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Hayden Spiess

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FeaturesFrom The Magazine

Population Growth Fuels Hot Markets

by Hayden Spiess

Demographic shifts prompt developers to focus on fast-growing cities in the South and West to attract new residents.  Which markets are hot? While developers scour the Mountain West and Mid-Atlantic states for promising sites, one senior living investor likes the somewhat unlikely spot of Rockford, Illinois.  LTC Properties (NYSE: LTC), a real estate investment trust, has provided a construction loan for The Courtyard at Loves Park, a 116-unit senior living project under development in Loves Park, Illinois, a suburb of Rockford. The mid-size, Midwestern city with a rocky history after the …

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AcquisitionsAssisted LivingIndependent LivingMemory CareNewsOperationsPennsylvania

Legend Senior Living Takes Partial Ownership of Community Near Philadelphia

by Hayden Spiess

KING OF PRUSSIA, Pa. — Legend Senior Living has taken partial ownership of Anthology Living, a seniors housing community located in King of Prussia, roughly 20 miles outside Philadelphia. Effective immediately, the community — which offers independent living, assisted living and memory care residences — will be known as Revelle King of Prussia.  Legend will also operate community. This brings the Wichita, Kansas-based company’s portfolio to a total of 65 owned and/or operated communities in Florida, Colorado, Texas, Kansas, Oklahoma and Pennsylvania.  Amenities at Revelle King of Prussia include a fitness …

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Legal IssuesMarylandNews

Maryland Legislator Proposes Bill Requiring Video Surveillance in Assisted Living, Nursing Home Facilities

by Hayden Spiess

ANNAPOLIS, Md. — Maryland legislators have proposed a bill — HB576 — that would require video surveillance within assisted living and nursing home facilities in the state, with the aim of detecting abuse, neglect and exploitation of residents. This follows several incidences of mistreatment in Maryland.  Under the legislation, operators would be required to install and maintain video surveillance equipment within facility common areas. Private spaces and areas where residents receive medical care or nursing services would be exempt from surveillance requirements.  According to the Maryland General Assembly’s website, the bill …

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Active AdultFinanceMinnesotaNews

BWE Secures $20M Permanent Financing for Active Adult Community in Metro Minneapolis

by Hayden Spiess

CHANHASSEN, Minn. — BWE has secured $20 million in permanent financing for Lake Place, an active adult community located in Chanhassen, roughly 20 miles outside Minneapolis. Silver Creek Equity, a Minnesota-based development company, is the borrower.  Lundat Kassa of BWE originated the financing through Freddie Mac on behalf of the borrower. The loan features a 10-year term with a 35-year amortization period and five years of interest-only payments. Proceeds from the loan will be used to close out the existing high-interest floating rate construction financing.  Built in 2023, Lake Place totals …

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DevelopmentNewsWashington, D.C

Maplewood, Omega Healthcare Investors Open 174-Unit Luxury Senior Living Community in Washington, D.C. 

by Hayden Spiess

WASHINGTON, D.C. — Maplewood Senior Living and Omega Healthcare Investors Inc. have opened Inspīr Embassy Row, a 174-unit luxury senior living community in the Fairfax at Embassy Row building in Washington, D.C.  Located with proximity to the Dupont Circle Metro, the community features apartments in studio, one- and two-bedroom layouts.  Architect Beyer Blinder Belle led the project, an adaptive reuse renovation.  “Inspīr Embassy Row showcases our commitment to raising the bar in senior living,” says Shane Herlet, co-CEO of Maplewood Senior Living and Inspīr Senior Living. “By combining cutting-edge technology, personalized …

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Assisted LivingFinanceMemory CareNew YorkNews

MonticelloAM Arranges $115M Acquisition Financing for Seniors Housing Portfolio in Long Island

by Hayden Spiess

LONG ISLAND, N.Y. — MonticelloAM has arranged $115 million in acquisition financing for a portfolio of seniors housing communities located in Long Island. The undisclosed borrower plans to use the proceeds from the senior bridge loan to both acquire the properties and expand the services offered across the communities.  The portfolio comprises 1,000 beds across multiple assisted living and memory care communities.  With two six-month extension options, the financing carries a 36-month initial term. 

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Industry Voices

Engaged by Design: Outdoor and Community Amenities Help Seniors Housing Residents Thrive

by Hayden Spiess

By Shawn Reed, FK Architecture A focus on wellness and lifestyle is among the top 10 senior housing trends for 2025, according to the Seniors Blue Book. With an increased focus on wellness spaces, community gardens and outdoor areas that can be utilized for different activities, seniors now have more opportunities to live healthier, more satisfying lives.  Landscape architects are uniquely suited to provide ways for seniors to experience the outdoors in a safe, accessible way. Ideally, this involves targeted, evidence-based design that emphasizes connection to nature while meeting seniors’ …

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Assisted LivingFinanceMarylandMemory CareNews

Colliers Arranges $10.4M Refinancing for Community in Parkville, Maryland

by Hayden Spiess

PARKVILLE, Md. — Colliers, in partnership with Health Financing Consultants, has arranged a $10.4 HUD loan for the refinancing of a senior living community located in Parkville. Charter Senior Living is the borrower.  Totaling 64 units, the property — The Cottages of Perry Hall — features assisted living and memory care residences. Amenities at the community include full-service dining, housekeeping, activity rooms, a salon and landscaped courtyards.  Christopher Fenton and Catherine Eby of Colliers Mortgage secured the financing, which carries a 35-year term, on behalf of the borrower. 

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AcquisitionsAssisted LivingMemory CareNew YorkNews

SLIB Brokers Sale of 78-Unit Senior Living Community in Rochester, New York

by Hayden Spiess

ROCHESTER, N.Y. — Senior Living Investment Brokerage (SLIB) has brokered the sale of a senior living community located in Rochester.  Built in 2016, the property offers 78 assisted living and memory care units.  A public, non-listed REIT was the seller. A private real estate investment company acquired the property, engaging a New York-based operator to run the community.  Jason Punzel, Dave Balow and Brad Goodsell of SLIB arranged the transaction. 

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AcquisitionsAssisted LivingCaliforniaMemory CareNews

ONELIFE Acquires 137-Unit Assisted Living and Memory Care Community in Sacramento

by Hayden Spiess

SACRAMENTO, Calif. — Developer and operator ONELIFE Senior Living has acquired The Woodlake Senior Living, a 137-unit community located in Sacramento.  Amenities at the property, which offers assisted living and memory care residences, include a movie theater, game room, fitness center, salon, library and arts and crafts room. This marks the fourth senior living community in California for ONELIFE, which merged with Ally Senior Living earlier this year. “The Woodlake Senior Living represents a strategic expansion of our California presence,” says Dan Williams, CEO of ONELIFE. According to the company, the …

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