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ASHA-Executive-Board
NewsPeopleWashington, D.C

ASHA Elects New Executive Committee

by Hayden Spiess

WASHINGTON, D.C. — The American Seniors Housing Association (ASHA) has elected its 2026-2027 Executive Committee.  The committee includes Chair Richard Hutchinson, CEO of Discovery Senior Living; Vice Chair Stephanie Harris, CEO of Arrow Senior Living; Treasurer James Gray, president of Bridgeport Property Group; Secretary Trever Sweeney, vice president of Ventas; Seniors Housing PAC Chair Taylor Hernandez, chief strategy officer of Senior Star; and President David Schless. Hutchinson previously served as vice chair.  ASHA’s Executive Committee serves as the central decision-making and oversight body for the organization, shaping strategy and priorities. Officers …

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Watermark-at-Morrison-Ranch_Gilbert-Ariz
AcquisitionsArizonaFinanceNews

PGIM Sells Two Phoenix-Area Communities

by Hayden Spiess

GILBERT and MESA, Ariz. — PGIM has sold two senior living communities located in metro Phoenix. The properties include The Watermark at Morrison Ranch in Gilbert and Acoya Mesa in Mesa. PGIM owned Acoya Mesa in a joint venture with the community’s original developer, Ryan Cos. US Inc.  JLL Capital Markets arranged the portfolio sale on behalf of PGIM and secured acquisition financing for the undisclosed buyer. JLL Real Estate Capital LLC, a Freddie Mac Optigo lender, will service the loan.  The Watermark at Morrison Ranch totals 115 units and was …

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FinanceNewsSkilled NursingTexas

Berkadia Secures $39.7M in Acquisition Financing for Skilled Nursing Facilities in Texas

by Hayden Spiess

FORT WORTH, Texas — Berkadia has secured $39.7 million in financing across two transactions to fund the acquisition of three skilled nursing facilities located in Texas.  The borrower is a Fort Worth-based owner and operator that previously operated the facilities on a triple-net-lease basis.  Totaling $31.4 million, the first transaction was a bridge loan for the acquisition of two of the facilities, which together comprise 246 beds. The properties include a facility in Lufkin, built in 2002, and a facility in Bellmead, constructed in 2010. The buyer has operated the facilities …

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Amy-Schectman
Company NewsMassachusettsNewsPeople

2Life Communities CEO to Retire in October

by Hayden Spiess

BRIGHTON, Mass. — 2Life Communities CEO Amy Schectman has announced plans to retire this October. Schectman, whose full title is Saul and Gitta Kurlat chief executive officer, has held the position for roughly 15 years. (The Saul & Gitta Kurlat Charitable Foundation is a long-standing supporter of 2Life Communities.) “I feel very proud of the work we’ve done at 2Life,” said Schectman in a statement. “Creating communities of loving kindness is sacred work, especially important in a society that often ignores or dismisses older adults and where elder economic insecurity is …

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Lakeside-Manor_Reno-Nev
AcquisitionsIndependent LivingNevadaNews

SLIB Arranges Sale of 84-Unit Community in Reno, Nevada

by Hayden Spiess

RENO, Nev. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Lakeside Manor in Reno. The independent living community totals 84 units within a 59,605-square-foot building.  A New Mexico-based owner and operator was the seller. A Pennsylvania-based private equity group acquired the property for an undisclosed price.  Vince Viverito and Dave Balow of SLIB brokered the transaction. 

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Marianne-Inwood_Dallas
DevelopmentNewsTexas

Harbert South Bay to Develop 294,000 SF Luxury Senior Living Community in Dallas

by Hayden Spiess

DALLAS — Harbert South Bay has announced plans to develop a new luxury senior living community, The Marianne on Inwood, in Dallas.  Upon completion, the property will total 162 units and 294,000 square feet with independent living, assisted living and memory care residences. Amenities at the community will include multiple dining venues, indoor and outdoor pools, a gym, hair salon, media lounge and golf simulator. Momentum Senior Living will act as the operator. Bozzuto Construction is serving as the general contractor for the project, and Arcadis designed the community. Completion of …

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AcquisitionsGeorgiaNews

LTC Properties Acquires Atlanta Portfolio for $108M

by Hayden Spiess

ATLANTA — LTC Properties (NYSE: LTC) has acquired a seniors housing portfolio located in Atlanta for $108 million.  The portfolio comprises roughly 400 independent living, assisted living and memory care units across three properties. Built between 2014 and 2018, the communities were 92 percent occupied at the time of acquisition.  The Arbor Co. manages the communities and will be retained by LTC as the operator.  This marks the first seniors housing operating portfolio (SHOP) acquisition for LTC this year. The REIT’s portfolio currently features approximately 190 properties throughout the U.S. 

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Company NewsNewsPeople

Discovery Senior Living Appoints Vice President of Sales

by Hayden Spiess

BONITA SPRINGS, Fla. — Discovery Senior Living has appointed a new vice president of sales. Jake Raptosh will now hold the position, reporting to Brennan Hughes, senior vice president of sales.  Raptosh most recently served as vice president of sales and marketing at Elegance Living. He has also held roles with Holiday by Atria and Holiday Retirement.  According to Discovery, Raptosh specializes in coaching teams, refining sales execution and partnering cross functionally with operations, marketing and technology teams. He has experience leading customer relationship management (CRM) and sales process enhancements, delivering …

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Ivy-Park_Arcadia-Calif
Assisted LivingCaliforniaDevelopmentMemory CareNews

O&I Development Underway on $33M Development in Greater Los Angeles

by Hayden Spiess

ARCADIA, Calif. — O&I Development is currently underway on They Ivy Arcadia, a new senior living community located in Arcadia, roughly 20 miles northeast of downtown Los Angeles.  Upon completion, the $33 million development will total 100 units of assisted living and memory care. R.D. OIson Construction is serving as the general contractor for the project. The project team also includes b.hills architecture and STUDIOSIX5. Amenities at the property will include a fitness center with specialized treatment rooms for memory care and mobility support, dining areas, a reading room, bar and …

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FinanceFloridaNewsSkilled Nursing

MonticelloAM Provides $107M Financing for Florida Skilled Nursing Portfolio

by Hayden Spiess

NEW YORK CITY — MonticelloAM has provided $107 million in financing, including a $100 million bridge loan and $7 million working capital line of credit, for a skilled nursing portfolio in Florida.  The portfolio totals 480 beds across four facilities.  “This closing demonstrates our ability to provide flexible capital solutions that meet evolving needs and foster stability for healthcare providers,” says Joseph Borenstein, head of New York City-based MonticelloAM’s healthcare bridge lending team. 

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