Author

Hayden Spiess

Martin-Kimmel

By Martin Kimmel For too long, the senior living industry has approached design with a troubling assumption — older adults want old-looking things. Colonial windows. Shutters. This type of traditional architecture underestimates residents’ sophistication and their preference for contemporary living. Even more problematic is the cookie-cutter strategy, which involves replicating the same senior living community design across different markets in the pursuit of efficiency. These approaches fail on multiple levels. This type of design patronizes residents, alienates communities and ultimately hurts business. When a new senior living community appears, feeling …

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Reserve-Sarasota_Sarasota-Fla

SARASOTA, Fla. — NexCore Group, with general contractor Brinkmann Constructors, has broken ground on The Reserve Sarasota, a new senior living community. Located in downtown Sarasota, the property will total 248,582 square feet across seven stories.  Experience Senior Living, a wholly owned subsidiary of NexCore, will operate the community. Amenities at the property will include multiple dining venues, wellness spaces and a rooftop pool.  The project team includes Hoyt Architects, Infrastructure Solutions Services and Senior by Design. Completion of the development is scheduled for December 2027. 

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Atria-Park_San-Mateo-Calif

SAN MATEO, Calif. — Berkadia has brokered the sale of Atria Park of San Mateo, a 135-unit assisted living and memory care community located in San Mateo on the western shores of San Francisco Bay.  A partnership between Shelter Real Estate Investment Properties and Calson Management acquired the property for an undisclosed price. The community will be rebranded as Harbor at Hillsdale.  Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders of Berkadia arranged the transaction on behalf of the undisclosed seller. 

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FEDERAL WAY, Wash. — Lument has provided a $21.5 million loan for the refinancing of a seniors housing community located in Federal Way, roughly 25 miles south of Seattle.  Village Green of Federal Way totals 170 units, with 136 assisted living units and 34 independent living cottages.  Casey Moore of Lument arranged the Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) Section 232/223(f) loan on behalf of the borrower, a family-owned company. The loan features a fixed interest rate and 35-year term. “Lument was able to help us navigate …

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The-Chelsea_New-City-N.Y

NEW CITY, N.Y. and TOWNSHIP OF WASHINGTON, N.J. — Bain Capital Real Estate and Capitol Seniors Housing have received a $48 million loan for the refinancing of two seniors housing communities. The communities include The Chelsea at New City in New City, New York, and The Chelsea at Washington Township in the Township of Washington, New Jersey.  JLL Capital Markets secured the three-year, floating-rate loan through a large regional bank on behalf of Bain and Capitol Seniors Housing.  Built in 2021, The Chelsea at New City totals 80 assisted living, memory …

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BRENTWOOD, Tenn. — Senior living owner and operator Vitality Living has announced the appointment of a chief investment officer and a chief real estate officer.  John Rimbach has been named chief investment officer, and Charles Hall will assume the position of chief real estate officer at the Brentwood, Tennessee-based company.   Rimbach brings more than 30 years of experience in seniors housing to his new role, in which he will lead investment strategy, acquisitions, joint ventures and capital relationships. “I’m excited to help advance Vitality’s capital strategy, cultivate long-term investment partnerships and …

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Residences at Appleton

HOLYOKE, Mass. — WinnCos. has completed a $55.3 million seniors housing adaptive reuse project in Holyoke. A redevelopment of a vacant mill complex, Residences at Appleton has delivered 88 affordable housing units for residents age 55 and older.  Twelve of the apartments are reserved for seniors earning at or below 30 percent of the area median income (AMI); 63 apartments are reserved for seniors earning at or below 60 percent of the AMI; and 13 apartments are reserved for seniors earning at or below 80 percent of the AMI.  Residences at …

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Amanda-Garvey

By Amanda Garvey As sustainability in the built environment continues to gain momentum, everything from tall towers to data centers is becoming greener. The seniors housing sector holds significant, often underrecognized potential for advancing eco-friendly practices.  There are currently more than 32,000 assisted living communities in the U.S., according to the National Center for Assisted Living. These facilities present a unique opportunity to make a positive impact on the environment.  As of 2024, there were also 14,827 certified nursing facilities (nursing homes) nationally, according to Kaiser Family Foundation (KFF) State …

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Vivante Newport Center

By Jane Adler The latest senior living design trends are forward-looking, aimed at attracting the up-and-coming generation of older consumers. These future residents don’t identify with the stereotypes of “old age.” They’re active and focused on staying healthy.  They mostly prefer more modern designs and open interiors that flow into one another so people can connect. They expect spaces that are welcoming and authentic, not unlike those they enjoyed in their former homes.  In response, architects and interior designers are reimagining senior living spaces around the themes of hospitality, wellness …

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Briarwood-Manor_Lockport-N.Y

LOCKPORT, N.Y. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Briarwood Manor, a 113-unit, 160-bed assisted living and memory care community located in Lockport, roughly 30 miles northeast of Buffalo.  Originally opened in 1982, the property was 44 percent occupied at the time of marketing. The memory care wing was added in 2017.  A private owner exiting the seniors housing market was the seller. A private real estate investor acquired the community for an undisclosed price. Dave Balow, Dan Geraghty and Ryan Saul of SLIB brokered the transaction …

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