNews

NIC Panel Drills Down on Investor Enthusiasm, Future of GSEs

by Hayden Spiess

SAN DIEGO — Seniors housing’s standing in the investment world is on the rise, says Lisa McCracken, head of research and analytics at the National Investment Center for Seniors Housing & Care based in Annapolis, Maryland.    During a webinar hosted by the Urban Land Institute in October 2024 highlighting its real estate economic forecast, the organization polled over 2,000 registrants on the following question: “Which sector do you feel will provide the best risk-adjusted returns across the next three years?”  Data centers captured the largest share of responses (38 percent), …

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