Author

Hayden Spiess

Wellington-Bay_Wellington-Fla
AcquisitionsFloridaIndependent LivingMemory CareNews

JLL Arranges Sale of 45-Acre Campus in Wellington, Florida

by Hayden Spiess

WELLINGTON, Fla. — JLL Capital Markets has arranged the sale of Wellington Bay, a 45-acre senior living campus located in Wellington, roughly 55 miles northwest of Fort Lauderdale.  Totaling 283 units, the property features a 159-unit independent living community and The Lisbet Health Center, which comprises 124 assisted living and memory care residences. Amenities at the campus include a 65,000-square-foot clubhouse with dining, outdoor and indoor pools, a hot tub, putting green, bocce court, pickleball court and fitness, wellness, concierge, arts and entertainment programming.  AEW Capital Management acquired the property from …

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Aviva-Pembroke_Virginia-Beach-Va
Assisted LivingDevelopmentIndependent LivingMemory CareNewsVirginia

Beth Sholom Village Opens Aviva Pembroke Community in Virginia Beach, Virginia

by Hayden Spiess

VIRGINIA BEACH, Va. — Owner-operator Beth Sholom Village has opened Aviva Pembroke, a new community located in Virginia Beach adjacent to the Pembroke Square shopping mall. Pembroke Realty Group developed the property on behalf of Beth Sholom Village.  Totaling 153 units, the community features 121 independent living, 20 assisted living and 12 memory care residences.  Amenities at the property, which was designed by Kahler Slater, include a pool, fitness center, bistro, community room and a meditation and prayer room. Outdoor amenities include a deck, rooftop lounge and terrace, pickleball courts, putting …

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AcquisitionsAssisted LivingMemory CareNew YorkNews

SLIB Brokers Sale of 567-Unit Portfolio in New York

by Hayden Spiess

WHEATON, Ill. — Illinois-based Senior Living Investment Brokerage (SLIB) has brokered the sale of an assisted living and memory care portfolio located in Long Island in New York.  Built between 1959 and 1974, the portfolio comprises five communities situated within four properties and totals 567 units with 1,000 beds.  A public, non-listed REIT was the seller. Private investor Berry Weiss acquired the portfolio for an undisclosed price.  Jason Punzel, Dave Balow and Brad Goodsell arranged the transaction. 

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Company NewsFloridaNewsPeople

AgeWell Solvere Living Appoints Rich Gordon Chief Strategy Officer 

by Hayden Spiess

NORTH PALM BEACH, Fla. — Management company AgeWell Solvere Living has appointed Rich Gordon to the role of chief strategy officer (CSO).  Gordon has been with AgeWell for three years and has more than 20 years of experience in the seniors housing sector. As CSO, he will lead the company’s long-term strategic direction and business development efforts.  “We are thrilled to provide this advancement opportunity to Rich,” says Mark Lichtenwalner, CEO of AgeWell Solvere Living.  “Over the years, he has demonstrated exceptional strategic thinking, an ability to execute on complex initiatives and …

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Northview-Housing-Development_Nashville-Tenn
Affordable HousingDevelopmentNewsTennessee

Partnership Breaks Ground on 254-Unit Workforce Housing Development for Seniors in Nashville

by Hayden Spiess

NASHVILLE, Tenn. — The Clear Blue Co., Urban Campus and Core and Born Again Church have broken ground on Northview Housing Development, a new 254-unit workforce housing development for seniors in Nashville.  Upon completion, the property will feature one- and two-bedroom units reserved for seniors earning between 40 and 80 percent of the area median income (AMI). Amenities at the community will include a fitness center, rooftop deck, walking trails and recreational space. The community will also offer job skills training, social programming and wellness management and health education resources, through …

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Assisted LivingFinanceFloridaIndependent LivingMemory CareNews

Marathon Provides $154.5M Refinancing for Senior Living Portfolio in Florida

by Hayden Spiess

NEW YORK CITY — Marathon Asset Management has provided a $154.5 million mortgage loan for the refinancing of a senior living portfolio, The American House Florida Portfolio, located in Florida. A joint venture between Monarch Alternative Capital and REDICO is the borrower.  Totaling 817 units, the portfolio comprises six communities offering 40 independent living, 306 assisted living and 102 memory care residences. The communities were built between 2015 and 2018.  According to a press release issued by New York-based Marathon, each of the properties is located in a Florida market currently …

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ArizonaAssisted LivingDevelopmentIndependent LivingMemory CareNews

Thoma-Holec to Design Five Acanthus Senior Living Communities in Metro Phoenix

by Hayden Spiess

PHOENIX — Thoma-Holec Design has been tapped to lead the interior design of five new Acanthus Senior Living developments. Each of the projects, all located throughout metro Phoenix, will be situated on a Catholic church property. The developments, which will comprise roughly 150 units each, will be located at St. Benedict Catholic Church in Ahwatukee, St. Clare of Assisi Catholic Church in Surprise, St. Raphael Catholic Church in Glendale, St. Gabriel Catholic Church in Cave Creek, and St. Joesph Catholic Church in Phoenix. Open to individuals of all faiths, the communities …

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Eastmont
FeaturesFrom The Magazine

Transforming Age Enjoys Growth Spurt

by Hayden Spiess

The nonprofit continues to leverage acquisitions, affiliations, technology and philanthropy to expand its seniors housing and aging services footprint across the country. When it comes to business names, Transforming Age aptly and succinctly describes the purpose of the nonprofit organization based in Bellevue, Washington.  Sure, the nonprofit operates 75 market rate and affordable seniors housing properties as well as 13 active adult assets in a handful of Northwest, West and Midwest markets. But housing is merely one part of its broader mission to improve the lives of older adults through …

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Mark-Myers
CaliforniaCompany NewsNewsPeople

Mark Myers Joins SVN SLA as Managing Director

by Hayden Spiess

SAN DIEGO — As of Jan. 1, Mark Myers has joined SVN Senior Living Advisors (SVN SLA) as a managing director. Myers will also serve as a member of the executive committee.  Myers joins an existing team that includes Tony Yousif, Torey Riso, Don Husi, John Klement, Joshua Salzman, Aaron Thompson, Jacob Bennema, Fabio Riso, Shelly Bird and Michael Watson. According to a press release issued by the firm, Myers specializes in large, complex transactions. He recently facilitated the sales of a 76-facility, 5,000-unit portfolio and a 400-bed portfolio.  “We’re thrilled …

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AcquisitionsAssisted LivingFinanceIndependent LivingMemory CareNewsOregon

JLL Arranges $40M Acquisition Financing for Three Seniors Housing Communities in Oregon

by Hayden Spiess

EUGENE and SPRINGFIELD, Ore. — JLL Capital Markets has arranged $40 million in acquisition financing for a portfolio comprising three seniors housing communities in Oregon. Totaling 344 units, the properties are located in Eugene and Springfield.  Built between 1996 and 2006 and renovated in 2021, the communities include Evergreen Senior Living in Eugene and Timber Pointe and Woodside Senior Living in Springfield. Together, the properties offer 43 independent living, 245 assisted living and 56 memory care residences. Amenities at the communities include on-site dining, complimentary transportation, television lounges, libraries, beauty salons …

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