Tuesday, September 2, 2025
Read the Magazine Subscribe

News

Hawthorne-Heights_Gainesville-Fla
Affordable HousingDevelopmentFinanceFloridaNews

National CORE Receives $19.5M Construction Financing for Affordable Seniors Housing Project in Florida

by Hayden Spiess

GAINESVILLE, Fla. — Nonprofit developer National CORE has received $19.5 million in construction financing to fund the development of Hawthorne Heights, a new affordable seniors housing project in Gainesville.  KeyBank Community Development Lending and Investment provided a $13 million loan and secured a $6.5 million Freddie Mac permanent loan on behalf of the borrower.  National CORE received additional funding from Red Stone, which provided low-income housing tax credit equity and bonds from the Florida Housing Finance Corp., for the project. The project also qualifies for real estate tax abatement. Upon completion, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsNew JerseyNews

Distinctive Living Establishes Business Intelligence Team

by Hayden Spiess

FREEHOLD, N.J. — Senior living management and consulting firm Distinctive Living has established a new business intelligence team.  Distinctive Living recently ranked as No. 36 in the 2025 ASHA 50 list of the largest U.S. seniors housing operators.  Under the leadership of executive vice president and CFO Lindsey Hacker, the business intelligence team integrates insights from data to inform operations, sales and marketing decisions.  “Our strategic focus on data analytics aligns with the expectations of our capital partners for agile and informed management solutions,” says Joe Jedlowski, chairman and CEO of Distinctive Living. …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNew YorkNewsSkilled Nursing

MonticelloAM Provides $152M Financing for Skilled Nursing Portfolio in North Carolina

by Hayden Spiess

NEW YORK CITY — MonticelloAM has provided $152 million in financing for a skilled nursing portfolio located across North Carolina.  The financing includes $142 million in bridge debt, which carries a 36-month initial term with two extension options, for the acquisition of the portfolio. Totaling 1,100 licensed beds, the portfolio comprises nine skilled nursing facilities.  Additionally, MonticelloAM has provided a $10 million working capital line of credit to support daily operational needs at the facilities.  The borrower was not disclosed. 

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingMemory CareNewsOregon

SLIB Arranges Sale of Vacant 44-Unit Community in Metro Portland, Oregon

by Hayden Spiess

SANDY, Ore. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Mount Hood Senior Living, a vacant 44-unit assisted living and memory care community located in Sandy, roughly 30 miles southeast of Portland.  Totaling 26,000 square feet, the property was updated in 2022. A local operator acquired the community, which it plans to reopen.  Jason Punzel, Vince Viverito, Brad Goodsell, Jake Anderson and Taylor Graham of SLIB brokered the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Ben Mohns
AcquisitionsIllinoisNew YorkNews

Harrison Street Sells New York Seniors Housing Portfolio for $600M

by Hayden Spiess

CHICAGO — Investment management firm Harrison Street Asset Management has sold a portfolio of seniors housing communities located in the state of New York for more than $600 million. The buyer was not disclosed, but multiple media outlets report the buyer was senior living giant Ventas Inc. (NYSE: VTR). The portfolio comprises five communities. Harrison Street developed the properties in partnership with B2K Development between 2016 and 2022. Amenities at the communities include swimming pools, theaters, fitness centers, libraries and lifestyle programming.  “This transaction exemplifies Harrison Street’s ability to produce value by …

Continue Reading
0 FacebookTwitterLinkedinEmail
Capital-Markets-Panel
FeaturesFinanceNews

Lenders Welcome Return of Stability to Capital Markets After Three Years of Volatility

by Hayden Spiess

By Matt Valley ATLANTA — In an unsettled world, the capital markets have ironically proven to be relatively stable this year. That’s helped pave the way for the rebound in financing across the seniors housing sector, lenders say. But they are quick to add that construction financing remains difficult to secure for most developers. For much of this year, the U.S. 10-year Treasury yield has fluctuated between 4.2 and 4.6 percent, a relatively narrow range compared with the high volatility experienced in the three years prior. In 2022, for example, the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Trillium-Woods_Plymouth-Minn
Assisted LivingDevelopmentIndependent LivingMemory CareMinnesotaNews

Kraus-Anderson Completes $41.8M Expansion at Trillium Woods in Plymouth, Minnesota

by Hayden Spiess

PLYMOUTH, Minn. — Construction firm Kraus-Anderson has completed the second phase of a $41.8 million expansion at Trillium Woods, a senior living community located in Plymouth.  Designed by Pope Design Group, the expansion totals 160,321 square feet across five stories and adds 18 assisted living units, 16 memory care units, 52 independent units and 67 underground parking spaces.  Construction on the project began in April 2024.  Amenities at Trillium Woods include an indoor pool, salon, day spa, fitness center, pub, café, pickleball court, library, auditorium, art studio and guest suites. Life …

Continue Reading
0 FacebookTwitterLinkedinEmail
Aspendale-Centennial_Centennial-Colo
Active AdultColoradoNews

Headwaters Begins Pre-Leasing First Aspendale Active Adult Community in Colorado

by Hayden Spiess

CENTENNIAL, Colo. — Headwaters Group has begun preleasing at Aspendale Centennial, the owner’s first community under its new Aspendale active adult brand. Greystar will operate the community on behalf of Headwaters.  Totaling 203,653 square feet, Aspendale Centennial in Centennial features 172 apartments across four stories. Move-ins are scheduled to begin this October.  Amenities at the property include a two-story clubhouse with a fitness room, art and activity areas and gathering spaces. Other amenities include a lap pool, spa and community garden.

Continue Reading
0 FacebookTwitterLinkedinEmail
Palos-Heights-Senior-Living
ColoradoFinanceIllinoisNews

Spectrum Retirement Receives $330M Refinancing for Seniors Housing Portfolio in Midwest, Southwest

by Hayden Spiess

DENVER — Spectrum Retirement, a Denver-based seniors housing owner-operator, has received $330 million for the refinancing of a portfolio of eight seniors housing properties that are located across the Midwest and Southwest U.S. Ryan Stoll and Taylor Mokris of BWE, a national commercial and multifamily mortgage banker, arranged the financing on behalf of Spectrum Retirement. The nonrecourse debt was structured with full-term interest-only payments and a “competitive” interest rate. “We are honored that Spectrum chose BWE to represent them in the debt capital markets for such a complex transaction,” says …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNew YorkNews

SLIB Arranges $7M Sale of Assisted Living Community in Eastern New York

by Hayden Spiess

HOOSICK FALLS, N.Y. — Senior Living Investment Brokerage (SLIB) has arranged the $7 million sale of Danfourth Adult Care Center, an assisted living community located in Hoosick, roughly 35 miles northeast of Albany.  The facility totals 80 beds across 57 units. A New Jersy-based owner and operator acquired the property from an undisclosed seller.  Dave Balow of SLIB brokered the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts