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Hayden Spiess

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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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Assisted LivingDevelopmentIndependent LivingMemory CareNewsRhode Island

LRT to Develop $65M Seniors Housing Campus in Providence, Rhode Island

by Hayden Spiess

PROVIDENCE, R.I. — LRT Co. has acquired 12.4 acres of land in Providence, with plans to develop a $65 million seniors housing campus at the site. The developer plans to break ground on the community, dubbed Tiffany Laurel Reserve, in summer 2025.  Upon completion, the property will total 157,000 square feet and feature 127 independent living residences and 77 assisted living and memory care units. Roughly 25 percent of the units will be reserved for low-income residents. The development will also feature 56 garage parking spaces.  LRT Co., which specializes in …

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FinanceNew YorkNewsSkilled Nursing

MonticelloAM Provides $400M Financing for 2,900-Bed Skilled Nursing Portfolio in Kentucky, Tennessee

by Hayden Spiess

NEW YORK CITY — MonticelloAM has provided a $400 million bridge loan for the financing of a skilled nursing portfolio located in Kentucky and Tennessee. Huntington National Bank served as joint lead arranger in the financing. The portfolio totals 2,900 beds across 29 facilities.  The borrower was not disclosed. 

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Company NewsIllinoisNews

Ventas, Brookdale Reach Agreement on 120-Community Master Lease

by Hayden Spiess

CHICAGO — Real estate investment trust Ventas, which has a portfolio that features more than 800 seniors housing properties, has reached a new agreement with Brookdale Senior Living regarding the communities covered by the existing master lease between the two companies.  Previously set to expire Dec. 31, 2025, the master lease applies to 120 senior living communities. Earlier this month, Brookdale expressed its intent to allow the lease to expire.  Now, Brookdale will extend its lease on 65 of the communities for a 10-year term with a 38 percent cash rent …

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AcquisitionsNewsPennsylvaniaSkilled Nursing

SLIB Brokers $11M Sale of Skilled Nursing Facility Portfolio in Metro Pittsburgh

by Hayden Spiess

PITTSBURGH, Pa. — Senior Living Investment Brokerage (SLIB) has brokered the $11 million sale of a skilled nursing facility portfolio located in Pennsylvania. Situated primarily within metro Pittsburgh, the portfolio comprises 299 beds across five properties. Originally built between 1964 and 1992, the portfolio was first marketed in fall 2023.  Ryan Saul and Toby Siefert of SLIB represented the seller, Guardian Healthcare, in the transaction. According to SLIB, Guardian Healthcare is currently in bankruptcy proceedings, and the properties had struggled financially prior to the sale.  A regional owner-operator was the buyer. 

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AcquisitionsAssisted LivingColoradoMemory CareNews

IRA Capital Acquires Seniors Housing Community in Metro Denver for $40M

by Hayden Spiess

LOVELAND, Colo. — IRA Capital has acquired Capstone at Centerra, a seniors housing community located in Loveland, for $40 million.  The community is situated within the 3,000-acre Centerra master-planned development, roughly 50 miles north of Denver.  Developed in 2023 by Hunt Midwest, the property totals 102 units, with 56 assisted living apartments and 46 memory care residences. The community was 95 percent occupied at the time of acquisition.  The property features proximity to healthcare facilities including UCHealth Medical Center of the Rockies and Banner McKee Medical Center, which are roughly one …

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