News

Horizon House Secures $600M Financing for Development Project at Seattle Campus

by Hayden Spiess November 25, 2025

SEATTLE — Nonprofit organization Horizon House has secured bond financing for a development project at its senior living campus in the First Hill neighborhood of Seattle. Ziegler arranged the financing, completing the successful pricing of Horizon House’s $600 million Series 2025AB bonds through the Washington State Housing Finance Commission. The bonds are scheduled to close in December. The existing senior living campus currently features 377 independent living apartments and 90 assisted living and memory care residences. The bonds will be used to fund a new, 33-story tower at the property, dubbed …

November 25, 2025

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Affordable Housing Development Illinois News

Evergreen Real Estate Group Tops Off 80-Unit Affordable Development in Metro Chicago

by Hayden Spiess November 25, 2025

FRANKLIN PARK, Ill. — Evergreen Real Estate Group has topped off Leyden Senior Apartments, an 80-unit independent living development currently underway in Franklin Park, a western suburb of Chicago. Designed by Weese Langley Klein Architects, Leyden Senior Apartments will feature 72 one-bedroom and eight two-bedroom residences. Units will be reserved for seniors age 62 or older earning at or below 60 percent of the area median income. Pre-leasing is scheduled to begin in spring 2026, with delivery planned for that summer. F.H. Paschen is serving as the project’s general contractor. Amenities …

November 25, 2025

Assisted Living California Finance News Skilled Nursing

Helios Arranges Refinancing for 165-Bed Skilled Nursing, Assisted Living Portfolio in Southern California

by Hayden Spiess November 25, 2025

FILLMORE and SAN BERNADINO, Calif. — Helios Healthcare Advisors has arranged the refinancing of a two-property portfolio in California. EVA Care Group was the borrower. The portfolio totals 165 beds across a skilled nursing facility in San Bernardino and an assisted living community in Fillmore. According to Helios, both properties were previously mortgage free, allowing for greater liquidity. Helios secured funding through a private credit fund. The financing was structured to strengthen working capital throughout the borrower’s broader portfolio.

November 25, 2025

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Affordable Housing Development New Jersey News

WinnDevelopment, Soldier On Break Ground on $29M Affordable Development for Veterans

by Hayden Spiess November 24, 2025

WEST DEPTFORD, N.J. — WinnDevelopment and nonprofit Soldier On have broken ground on a new affordable housing development in West Deptford for senior veterans. This marks the fifth partnership between WinnDevelopment, the development arm of WinnCos., and Soldier On. Upon completion, the $29 million development will feature 84 apartments reserved for veterans age 55 and older. Dubbed the Gordon H. Mansfield Veterans and Seniors Village, the 84,720-square-foot property will have a mix of one- and two-bedroom units. Twenty-one apartments will be reserved for residents earning at or below 30 percent of …

November 24, 2025

Company News News People

Brookdale Appoints Mary Sue Patchett COO

by Hayden Spiess November 24, 2025

BRENTWOOD, Tenn. — Brookdale Senior Living has appointed Mary Sue Patchett chief operating officer, following more than eight years without anyone officially filling the position. Tennessee-based Brookdale’s most recent COO, Labeed Diab, resigned from the company in 2017, after less than two years in the position. Patchett will assume her new role Dec. 1, bringing more than 40 years of experience in senior living operations. Previously, during a 25-year tenure with Brookdale that ended in 2021, Patchett served as executive vice president of strategic operations, executive vice president of community and …

November 24, 2025

Arizona Company News Illinois News Oklahoma Operations

Grace Management Adds Five Ventas Communities to Operating Portfolio

by Hayden Spiess November 24, 2025

MAPLE GROVE, Minn. — Grace Management Inc. has added five Ventas-owned senior living communities to its operating portfolio. Previously managed under a triple-net-lease structure by Brookdale Senior Living, the communities include The Hallmark in Chicago; Inspirations of Northbrook in Northbrook, Illinois; Inspirations of Mesa in Mesa, Arizona; Inspirations of Peoria in Peoria, Arizona; and Inspirations of Bartlesville in Bartlesville, Oklahoma. Each of the properties features assisted living residences, with some of the communities offering independent living apartments as well. Plans for the communities include a multi-million-dollar renovation at The Hallmark in …

November 24, 2025

Company News News Operations

Aramark Launches New Consultative Services Program for Senior Living

by Hayden Spiess November 24, 2025

PHILADELPHIA — Aramark SeniorLife+, the senior living division of food and facilities management service provider Aramark, has launched a new consultative services program. Through the new program, senior living communities will have the opportunity to retain in-house culinary, retail, housekeeping and facility operations while using Aramark’s expertise to improve supply chain and procurement practices, dining, building operations and maintenance, master planning and grounds management. This will allow seniors housing providers to receive strategic support while remaining self-operated. “By listening and aligning our resources, technology and programs around the client’s mission, we …

November 24, 2025

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Acquisitions Assisted Living Independent Living Memory Care Mississippi News

SLIB Arranges Sale of 140-Unit Community on Mississippi Gulf Coast

by Hayden Spiess November 21, 2025

OCEAN SPRINGS, Miss. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing community located in Ocean Springs along the Mississippi Gulf Coast. Totaling 140 units, the property features 18 independent living apartments, 60 assisted living residences and 62 memory care units. According to SLIB, the community was stabilized at the time of sale. The seller, the partnership that developed the asset, is exiting the seniors housing sector. A Southeast-based owner and operator with an existing presence in the state acquired the community for an undisclosed price. …

November 21, 2025

Arizona Development News

Park Senior Villas to Expand Campus in Chandler, Arizona

by Hayden Spiess November 21, 2025

CHANDLER, Ariz. — Park Senior Villas has announced plans for an expansion project at its senior living campus in Chandler. Originally opened in 2020, the property currently comprises seven villas, each of which features a great room and built-in amenity. Upon completion, which is scheduled for summer 2026, the expansion will add 21,000 square feet and occupancy for 48 additional residents. Each new building will include 10 bedrooms and options for both single and double occupancy. The groundbreaking is scheduled for Nov. 25. According to Park Senior Villas — which also operates …

November 21, 2025

Acquisitions Assisted Living Florida Independent Living Memory Care News

Berkadia Brokers Sale of 156-Unit Community in Central Florida

by Hayden Spiess November 21, 2025

LAKELAND, Fla. — Berkadia has brokered the sale of a 156-unit senior living community located in Lakeland in central Florida. A Florida-based family office purchased the property, which features independent living, assisted living and memory care residences. The seller was a Tampa-based real estate investment group. Brooks Minford of Berkadia represented the seller in the transaction.

November 21, 2025

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