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With High Construction Costs Dampening Development, Value-Add Deals Offer Investment Alternative, Says InterFace Panel

by Hayden Spiess

By Matt Valley PHILADELPHIA — With new development in the seniors housing and care space slowed to a trickle despite strong market fundamentals and pent-up demand, what will it take for the dam to break and release a wave of new construction? Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. The short answer is that there is no silver bullet. There are several financial, operational and market factors that …

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AcquisitionsAssisted LivingMemory CareNewsOregon

Harrison Street Acquires 87-Unit Assisted Living, Memory Community in Portland, Oregon

by Hayden Spiess

PORTLAND, Ore. — Harrison Street has acquired Morningstar at Happy Valley, an 87-unit assisted living and memory care community located in Portland.  Built in 2019, the property features 61 assisted living units and 26 private memory care units. Moving forward, the community will be rebranded as The Springs at Sunnyside, and The Springs Living will operate the property.  Amenities at the community include a 24-hour bistro, chapel, theater, library, general store, massage room, courtyards, a barbecue and fire pit, beauty salon, fitness room and raised garden beds.  Jay Wagner, Rick Swartz, …

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Active AdultDevelopmentFloridaNews

United Group Begins Construction on 152-Unit Active Adult Community in Orlando Metro

by Hayden Spiess

WINTER PARK, Fla. — The United Group of Cos. has begun construction on Terracotta Terrace, an active adult community in Winter Park, roughly 6 miles northeast of Orlando.  Upon completion, the property will total 152 units reserved for residents age 55 and older. Residences will include one- and two-bedroom apartments, as well as penthouses. Additionally, the community will feature 12,000 square feet of amenity space. Amenities will include a pool, outdoor bar and kitchen, dog park, bocce ball, shuffleboard courts, fire pits, cabanas, a great room, café and bar area, movie …

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Dan-Williams
NewsOperations

OneLife Senior Living CEO Publishes Guide to Transforming Struggling Communities

by Hayden Spiess

DENVER — Dan Williams, founder and CEO of OneLife Senior Living, has published The Turnaround Blueprint: Transforming Senior Living Communities from Struggling to Spectacular.  Published by SLL Press, the book is intended to serve as a guide for seniors housing operators managing distressed communities. Within the book, the community transformation process is organized into five phases: Understanding the Crisis, Assessment & Emergency Response, Strategic Recovery Planning, Implementation & Execution and Sustainable Growth.  Williams, who has 25 years of experience in the senior living industry, describes The Turnaround Blueprint as the book that he wishes …

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AcquisitionsNewsNorth Carolina

NIC MAP Identifies Top Markets of 2025 for Seniors Housing Transactions

by Hayden Spiess

RALEIGH, N.C. — NIC MAP, the data platform of the National Investment Center for Seniors Housing & Care, has released its list of the top markets for seniors housing transactions of 2025. The list is based on data from the first three quarters of this year.  According to NIC MAO, the top ten metros for seniors housing investments included, in order, New York City; Phoenix; Miami;  Dallas; Minneapolis; Seattle; Milwaukee; Houston; Nashville, Tennessee; and Boston. The New York City metro saw $766 million in transaction volume, with 13 properties sold. Phoenix and …

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AcquisitionsAssisted LivingGeorgiaMemory CareNews

Berkadia Arranges Sale of 73-Unit Assisted Living, Memory Care Community in Metro Atlanta

by Hayden Spiess

DECATUR, Ga. — Berkadia has arranged the sale of Benton House Decatur, an assisted living and memory care community located in Decatur, approximately 10 miles northeast of downtown Atlanta. Principal Senior Living Group — a Georgia-based developer, owner and operator — sold the community to an undisclosed buyer.  The community was fully occupied at the time of sale.  Moving forward, the property, which totals 73 units, will be rebranded as The Retreat at Decatur. Phoenix Senior Living will operate the community on behalf of the new ownership.  Ross Sanders, Dave Fasano, Cody …

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Assisted LivingDevelopmentFinanceMemory CareNewsOregon

PLG Provides $25.6M C-PACE Financing for Seniors Housing Development in Oregon

by Hayden Spiess

TIGARD, Ore. — PACE Loan Group (PLG) has provided $25.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for a seniors housing development currently underway in Tigard, roughly 10 miles outside downtown Portland. Mosaic is the developer and borrower.  Construction on the community, Cedarbrook Senior Living, began this year. Upon completion, which is scheduled for early 2028, the development will feature one four-story building with 107 assisted living units and 64 memory care beds.  PLG worked with Countryman Capital Partners to orchestrate the development’s capital stack. Financing for the project …

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DevelopmentNevadaNews

Investcor Plans 244-Unit Luxury Senior Living Project Near Las Vegas

by Hayden Spiess

HENDERSON, Nev. — Investcor has announced plans for a new, 244-unit luxury senior living project in Henderson, a city located roughly 15 miles southeast of Las Vegas. The City of Henderson is currently reviewing the project plans.  Upon completion, the community, dubbed Valara, will feature independent living, assisted living and memory care residences within one building. Valara will be situated adjacent to a Whole Foods within The District at Green Valley Ranch, a mixed-use development. Planned amenities at the community include a tearoom, whiskey lounge, multiple restaurants and private dining rooms, …

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AcquisitionsAssisted LivingKansasNews

Midwest Health Acquires 15-Property Assisted Living Portfolio in Kansas

by Hayden Spiess

TOPEKA, Kan. — Senior living provider Midwest Health Inc. has completed the acquisition of an assisted living portfolio totaling 15 properties in Kansas.  Together, the newly acquired properties total roughly 600 units. The communities are located in Atchison, Baldwin City, Gardner, Hiawatha, Holton, Lenexa, Louisburg, Osage City, Osawatomie, Ottawa, Overland Park, Paola, Tonganoxie, Wamego and Wichita. Previously operated under the Vintage Park brand, the communities will now operate under the Homestead Assisted Living banner.  Founded in 1977, Midwest Health is based in Topeka with a portfolio of more than 100 properties …

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AcquisitionsFloridaIndependent LivingNews

Berkadia Brokers Sale of 94-Unit Independent Living Community Near Destin, Florida

by Hayden Spiess

NICEVILLE, Fla. — Berkadia has brokered the sale of American House Bluewater Bay, a 94-unit independent living community located in Niceville, roughly 10 miles northeast of Destin. Built in 2-15, the community was more than 95 percent occupied at the time of sale.  Michigan-based real estate development and investment company REDICO sold the property. American House, the senior living operator affiliate of REDICO, will continue to operate the community on behalf of the new ownership. 

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