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AcquisitionsAssisted LivingFloridaGeorgiaMemory CareNews

Foundry Acquires Five Communities in Georgia, Florida

by Hayden Spiess

ORLANDO, Fla. — Foundry Commercial has acquired five communities located in Georgia and Florida.  Totaling 320 units, the portfolio comprises two communities in Warner Robins and Boynton Ridge, Georgia — purchased in October 2025 — and three communities in Florida, which were acquired in February 2026. The Florida properties are located in Jacksonville, Titusville and Plant City.  Each of the communities will be operated by Allegro Living Management under the Alto brand. Of the units, 220 are assisted living residences, and 100 are memory care units.  “These newer vintage assets, with …

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Development Panel_Seniors Housing West 2026
DevelopmentFeaturesNews

Today’s Development Climate Isn’t Unique in History, Says InterFace Panel

by Hayden Spiess

By Matt Valley Similarities exist between today’s challenging development environment and what transpired during the Great Recession (2007 to 2009) and its aftermath, says Bill Pettit, managing partner of Black Dog Capital Advisors, a Seattle-based consulting firm specializing in seniors housing.  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. When the Great Recession hit, Pettit was in the midst of a more than 30-year run as president of …

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AcquisitionsAlabamaArizonaColoradoFinanceNewsSkilled Nursing

CFG Provides $51.2M Acquisition Financing for Skilled Nursing Facilities

by Hayden Spiess

BALTIMORE — Capital Funding Group (CFG) has provided $51.2 million in financing for the acquisition of four skilled nursing facilities.  Totaling 487 beds, the properties are located in Alabama, Arizona and Colorado.  Andrew Jones and Ava Julio of CFG originated the bridge-loan transaction.  “Every bridge loan we structure for an acquisition starts with the end in mind,” says Tim Eberhardt, executive vice president of bridge, HUD and agency at CFG Bank. “We build a clear path to HUD permanent financing from day one — so that as the borrower’s business grows …

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Assisted-Living-Portfolio
Assisted LivingFinanceNewsOhioPennsylvania

Berkadia Arranges $114.4M Refinancing for Assisted Living Portfolio in Ohio, Pennsylvania

by Hayden Spiess

NEW YORK CITY — Berkadia has arranged $114.4 million in refinancing for an assisted living portfolio located in Ohio and Pennsylvania. A joint venture between New Perspective Senior Living and an undisclosed seniors housing owner was the borrower.  Totaling 580 units, the portfolio is located in metro Cleveland and western Pennsylvania. As of January 2025, occupancy throughout the portfolio was 86 percent. The joint venture acquired the portfolio in 2022.  Bloomfield Capital Partners provided the financing, which includes a two-year, interest-only bridge loan. Steve Muth, Garrett Sacco, Austin Sacco and Alec …

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DevelopmentIllinoisIndependent LivingNews

Presbyterian Living Underway on 172,000 SF Expansion at Community in Metro Chicago

by Hayden Spiess

ARLINGTON HEIGHTS, Ill. — Presbyterian Living is underway on an expansion project at its campus in Arlington Heights, roughly 25 miles northwest of downtown Chicago.  Upon completion, the 172,000-square-foot expansion will add 70 independent living apartments to The Moorings of Arlington Heights. Designed by Perkins Eastman, the new residences will range from 1,050 to 1,900 square feet, with one- and two-bedroom floorplans.  New amenities featured in the expansion will include walking paths, a larger pond, sitting area and outdoor space.  Skender is serving as the general contractor for the project, which …

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AcquisitionsAssisted LivingFinanceNewsTexas

Helios Arranges Acquisition Financing for 25-Unit Assisted Living Community in Texas

by Hayden Spiess

MARBLE FALLS, Texas — Helios Healthcare Advisors has arranged acquisition financing for an assisted living community located in Marble Falls, roughly 50 miles northwest of Austin. Marble Falls Assisted Living totals 25 units. According to Helios, the community was underperforming at the time of financing.  An Arkansas-based bank provided the financing. Bill Janis, Justin Valle and Cullen Nguyen of Helios secured and structured the financing, which features a 100 percent loan-to-cost ratio, on behalf of the borrower.  “Financing terms this favorable were available in large part due to the bank’s smaller …

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NewsPeopleWashington, D.C

ASHA President David Schless Receives Alzheimer’s Association Lifetime Achievement Award

by Hayden Spiess

WASHINGTON, D.C. — David Schless, president of the American Seniors Housing Association (ASHA), has received the Lifetime Achievement Award from the Alzheimer’s Association.  Schless will be honored at the association’s 2026 Vision Gala on May 8 in Washington, D.C. at the Grand Hyatt Washington hotel. The gala is being hosted by the National Capital Area chapter of the association.  “Dave has been a longtime supporter of the Alzheimer’s Association, a steadfast champion of our cause, and an advocate for people and families facing Alzheimer’s and dementia,” says Joanne Pike, president and …

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Active AdultColoradoDevelopmentNews

United Properties Breaks Ground on 154-Unit Active Adult Community in Denver

by Hayden Spiess

DENVER — United Properties has broken ground on a new active adult community, Amira Lowry, in the Denver neighborhood of Lowry.  Upon completion, the property will total 154 units reserved for adults age 55 and older. Residences will include studio, one- and two-bedroom apartments.  Great Lakes Management will operate Amira Lowry.  Construction of the project is being led by Weis Builders. A development timeline was not disclosed. Plans for the site also include a future, second phase with villa-style active adult homes.  Owned by Pohlad Cos., United Properties specializes in ground-up …

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Company NewsNew YorkNewsPeople

Lument Adds Alex Florea, Kevin Lukehart to Support Seniors Housing Expansion

by Hayden Spiess

NEW YORK CITY — Lument has hired Alex Florea and Kevin Lukehart to support the firms expansion of its real estate investment sales platform into the seniors housing sector.  Florea will serve as managing director and Lukehart will assume the role of director. Florea will lead the seniors housing team, working closely with John Sebree, head of real estate investment sales, and Aaron Becker, head of seniors housing and healthcare debt production.  Prior to joining Lument, Florea worked at Blueprint HCRE, most recently as managing director. In that role, he brokered …

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Assisted LivingFloridaIndependent LivingMemory CareNewsOperations

American House Assumes Management of 218-Community in Fort Myers

by Hayden Spiess

FORT MYERS, Fla. — American House Senior Living Communities has assumed the management of The Palms of Fort Myers, a seniors housing community located in Fort Myers. American House now operates 14 Ventas-owned properties. The community, which totals 218 units, will be rebranded as American House The Palms. Residences at the property include 148 independent living units, 47 assisted living units and 23 memory care apartments. Amenities at American House The Palms include a bar and cocktail lounge, chapel, covered parking, a library, movie theater and outdoor pool.  “Florida continues to …

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