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AcquisitionsFinanceNewsPennsylvania

Berkadia Brokers Sale of 78-Unit Assisted Living, Memory Care Community in Metro Philadelphia

by Hayden Spiess

PAOLI, Pa. — Berkadia has brokered the sale of Daylesford Crossing, a 78-unit assisted living and memory care community located 25 miles west of Philadelphia in the suburb of Paoli. Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia Seniors Housing & Healthcare negotiated the transaction on behalf of the seller, Boston-based investment firm AEW Capital Management. Berkadia also originated an $18 million bridge loan on behalf of the buyer, a joint venture between an Atlanta-based entity that will serve as the general partner and an institutional limited partner. …

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Company NewsFinanceNewsPeople

Frank Cassidy Returns to Walker & Dunlop as Senior Managing Director 

by Hayden Spiess

BETHESDA, Md. — Frank Cassidy has rejoined Walker & Dunlop as senior managing director, following his tenure as commissioner of the Federal Housing Administration (FHA) and assistant secretary for housing at the U.S. Department of Housing and Urban Development (HUD).  Cassidy, who previously helped grow the firm’s FHA lending platform, will advise clients on FHA and government-sponsored enterprise strategies, helping clients navigate the changing policy and capital markets environment.   “Frank returns to Walker & Dunlop at a defining moment in the housing industry,” says Sheri Thompson, executive vice president and head of …

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Company NewsNewsPeople

MonticelloAM Adds Jason Liu as Deputy Chief Financial Officer 

by Hayden Spiess

NEW YORK CITY — Seniors housing and multifamily bridge lending platform MonticelloAM has added Jason Liu to its accounting team as deputy chief financial officer. Liu will oversee investor and lender reporting, manage liquidity, review financial statements and support accounting workflows.   “Mr. Liu’s deep experience in real estate finance and his track record managing complex reporting for large, institutional-scale portfolios make him a strong addition to our team,” says Jonathan Litt, Principal & Co-founder of MONTICELLOAM. “His expertise will strive to bring added rigor and clarity to our financial operations as we scale.”  …

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NewsOperationsTexas

12 Oaks Senior Living Assumes Management of Community Near Houston

by Hayden Spiess

PEARLAND, Texas — 12 Oaks Senior Living has assumed management of The Reserve at Pearland, an assisted living and memory care community located in Pearland, about 20 miles southeast of Houston.  12 Oaks plans to implement capital improvements, operational enhancements and resident experience initiatives at the property.   Based in Dallas, 12 Oaks operates communities in Kansas, Oklahoma, Texas and Utah. 

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News

NIC: Seniors Housing Occupancy Nears 90 Percent

by Hayden Spiess

ANNAPOLIS, Md. — Seniors housing occupancy in the second quarter of 2026 neared 90 percent in the second quarter of 2026, according to the National Investment Center for Seniors Housing & Care (NIC).  In 15 of 31 primary markets tracked by NIC MAP — the data arm of NIC — occupancy hit or exceeded 90 percent. Nationwide occupancy averaged 89.9 percent in the second quarter. This marks a 0.4 percent increase relative to the first quarter of the year and marks the 20th consecutive quarter of increases.  Of the 31 primary …

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DevelopmentFinanceMontanaNews

Ziegler to Close $191.5M Bond Financing for St. John’s United 

by Hayden Spiess

BILLINGS, Mt. — Specialty investment bank Ziegler has announced the closing of a $191.5 million bond financing through the Montana Facility Finance Authority on behalf of St. John’s Lutheran Ministries, doing business as St. John’s United. The Series 2026ABC Bonds are scheduled to close this month. St. John’s United, St. John’s Foundation and Missions United, collectively comprise the Obligated Group, which owns a multi-campus senior living system located in the Billings and Laurel markets of Montana. The system features five senior living communities totaling 201 independent living units, 140 assisted living …

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NewsPeople

ASHA Board Approves New Member Organizations, Representatives 

by Hayden Spiess

WASHINGTON, D.C. — The American Seniors Housing Association (ASHA) Board has announced new executive board member organizations, following its executive board meeting in June.  ASHA’s board has approved Janus Living, Arcole Partners and Commonwealth Senior Living as executive board member organizations. The companies will be represented by Patrick Cheng, Kelly Sheehy and Earl Parker, respectively.  The board has also approved new representatives from existing executive board member organizations. These include David Caleca of CS Capital Advisors, Micah Gerber of Sinceri Senior Living and Neal Raburn of Greystone. 

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Company NewsNewsOperationsTennessee

American House Assumes Management of 130-Unit Community in Brentwood, Tennessee

by Hayden Spiess

BRENTWOOD, Tenn. — American House Senior Living Communities, in collaboration with AEW Capital Management and Winterpast Capital Partners, has assumed management of Traditions of Mill Creek in Brentwood.  The property, which totals 130 units, will be operated as American House Mill Creek moving forward. Built in 2020, the community features 59 independent living, 47 assisted living and 24 memory care units.  American House operates a portfolio of more than 80 communities. This brings the company’s Tennessee portfolio to 12 properties. 

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AcquisitionsNewsTexas

Town Lane, Arcole Acquire 186-Unit Community Near Houston

by Hayden Spiess

LEAGUE CITY, Texas — Town Lane and Arcole Partners have acquired Grand Living at Tuscan Lakes, a seniors housing community located in League City, approximately 25 miles southeast of Houston.  Bow River Capital and Ryan Cos. developed and sold the property, which totals 186 units. Opened in 2023, the community features independent living, assisted living and memory care. Amenities at the property include multiple dining venues, a 150-seat theater, spa, fitness center, library and lounge, swimming pool and hot tub.  Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia …

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ColoradoFinanceNews

Ziegler Closes $41.2M Bond Financing for Christian Living Communities

by Hayden Spiess

DENVER — Ziegler has closed Christian Living Communities Obligated Group’s $41.2 million Series 2026 Bonds, which were issued through the Colorado Health Facilities Authority.  Christian Living Communities Obligated Group is a three-property senior living organization based in Denver. The organization’s communities include Clermont Park, Someren Glen and Holly Creek in metro Denver. Together, the properties total 474 independent living apartments and villas, 122 assisted living units and 192 skilled nursing beds.  The parent group, Christian Living Communities, features other affiliate organizations and senior living communities, including three assisted living and memory …

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