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Hayden Spiess

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AcquisitionsAssisted LivingFloridaIndependent LivingMemory CareNews

Titan Development Sells Three Seniors Housing Communities in Florida

by Hayden Spiess

THE VILLAGES and WINTER PARK, Fla. — Titan Development has sold a portfolio of three seniors housing communities located in The Villages and Winter Park.  The properties included in the portfolio — which totals 416 units — are Watercrest Buena Vista, Watercrest Spanish Springs and Watercrest Winter Park. JLL Capital Markets brokered the sale on behalf of Titan. AEW Capital Management acquired the portfolio for an undisclosed price.  Watercrest Buena Vista and Watercrest Spanish Springs are located in The Villages, a master-planned community roughly 45 miles northwest of Orlando. Built in 2018, …

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Assisted LivingFinanceIndependent LivingMemory CareNewsTennessee

Brookdale Receives $344.2M Financing for Seniors Housing Portfolio

by Hayden Spiess

BRENTWOOD, Tenn.  — Brookdale Senior Living has received a $344.2 million loan to refinance a seniors housing portfolio. The portfolio comprises 47 communities across 14 states.  Tennessee-based Brookdale has used the proceeds to repay $312.5 million of variable-rate debt due September 2027. Allison Holland and Alex Sheaffer of JLL Capital Markets secured the seven-year, fixed-rate financing on behalf of Brookdale under JLL’s master credit facility agreement with Fannie Mae. JLL Real Estate Capital LLC will service the loan.  Totaling 5,102 units, the portfolio features independent, assisted living and memory care residences. 

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FeaturesFinanceNews

Why Are So Many Banks Still on the Sidelines? Capital Markets Panel Weighs in

by Hayden Spiess

PHILADELPHIA — Despite industry-wide improvement in operating performance, many senior living providers are still finding it difficult to secure bank financing. Kathleen Shields, founder and president of Health Financing Consultants, says there are three root causes of the problem, starting with insufficient cash flow. 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. “Operators have done a good job of pushing through [rental] rate increases in order to keep up …

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AcquisitionsArizonaAssisted LivingIllinoisMemory CareMissouriNewsTennessee

Inland Acquires 635-Unit Senior Living Portfolio

by Hayden Spiess

OAK BROOK, Ill. — An affiliate of Inland Real Estate Acquisitions has acquired a 635-unit senior living portfolio. The portfolio comprises three newly constructed Clarendale communities — Clarendale of Chandler in Chandler, Arizona; Clarendale of St. Peters in St. Peters, Missouri; and Clarendale at Indian Lake in Hendersonville, Tennessee.  Amenities at the properties, which feature independent living, assisted living and memory care residences, include swimming pools, wellness centers, full-service salons, entertainment, dining and access to outpatient services and 24-hour security.  The portfolio’s average occupancy was 92 percent at the time of …

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AcquisitionsAssisted LivingMemory CareNewsOhio

Sonida Acquires Seniors Housing Community in Cincinnati for $16.3M 

by Hayden Spiess

CINCINNATI — Sonida Senior Living has acquired a seniors housing community in Cincinnati for $16.3 million. Development of the property was completed in 2021, however the community did not open, due to construction finance foreclosure.  Totaling 82 units, the community will offer 50 assisted living and 32 memory care residences. The property is situated adjacent to Sonida’s existing Wellington at North Bend Crossing community, which features 121 senior living units. Together, the properties will comprise a 203-unit, two-community campus offering a continuum of care.  Sonida funded the acquisition with $18.3 million …

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Assisted LivingFinanceFloridaIndependent LivingNews

BWE Secures $76M Refinancing for Senior Living Community in Naples, Florida

by Hayden Spiess

NAPLES, Fla. — BWE has secured a $76 million loan for the refinancing of The Carlisle Naples, a senior living community located in Naples. A joint venture between Harbert Management Co. (HMC) and Senior Resource Group (SRG) was the borrower.  Totaling 350 residences, the property features 257 independent living units and 93 assisted living units. SRG operates the community.  Ryan Stoll and Taylor Mokris of BWE arranged the non-recourse bridge financing — which features a five-year term, floating rate and full-term interest-only payments — on behalf of the borrower. 

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AcquisitionsAssisted LivingIndependent LivingMemory CareNewsWashington

SLIB Arranges Sale of 131-Unit Seniors Housing Community in Spokane, Washington

by Hayden Spiess

SPOKANE, Wash. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Moran Vista Senior Living, a 131-unit seniors housing community located in Spokane.  Originally built in 1997 and renovated and expanded in 2008, the property features independent living, assisted living and memory care residences.  A regional owner-operator acquired the community from a Pacific Northwest-based seller. The buyer’s portfolio comprises roughly 20 properties throughout Washington and Arizona.  Jason Punzel of SLIB brokered the transaction. 

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NewsPeopleWashington, D.C

ASHA to Induct Rev. Laverne Joseph, Beth Burnham Mace to Hall of Fame 

by Hayden Spiess

WASHINGTON, D.C. — The American Seniors Housing Association (ASHA) has announced its 2025 Senior Living Hall of Fame inductees. Rev. Laverne Joseph and Beth Burnham Mace will be inducted this month at ASHA’s annual meeting Jan. 27-29 in Phoenix, joining a roster of 27 previous honorees.  The individuals were selected by the Senior Living Hall of Fame selection committee, which is chaired by Larry Cohen of Trustwell Living. Other members include Lois Bowers (McKnight’s Senior Living), Steve Monroe (The SeniorCare Investor), Tim Regan (Senior Housing News) and Matt Valley (Seniors Housing Business).  …

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AcquisitionsIllinoisIndependent LivingMemory CareNewsSkilled Nursing

Continuum Brokers $42M Sale of Senior Living Community in Metro Chicago

by Hayden Spiess

BARTLETT, Ill. — Continuum Advisors has brokered the $42 million sale of The Oaks at Bartlett, a senior living community located in Bartlett, roughly 35 miles northwest of downtown Chicago.  Built in 2007, the property totals 283 units, with 10 cottages, 154 independent living apartments, 16 memory care units and 54 skilled nursing units.  Michael Flanagan of Flanagan & Associates served as the receiver for the property, which recently defaulted on its bond obligations. Certus Living has operated the community since the default.  David Kliewer and Jay Jordan of Continuum arranged …

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AcquisitionsIllinoisMarylandMassachusettsNewsPennsylvania

Harrison Street Sells 1,186-Unit Seniors Housing Portfolio to Morgan Stanley 

by Hayden Spiess

CHICAGO — Investment management firm Harrison Street has sold a 1,186-unit seniors housing portfolio to Morgan Stanley Real Estate Investing (MSREI), the private real estate investment arm of Morgan Stanley Investment Management.  Originally acquired by Harrison Street in a joint venture partnership with Brightview Senior Living in 2014, the portfolio comprises eight communities located in the Baltimore, Philadelphia and Boston-Providence metros.  Jay Wagner, Rick Swartz, Aaron Rosenzweig, Tim Hosmer and Sean Kirk of JLL National Seniors Housing Capital Markets brokered the sale on behalf of Harrison Street. Allison Holland and Alex …

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