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Messiah-Village_Mechanicsburg-Pa
DevelopmentFinanceNewsPennsylvania

Ziegler Provides $82.3M Bond Financing for CCRC in Southern Pennsylvania

by Hayden Spiess

MECHANICSBURG, Pa. — Ziegler has provided $82.2 million in bond financing to borrower Messiah Lifeways, a Pennsylvania-based nonprofit that owns and operates Messiah Village, a continuing care retirement community (CCRC) in Mechanicsburg.  Messiah Village serves more than 700 residents on an 85-acre campus, which it has occupied since 1978. The community was originally founded in 1896. In addition to 375 independent living units, 88 personal care units and 76 memory care units, the property features 100 skilled nursing beds and 18 skilled nursing memory support beds.  Proceeds from the bonds will …

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The-Sheridan-at-Eastside_Snellville-Ga
FinanceGeorgiaIllinoisNews

Two Senior Lifestyle Communities Undergo Recapitalization

by Hayden Spiess

NORTHBROOK, Ill. and SNELLVILLE, Ga. — Two Senior Lifestyle communities have undergone recapitalization. Senior Lifestyle was the original developer of the communities, which the company continues to operate on behalf of the current ownership.  The communities include North Shore Place in Northbrook, Illinois, and The Sheridan at Eastside in Snellville, Georgia.  North Shore Place was originally opened in 2014 with 156 units. Currently, the property comprises 188 assisted living and memory care residences.  The Sheridan at Eastside totals 214 units situated on a 15-acre campus. Opened in 2019, the community features …

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Oberon-House_Arvada-Colo
AcquisitionsColoradoNews

SLIB Arranges Sale of 60-Unit Community in Metro Denver

by Hayden Spiess

ARVADA, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Oberon House, a senior living community located in Arvada, roughly 10 miles northwest of downtown Denver.  A Colorado-based owner and operator sold the property, which totals 60 units within a 47,217-square-foot building. The Oberon House was the seller’s only senior living property, and they sold the community in order to retire.  Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of SLIB brokered the transaction on behalf of the seller. 

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Company NewsNewsOregonPeople

Pacific Retirement Services Names New CEO

by Hayden Spiess

MEDFORD, Ore. — Pacific Retirement Services (PRS) has named Sloan Bentley president and CEO. Bentley will assume the role following the closing of a financial restructuring for her current employer.  With more than 40 years of professional experience in the senior living sector, Bentley most recently served as president and CEO of Lutheran Life Communities, which she joined in 2020. Bentley also cofounded Seniority Inc., a wholly owned subsidiary of American Baptist Homes of the West, and served as president and CEO of Lifespace Communities for five years.  “Sloan is a …

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AcquisitionsFinanceNewsSkilled NursingSouth Carolina

MonticelloAM Provides $21.8M Acquisition Financing for Two Skilled Nursing Facilities in South Carolina

by Hayden Spiess

NEW YORK CITY — MonticelloAM, with firm affiliates, has provided $21.8 million in financing for two-facility skilled nursing portfolio located in South Carolina.  The financing includes a $19.3 million bridge loan and $2.5 million in working capital. The undisclosed borrower will use the funds to acquire the two properties, which comprise more than 260 licensed beds.  “This financing solution underscores our ability to provide essential liquidity that supports operational needs and workforce priorities,” says Kim Gordon, head of the working capital group at New York City-based MonticelloAM. “This flexibility enables skilled …

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Carillon-Belleview-Station_Denver
AcquisitionsColoradoNews

MGL Partners Sells Denver Community for $96M

by Hayden Spiess

DENVER — Developer MGL Partners has sold a luxury senior living community located in Denver for $96 million as part of a portfolio disposition. An undisclosed institutional buyer acquired the property.  Delivered in 2018, the property — Carillon at Belleview Station — features 156 independent living, assisted living and memory care residences. Amenities at the community include a commercial kitchen and restaurant-style dining, a bistro, spa and wellness spaces.  “Carillon has consistently performed at a high level, supported by strong demographics and a location that continues to mature as one of …

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Clearwater-North-Tustin_North-Tustin-Calif
AcquisitionsAssisted LivingCaliforniaMemory CareNews

Broadview Real Estate Partners Sells 100-Unit Community in Metro Los Angeles

by Hayden Spiess

NORTH TUSTIN, Calif. — Broadview Real Estate Partners has sold Clearwater at North Tustin, a 100-unit seniors housing community located in North Tustin, approximately 35 miles southeast of downtown Los Angeles. Health Wave Partners acquired the property for an undisclosed price.  Built in 2021, Clearwater at North Tustin comprises two acuity-specific, single-story buildings with assisted living and memory care residences. Amenities at the community include an outdoor amphitheater, music garden, salon and spa, art studio, wellness center, dog park and four courtyards.  Aaron Rosenzweig and Dan Baker of JLL Capital Markets …

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DevelopmentFinanceNew JerseyNews

Live Well Senior Living Secures $45.6M Development Financing for Project in New Jersey

by Hayden Spiess

VINELAND, N.J. — Live Well Senior Living Inc. has secured $45.6 million in bonds to finance the development of a new senior living community in Vineland, roughly 40 miles south of Philadelphia. Ziegler arranged and underwrote the financing.  Upon completion, Live Well Cottages at Vineland will total 130 units.  Distinctive Living will manage and operate the community. “Live Well Cottages addresses one of the most pressing challenges in senior housing today — affordability without sacrificing quality or choice,” says Joe Jedlowski, founder and CEO of Distinctive Living. “The cottage and pocket-neighborhood …

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Affordable HousingNewsTexas

Dominium Extends Affordable Housing Status of 220-Unit Community in Fort Worth

by Hayden Spiess

FORT WORTH, Texas — Dominium has extended the affordability status of Cobblestone Mano, a 220-unit senior living community located in Fort Worth. Dominium also announced plans to undertake a $9.8 million renovation at the property.  Dominium acquired the community, which was originally constructed in 2007 with financing from the 4 percent low-income housing tax credit (LIHTC) program, in 2011.  Planned improvements at the property include upgrades to building exteriors and apartment interiors, as well as enhancements of the clubhouse, outdoor amenity spaces, landscaping and other shared spaces. In addition to the …

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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 Bridgewood Property Co.; 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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