Saturday, October 18, 2025
Read the Magazine Subscribe
Author

Lynn Peisner

Kurt-Read-RSF-Partners
FeaturesNews

NIC Panel Shares Lessons Learned Over Past 30 Years, Pitfalls to Avoid

by Lynn Peisner

AUSTIN, Texas — It’s often been said that those who ignore history are frequently condemned to repeat it, cautions Bob Kramer, founder and former CEO of the National Investment for Seniors Housing & Care (NIC). “By looking back at the past 30 years of growth in our industry, we’re presenting to you today six lessons learned from both the successes — they’ve been notable — and the mistakes and failures so that hopefully we can all be wiser in the next growth cycle,” emphasized Kramer during a lively panel session …

Continue Reading
0 FacebookTwitterLinkedinEmail
Woodland-Cottages
DevelopmentNewsOperationsTexas

Carbon Shepherd Prepares to Open Woodland Cottages Westover Hills

by Lynn Peisner

SAN ANTONIO — Carbon Shepherd Development, a partnership between two commercial real estate firms, is preparing to welcome residents to Woodland Cottages Westover Hills, a gated active adult retirement community with single-family residences in San Antonio. The 78-cottage community officially opens later this month and features a community center and pool as well as an outdoor pickleball court. An all-inclusive monthly rate includes utilities, Wi-Fi, trash service, pest control and maintenance. This is the third Woodland Cottages location; Carbon Shepherd has others in Belton and College Station, Texas.

Continue Reading
0 FacebookTwitterLinkedinEmail
Forest-Glen-Titusville
Affordable HousingDevelopmentFloridaNews

Housing Trust Group, HFH Supportive Housing Plan 80-Unit Affordable Seniors Community in Titusville, Florida

by Lynn Peisner

TITUSVILLE, Fla. — Housing Trust Group (HTG) has secured financing and began construction on Forest Glen, an. 80-unit, $28 million affordable seniors housing community in Titusville. The project is HTG’s second in Titusville and third development built in partnership with HFH Supportive Housing, a nonprofit dedicated to providing affordable housing and support services in Brevard County. Forest Glen will have 72 one-bedroom units and eight two-bedroom units with rents ranging from $750 to $1,350 per month for income qualifying residents who earn at or below 40 percent and 60 percent …

Continue Reading
0 FacebookTwitterLinkedinEmail
Sunset-Haven-Brownsville
Affordable HousingNewsTexas

Hunt Capital Partners Transfers Ownership of LIHTC Property to City of Brownsville

by Lynn Peisner

BROWNSVILLE, Texas — Hunt Capital Partners has transferred its interests in Sunset Haven Apartments, a 100-unit affordable housing community in Brownsville, to the Brownsville Housing Management Corp. (BHMC), an affiliate of the Housing Authority of the City of Brownsville (HACB). Since its development in 2008, Sunset Haven has served seniors earning up to 30 and 60 percent of area median income (AMI). HACB’s goal is to acquire full ownership of the tax credit properties within city limits. Once a compliance period is reached, transference of ownership to a city or …

Continue Reading
0 FacebookTwitterLinkedinEmail
Hawthorne-Heights
Affordable HousingDevelopmentFinanceFloridaKeyBankNews

National CORE Secures Funding for Affordable Community in Gainesville, Florida

by Lynn Peisner

GAINESVILLE, Fla. — KeyBank Community Development Lending and Investment has provided a $13 million construction loan to National CORE, a nonprofit developer, to finance Hawthorne Heights, an 86-unit affordable seniors housing project in Gainesville. KeyBank Commercial Mortgage Group also arranged a $6.5 million Freddie Mac permanent loan for the project.  Hawthorne Heights will serve seniors aged 62 and older with five units specifically set aside for individuals with special needs. The five-story building will be constructed on a 3-acre site, and, in addition to the special-needs units, will offer three …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsCaliforniaNews

Northmarq Sells Southern California Seniors Housing Portfolio

by Lynn Peisner

LOS ANGELES — Northmarq’s West Village and Los Angeles investment sales teams have completed the sale of a three-property portfolio totaling 579 units in Los Angeles and Orange counties. Included in the sale were The Piedmont, a 198-unit mixed-income luxury seniors community in the North Hollywood neighborhood of Los Angeles and Burbank Senior Artists’ Colony, a 141-unit property in Burbank. The Piedmont sold for $45 million, while Burbank Seniors Artists’ Colony sold for $31.5 million. The price of the third property, Coventry Court in the Orange County community of Tustin, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bird-Chris-LCS
CCRCCompany NewsIllinoisIowaNews

LCS Expands CCRC Portfolio Through Strategic Merger With Vi

by Lynn Peisner

DES MOINES and CHICAGO — LCS, the third largest U.S. seniors housing operator, has entered into a strategic merger agreement to acquire Vi, an operator of 10 luxury continuing care retirement communities (CCRCs) across the country. Headquartered in Chicago, Vi is a hospitality-inspired senior living company with over 3,000 employees serving more than 4,000 residents. Vi’s CCRCs are located in six states: Arizona, California, Colorado, Florida, Illinois and South Carolina. The company was founded in 1987 as Classic Residence by Hyatt by Penny Pritzker and rebranded as Vi in 2010. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsMassachusettsNews

AlerisLife to Exit 116 Diversified Healthcare Trust Management Agreements, Sell All Assets

by Lynn Peisner

NEWTON, Mass. — Diversified Healthcare Trust (Nasdaq: DHC) has entered into agreements with AlerisLife Inc. and seven different operators to transition the management of 116 of DHC’s senior living communities managed by Five Star Senior Living, the operating division of AlerisLife. The transition of these management agreements will occur in tranches beginning this month (September) and is expected to be completed by year’s end. AlerisLife is also selling all its assets, including its 17 owned communities, and expects to complete a full wind-down of its business and operations in the …

Continue Reading
0 FacebookTwitterLinkedinEmail