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AcquisitionsCompany NewsNews

Sonida to Acquire CNL Healthcare Properties for $1.8B

by Hayden Spiess

DALLAS — Owner and operator Sonida Senior Living Inc. (NYSE: SNDA) has entered into a definitive merger agreement to acquire CNL Healthcare Properties (CHP), a non-traded public REIT, in a deal valued at $1.8 billion.  Upon completion of the merger, the combined company will be the eighth-largest senior living owner, with a portfolio of 153 independent living, assisted living and memory care communities and enterprise value of $3 billion. CHP ranked as the 22nd-largest owner in the 2025 edition of the ASHA 50, which is based on figures from June 1, and Sonida ranked …

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AcquisitionsCompany NewsNewsOhio

Welltower Announces Seniors Housing Transactions Totaling $23B 

by Hayden Spiess

TOLEDO, Ohio — Welltower has announced, as part of its third quarter 2025 results, $23 billion in previously undisclosed seniors housing transactions completed or under contract this year as of Oct. 27, as part of its increased focus on the sector.  The figure includes $14 billion of pro rata gross investments, primarily in the form of senior living community acquisitions in the U.S. and the U.K.  Welltower expects the percentage of its net operating income derived from seniors housing business to increase to more than 80 percent following the completion of …

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Company NewsFinanceNews

Berkadia Expands Bridge Financing Program

by Hayden Spiess

NEW YORK CITY — Berkadia has expanded the capital available for bridge-to-permanent financing through its seniors housing & healthcare platform. Steve Ervin, Michael Cale and Lisa Burgess of Berkadia facilitated the expansion. The capital available for the bridge financing of seniors housing communities has been more than doubled.  “There is significant demand for bridge financing products in the seniors housing and healthcare space,” said Burgess in a statement. “The increased capital available for bridge loans is a crucial addition to our expanding range of capital products, which we have been developing …

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Company NewsFloridaNewsOperations

Discovery Launches Senior Living Brand Calligraphy

by Hayden Spiess

BONITA SPRINGS, Fla. — Seniors housing operator Discovery Senior Living has launched Calligraphy, its new operational brand.  Two communities have opened under the Calligraphy brand — Calligraphy Westwood Village and Calligraphy Napa Valley, which are located in Los Angeles and Napa, California, respectively. Discovery also plans to expand the Calligraphy portfolio though 2026 and beyond.  As a brand, Calligraphy is inspired by high-end hotel hospitality and defined by intentional design, curated lifestyle programming and a focus on elegance. Signature services under Calligraphy include Savour Cuisine, which offers elevated culinary experiences; VivaLife …

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Company NewsGeorgiaNewsOperations

Galerie Living Expands into Third-Party Management

by Hayden Spiess

ATLANTA — Galerie Management, the operational arm of Galerie Living, has assumed operation of a senior living community located in Marietta, Georgia, marking the company’s expansion into third-party management. Galerie Living is an Atlanta-based senior living developer, owner and operator.  Galerie Management will now operate Village Park West Cobb on behalf of the community’s ownership.  Led by Joshua Peterson, president of Galerie Management, Galerie’s operational team recently added John Cashion as corporate director of hospitality and Roz Watson as vice president of clinical operations. 

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Meadowood-Senior-Living_Bloomington
AcquisitionsCompany NewsMissouriNewsOperations

Tutera Adds 26 Communities to Management Portfolio 

by Hayden Spiess

KANSAS CITY, Mo. — Tutera Senior Living & Health Care has announced the addition of 26 seniors housing communities to its management portfolio.  The expansion included the acquisition of eight properties from AlerisLife and Diversified Healthcare Trust (DHC). Tutera will manage the additional 18 communities on behalf of DHC. Tutera plans to complete the transition of the communities by the end of this year. With this expansion, Tutera’s management portfolio now includes 66 senior living communities totaling 5,422 units. Average occupancy at seniors housing properties managed by Tutera is currently 95 …

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Brett Leon
ArizonaCompany NewsDevelopmentNewsPeople

Watermark Names Brett Leon Senior Vice President of Development 

by Hayden Spiess

TUCSON, Ariz. — Watermark Retirement Communities has named Brett Leon senior vice president of development.  Leon brings 22 years of real estate development leadership to the position, including roughly a decade of specializing in senior living with developer Alliance Residential. Leon worked with Arizona-based Watermark during his time at Alliance Residential, with Watermark managing nine Alliance communities during his tenure.  “Brett’s expertise and proven vision for senior living development will be instrumental as we expand our portfolio,” said Watermark CEO Paul Boethel in a statement.  Watermark was named the 28th largest …

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Nick-Stengle
Company NewsNewsPeople

Brookdale Senior Living, Largest U.S. Seniors Housing Operator, Names Nick Stengle as CEO 

by Hayden Spiess

BRENTWOOD, Tenn. —Brookdale Senior Living Inc. (NYSE: BKD), the country’s largest seniors housing operator, has named Nick Stengle as its new chief executive officer. Stengle assumed the role, as well as joined the Brookdale board of directors, on Oct. 6.  Denise Warren, who has served as interim CEO beginning in April of this year following the departure of president and CEO Lucinda “Cindy” Baier, will step down and reassume her role as non-executive chairman of the board.  According to Brookdale, Stengle’s selection was the result of a comprehensive search led by …

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Company NewsNew YorkNewsTechnology

Senior Living Technology Company Inspiren Raises $100M in Series B Funding 

by Hayden Spiess

NEW YORK CITY — Inspiren, an AI-focused senior living technology company, has raised $100 million in Series B funding. Software investor Insight Partners led the financing, with participation from Avenir, Primary Venture Partners, Scale Venture Partners, Story Ventures and Studio VC. This new Series B funding brings Inspiren’s total funding to $155 million.  In March, the company launched an AI-powered platform combining solutions for resident safety, care planning, staffing and emergency response. Inspiren also recently implemented improvements to its Inspiren HQ web-based platform, which allows seniors housing communities to monitor health …

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CaliforniaCompany NewsNewsOperations

Gallaher Cos. Launches Gallaher Signature Living

by Hayden Spiess

WINDSOR, Calif. — Gallaher Cos. has announced the launch of Gallaher Signature Living (GSL), a new management company that will oversee operations for Gallaher’s portfolio of luxury senior living communities across California. According to the organization, GSL will allow for continuity, expanded resources and a greater focus on quality, service and enrichment.  Page Ensor will lead GSL as chief executive officer. Ensor brings more than 25 years of experience in senior living leadership to the role. During her tenure with Brookdale Senior Living, Ensor led the oversight of 70 communities across …

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