Wednesday, April 30, 2025
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Assisted Living

Assisted LivingDevelopmentMichiganNews

Spellman Brady Completes Interior Design of Anthology of Farmington Hills in Michigan

by Jeff Shaw

FARMINGTON HILLS, Mich. — Spellman Brady & Co. (SBC) has completed the interior design for the newly constructed Anthology of Farmington, a 100-unit assisted living and memory care community in Farmington Hills, a suburb of Detroit. Anthology Senior Living, a CA Ventures – Senior Living Company owns and operated the property. Spellman Brady was responsible for the selection, procurement and installation of the project’s finishes, furniture, artwork and accessories. Spellman Brady collaborated with architect Roseman and Associates and general contractor Brinkmann Constructors.

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AcquisitionsAssisted LivingNewsOhio

ESI Arranges Sale of 90-Unit Community in Ohio

by Jeff Shaw

OHIO — Evans Senior Investments (ESI) has arranged the sale of an assisted living and memory care community in Ohio. A private equity firm based on the East Coast sold the asset to Eden Senior Care, an Illinois-based owner-operator with a presence in Ohio. The price and name of the community were not disclosed. The community’s campus comprises seven separate cottages. Each cottage is made up of both assisted living and memory care units. Originally built in 1999, the seniors housing community has a total of 90 units and was …

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Assisted LivingCaliforniaDevelopmentFinanceNews

Live Oak, Locust Point Provide $28M Construction Loan for 81-Unit Community in San Diego

by Jeff Shaw

SAN DIEGO — Live Oak Bank and Locust Point Capital have provided a $28 million loan for the development of an 81-unit assisted living and memory care community in the Clairemont neighborhood of San Diego. The borrower is a partnership between RhodesMoore and Frontier Management. The urban infill development will consist of a 73,000 square foot building and parking deck situated on 1.5 acres. Frontier will be the operator upon completion.

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AcquisitionsAssisted LivingMichiganNews

Blueprint Arranges Operator Purchase of Four Comfort Care Communities in Michigan

by Jeff Shaw

DETROIT — Blueprint Healthcare Real Estate Advisors has arranged the sale of four communities in the Detroit and Saginaw metro areas. The buyer, Comfort Care Senior Living, is the operator of the properties. The seller was the former REIT landlord. The four communities total approximately 236 assisted living and memory care units with vintages ranging from 2013 to 2019. Consolidated with its REIT partner across multiple transactions, these communities constituted approximately a quarter of Comfort Care’s portfolio across the state. The communities exhibited strong performance trends pre-COVID, but faced occupancy …

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Assisted LivingCaliforniaDevelopmentFinanceNews

Bayview Closes $11.5M C-PACE Financing for New Project in Southern California

by Jeff Shaw

SOUTHERN CALIFORNIA — Bayview PACE, a division of Silver Hill Funding, has arranged $11.5 million in C-PACE financing for the construction of a senior living community in Southern California. The development is 77,200 square feet and consists of 107 units of assisted living and memory care. The financing will support energy-efficient improvements including HVAC, lighting and windows, as well as seismic strengthening projects. MD Energy served as the PACE developer for the project. The borrower is a privately owned real estate development firm. Further details on the property were not …

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AcquisitionsAssisted LivingMarylandNewsNorth CarolinaVirginia

Foundry Commercial Buys 24-Property Spring Arbor Senior Living Portfolio in Mid-Atlantic

by Jeff Shaw

ORLANDO — Foundry Commercial, in partnership with an investment fund managed by Morgan Stanley Real Estate Investing, has purchased the Spring Arbor Senior Living collection of 24 assisted living and memory care communities across the Mid-Atlantic. As part of the transaction, Foundry Commercial acquired the current operator, which will continue to manage the properties post-closing. The portfolio contains 1,424 units throughout Maryland, North Carolina and Virginia, with capacity for more than 1,800 residents. The Spring Arbor platform will continue operations under the Spring Arbor Senior Living brand. Capital Funding arranged …

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Assisted LivingDevelopmentNewsTexas

Anthology Plans Two Communities Totaling 251 Units in Austin, Dallas

by Jeff Shaw

DALLAS and AUSTIN, Texas — Anthology Senior Living has released plans for two new senior living communities in Austin and Dallas that include a total of 251 residences. Once these projects are complete, Anthology Senior Living will have a total of six communities in the state of Texas. Anthology of The Arboretum, located on 2.1 acres in Austin, will offer assisted living and memory care options. The 131,000-square-foot development is located between The Arboretum and The Domain, two major retail centers including many high-end shops and restaurants. The five-story building …

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Assisted LivingCaliforniaDevelopmentNews

Oakmont Prepares to Open Two New Communities in California

by Jeff Shaw

COVINA and MOORPARK, Calif. — Oakmont Senior Living has opened model homes at its Moorpark and Covina locations in anticipation of completion this summer. The studio, one-bedroom and two-bedroom model apartment homes will allow guests to take tours and get a first-hand glimpse into the upcoming communities. The communities offer assisted living and memory care units. The numbers of units at each were not disclosed.

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Assisted LivingFinanceNewsNorth Carolina

LTC Provides $36M Refinancing for Four Communities in North Carolina

by Jeff Shaw

WESTLAKE VILLAGE, Calif. — LTC Properties Inc. (NYSE: LTC), a Westlake Village-based REIT that primarily invests in seniors housing and health care properties, has made a $36 million investment for the refinancing of debt on four assisted living communities and a land parcel. The four assisted living communities located in North Carolina have a combined total of 217 units and are operated by an existing LTC partner. The communities are newly constructed with an average age of under four years. The land parcel includes approximately 7.6 acres adjacent to one …

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AcquisitionsActive AdultAffordable HousingAssisted LivingCCRCDevelopmentIndependent LivingIndustry ContentInvestmentMemory CareOperationsVideosWebinars

Webinar: Inflation and Rising Interest Rates – Doom or Boom for the Seniors Housing Industry?

by Sarah Daniels

  Seniors housing valuations — what can the industry expect in terms of future occupancy, inflation and interest rates? These were the most pressing topics of the “Inflation and Rising Interest Rates — Doom or Boom for the Seniors Housing Industry?” webinar, hosted by Seniors Housing Business and sponsored by V&IG. Hear how expert panelists are accounting for some of the most challenging questions in today’s market: What is driving investment in this space? How have return expectations changed since the beginning of the pandemic? How are increasing interest rates and/or inflation impacting …

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