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Briarwood-Manor_Lockport-N.Y
AcquisitionsAssisted LivingMemory CareNew YorkNews

SLIB Arranges Sale of 113-Unit Assisted Living, Memory Care Community in Western New York

by Hayden Spiess

LOCKPORT, N.Y. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Briarwood Manor, a 113-unit, 160-bed assisted living and memory care community located in Lockport, roughly 30 miles northeast of Buffalo.  Originally opened in 1982, the property was 44 percent occupied at the time of marketing. The memory care wing was added in 2017.  A private owner exiting the seniors housing market was the seller. A private real estate investor acquired the community for an undisclosed price. Dave Balow, Dan Geraghty and Ryan Saul of SLIB brokered the transaction …

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AcquisitionsAssisted LivingMemory CareMissouriNews

Berkadia Brokers Sale of Three Communities in Metro St. Louis 

by Hayden Spiess

ST. LOUIS — Berkadia has brokered the sale of three seniors housing communities located in metro St. Louis. Berkadia arranged the transactions on behalf of the seller, a private equity firm that developed the properties.  The communities include The Grande at Creve Coeur in Creve Coeur, roughly 15 miles northwest of St. Louis; The Grande at Laumeier Park in Sunset Hills, approximately 15 miles southwest of St. Louis; and The Grande at Chesterfield in Chesterfield, about 20 miles west of St. Louis.  The Grande at Creve Coeur, a 53-unit memory care …

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Assisted LivingKentuckyNews

Distinctive Living Assumes Management of Twinbrook Assisted Living in Louisville

by Hayden Spiess

LOUISVILLE, Ky. — Distinctive Living has assumed management of Twinbrook Assisted Living, a senior living community located in Louisville.  Under Distinctive Living, Twinbrook Assisted Living will leverage standardized operating systems, centralized support functions and enhanced reporting.  Founded in 2021, Distinctive Living was ranked as the 36th-largest seniors housing operator in the 2025 edition of the ASHA 50. 

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The Hallmark-Uptdown-Oaks
DevelopmentIndependent LivingNewsTexas

Brazos Presbyterian Homes Plans 385,000 SF Expansion at Houston Community

by Hayden Spiess

HOUSTON — Nonprofit Brazos Presbyterian Homes has announced plans for a 385,000-square-foot expansion at The Hallmark in Houston.  The project will add a 21-story independent living building, Uptown Oaks,  to the continuing care retirement community. Uptown Oaks will feature 120 high-end units.  Construction on the expansion is expected to begin in 2027.  Amenities at Uptown Oaks will include a yoga studio and massage area, art and hobby studio, café, movie theater and pool area. 

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Belmont-Village_Aliso-Viejo-Calif
AcquisitionsAssisted LivingCaliforniaFinanceMemory CareNews

BMO Healthcare Real Estate Provides Acquisition Financing for 156-Unit Belmont Village Community in California

by Hayden Spiess

ALISO VIEJO, Calif. — BMO Healthcare Real Estate has provided financing for the acquisition of Belmont Village Aliso Viejo in Aliso Viejo. Harrison Street Asset Management is the borrower.  Opened in 2019, the Southern California community totals 156 assisted living and memory care units. Belmont Senior Living developed and operates the property.  Harrison Street currently has more than $108 billion in assets under management. 

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AcquisitionsNewsSkilled Nursing

CareTrust Acquires Mid-Atlantic Skilled Nursing Portfolio for $142M

by Hayden Spiess

DANA POINT, Calif. —CareTrust REIT (NYSE: CTRE) has acquired a skilled nursing portfolio located in the Mid-Atlantic for roughly $142 million including transaction costs. The acquisition was funded with cash on hand. The seller was not disclosed.  Totaling 532 licensed beds, the portfolio is operated by a tenant engaged in a triple-net lease with annual inflation-based rent escalators and multiple renewal options.  According to CareTrust, the portfolio is expected to generate a 9 percent stabilized yield.  “The quality of the portfolio, attractive coverage metrics, and the opportunity to transact with a …

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Assisted LivingFinanceMemory CareNewsTexas

Berkadia Secures $30M Financing for Two Communities in Texas

by Hayden Spiess

AUSTIN, Texas — Berkadia has secured $30 million for the refinancing of two assisted living and memory care communities located in Texas. Austin, Texas-based Journeyman Group is the borrower.  The financing includes two seven-year, floating-rate Freddie Mac loans.  Garrett Sacco, Austin Sacco, Steve Muth and Alec Rosenfeld of Berkadia arranged the financing on behalf of Journeyman Group. 

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Skilled-Nursing-Facility_Burlington-Colo
AcquisitionsColoradoNewsSkilled Nursing

SLIB Arranges Sale of 44-Bed Skilled Nursing Facility in Colorado

by Hayden Spiess

BURLINGTON, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 44-bed skilled nursing facility located in Burlington, a city in eastern Colorado. The building totals roughly 25,003 square feet.  A group of California-based investors sold the property to a Colorado-based owner and operator for an undisclosed price.  Vince Viverito, Jason Punzel, Jeff Binder and Nick Cacciabando of SLIB brokered the transaction. 

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David-Schless
FeaturesNews

‘It’s Hard Not to Be Optimistic’: A Keynote Interview with David Schless

by Hayden Spiess

By Hayden Spiess Despite the trials and tribulations that the senior living sector has endured during the past decade, David Schless, president and CEO of the American Seniors Housing Association (ASHA), is bullish on the near-term outlook for the industry.  “The COVID era was really as difficult as any period,” acknowledged Schless during a keynote interview at the ninth annual InterFace Seniors Housing Northeast conference on Dec. 4. The event drew more than 240 seniors housing professionals to the Live! Hotel Philadelphia. Nevertheless, Schless has abundantly positive expectations for the industry …

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Scott-Brinker
Company NewsFinanceNews

Healthpeak Properties Forms Seniors Housing REIT

by Hayden Spiess

DENVER — Healthcare real estate owner, operator and developer Healthpeak Properties (NYSE: DOC) has announced the formation and planned initial public offering (IPO) of a new seniors housing REIT, Janus Living. The publicly traded REIT will feature a RIDEA structure.  Healthpeak will contribute its 34-community, 10,422-unit seniors housing portfolio to Janus Living and serve as its external manager, with a $10 million annual management fee. Immediately following the IPO, Healthpeak plans to retain a substantial majority interest in the REIT, with public shareholders owning the remainder. Scott Brinker, president and CEO …

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