Author

Hayden Spiess

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Assisted LivingDevelopmentFloridaMemory CareNews

Chancey Completes Development of 86-Unit Community in Marco Island, Florida

by Hayden Spiess

MARCO ISLAND, Fla. — Chancey Development, in partnership with BRW Development and Watermark Retirement Communities, has delivered The Watermark at Marco Island, a new, 86-unit community in Marco Island.  This marks the first senior living community on the island.  Totaling 103,000 square feet, the property features 66 assisted living and 20 memory care units. Chancey Architecture & Design designed the community, with Wichman Construction serving as the general contractor.  Chancey also partnered with the City of Marco Island to create a public park adjacent to the property, which is located with …

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Assisted LivingFinanceMissouriNewsSkilled NursingTexas

Cambridge Realty Capital Provides Two HUD-Insured Loans Totaling $19.3M for Properties in Missouri, Texas

by Hayden Spiess

KANSAS CITY, Mo. And NORTH RICHLAND HILLS, Texas — Cambridge Realty Capital has provided two HUD-insured loans totaling $19.3 million for seniors housing properties located in Missouri and Texas.  In Texas, the financing included a $6 million loan for the acquisition of Ashwood Court, an assisted living facility located in North Richland Hills.  In Missouri, a $13.3 million loan was provided for the refinancing of Northland Rehabilitation and Healthcare Center, a 118-bed skilled nursing facility in Kansas City.  Both borrowers utilized Cambridge’s early rate lock program, which allows for securing an …

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AcquisitionsAssisted LivingNewsSkilled NursingTennesseeVirginia

Blueprint Brokers Sale of 402-Bed Portfolio in Tennessee, Virginia

by Hayden Spiess

JOHNSON CITY, Tenn. — Blueprint has arranged the sale of a 402-bed portfolio located in Tennessee and Virginia.  Ballad Health, a Johnson City, Tennessee-based not-for-profit integrated healthcare system, was the seller.  The portfolio comprises three skilled nursing facilities and one assisted living community. Ahava Healthcare, a New York-based owner and operator, acquired the portfolio for an undisclosed price. 

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FeaturesFinanceNews

While Financing Climate Improves Significantly, Developers Still Get Cold Shoulder from Lenders, InterFace Panel Says

by Hayden Spiess

By Matt Valley The seniors housing lending market hasn’t made a 180-degree turn from a year ago when the Federal Reserve was at the peak of its monetary tightening cycle, Fannie Mae and Freddie Mac were dealing with plenty of asset management issues on their balance sheets and the loan underwriting practices of banks were quite stringent.  But the debt financing market has clearly turned a corner and is headed in the right direction, even as developers remain frustrated. That is one of the big takeaways from InterFace Seniors Housing …

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Affordable HousingDevelopmentHawaiiNews

EAH Housing Begins Leasing at $62M Affordable Community in Hawaii

by Hayden Spiess

‘AIEA, HAWAII — Nonprofit organization EAH Housing has begun leasing at Aloha lā Halewilikō, a new affordable seniors housing community in ‘Aiea.  Totaling 140 units, the property is reserved for residents age 62 and older. Residences are available for households earning 30, 50 and 60 percent of the area median income.  Units at the community include 83 studio and 56 one-bedroom apartments, as well as a manager’s unit. Amenities at the development include a multipurpose room, walking paths, fitness facilities, community gardens and digital literacy programs. Local nonprofit partner Lanakila Pacific …

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FeaturesFinanceFrom The Magazine

Why FY 2025 Could Be a Banner Year for HUD Healthcare Lenders

by Hayden Spiess

By Matt Valley There are two major takeaways from the U.S. Department of Housing and Urban Development’s healthcare mortgage insurance program more than halfway through fiscal year (FY) 2025.  First, loan volume is on a pace to significantly surpass the $3.1 billion figure recorded in FY 2024, likely reaching $4 billion or more. Second, the launch of the Department of Government Efficiency (DOGE), which aims to reduce government spending, led to several employee departures at HUD at a time when there was already a backlog of loans to process. The …

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Active AdultDevelopmentMarylandNews

Greystar to Develop Active Adult Project in Annapolis, Maryland

by Hayden Spiess

ANNAPOLIS, Md. — Greystar has announced plans to develop a new active adult project in Annapolis.  Upon completion, the community will total 175 units, with a mix of one-, two- and three-bedroom residences. Amenities at the five-story development will include a library, club room, kitchen, fitness studio, pet spa, swimming pool and exterior courtyard.  Greystar recently acquired a 2.17-acre development site within Annapolis Town Center for the project. Construction is currently underway, and leasing is scheduled to begin in spring 2026.  Annapolis Town Center features more than 50 retail stores and …

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Company NewsNew YorkNews

Macquarie Asset Management Launches New Seniors Housing Platform

by Hayden Spiess

NEW YORK CITY — Global asset manager Macquarie Asset Management has launched Health Wave Partners, a new seniors housing platform.  Alongside established operators, the platform will target investments in modern properties.  Health Wave Partners’ management team will include John Cobb as chief executive officer, Philip Kayden as chief investment officer, Elliot Pessis as chief operating officer, Sean O’Malley as managing director of finance and Holden Torrens as director of investments.  “Health Wave Partners will focus on investing in what it views to be high-quality properties and partner with experienced operators in …

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AcquisitionsArizonaAssisted LivingIndependent LivingMemory CareNews

Stellar Senior Living Acquires Community in Marana, Arizona

by Hayden Spiess

MARANA, Ariz. — Stellar Senior Living has acquired La Sonora at Dove Mountain, a seniors housing community located in Marana, roughly 20 miles northwest of Tucson.  Totaling 152 units, the property features independent living, assisted living and memory care residences.  The seller and sales price were not disclosed. Stellar Senior Living, which was founded in 2011, is headquartered in Salt Lake City. 

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AcquisitionsAffordable HousingCaliforniaNews

Jonathan Rose Cos. Acquires Coventry Court for $83M

by Hayden Spiess

TUSTIN, Calif. — Jonathan Rose Cos. has acquired Coventry Court, a seniors housing community located in Tustin, for $83 million. Meta Housing Corp. was the seller.  Developed in 2012, the property features 240 units, with 153 residences designed as affordable and reserved for seniors earning 50, 60 and 110 percent of the area median income. Consequently, the property qualifies for a 40 percent tax abatement. The other 87 units at the community are market rate.  Jim Fisher, Vince Norris, Mike Smith and Tommy Yates of Northmarq brokered the transaction on behalf …

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