WASHINGTON, D.C. — Welltower Inc. and Brookdale Senior Living once again rank as the top U.S. seniors housing owner and operator, respectively, according to the newly released 2025 edition of the ASHA 50. Compiled by the American Seniors Housing Association (ASHA), the publication ranks the 50 largest owners and operators nationally. The information is based on self-reported portfolio sizes and ordered by total number of units as of June 1, 2025. Data was also used from other reliable sources such as public filings. Welltower, which owns 112,641 units across 1,067 properties, grew its …
CHICAGO — Five years removed from the height of the COVID-19 pandemic, which hit seniors housing communities, owners and operators particularly hard, the industry is still processing and gleaning lessons from the public health crisis. “The PTSD is still resonating a bit,” says Joe Jedlowski, chairman and CEO of Distinctive Living, which provides senior living management and development services. “There were days during the pandemic that we weren’t sure about survival.” Jedlowski’s musing came at the annual InterFace Seniors Housing Midwest conference, which took place June 24-25 at the Swissotel Chicago …
WESTLAKE VILLAGE, Calif. — Industry veteran Doug Korey passed away on Aug. 13. Korey is survived by his wife, Jodi, and daughters Caroline and Jacqueline. Korey, who retired in April, worked for more than 40 years in the seniors housing sector. Most recently, he served as managing director of business development for LTC Properties. A member of the American Seniors Housing Association and the American Health Care Association, Korey originated and structured billions of dollars in healthcare real estate transactions throughout his career. His cause of death was Glioblastoma.
ALAMEDA, Calif. — Alegre Home Care, which provides in-home care assistance to elderly and disabled individuals, is joining Elder Care Alliance (ECA). Based in Alameda, ECA is a non-profit association of senior living communities and part of the Transforming Age network of affiliates. ECA currently serves more than 10,500 older adults through five residential communities and the Mercy Brown Bag Program, which sorts, packs and distributes groceries. Alegre’s founder and CEO Charles Symes will remain in place throughout the ownership transition and will serve as a home care consultant within the …
HOUSTON — A joint venture between Avanti Senior Living and Iron Point has sold a seniors housing portfolio located in Texas and Louisiana. Developed between 2015 and 2019, the portfolio is located in Houston, Dallas, New Orleans and Lafayette, Louisiana. Each of the communities, which include assisted living and memory care residences, totals roughly 90 units. Avanti manages the assets. JLL Capital Markets brokered the sale on behalf of the joint venture.
MORGAN HILL, Calif. — Steadfast Senior Living has sold Loma Clara, a 67-unit community located in Morgan Hill, for an undisclosed price. LTC REIT was the buyer. Completed in 2018, Loma Clara features 42 assisted living units and 25 memory care units. The property was roughly 92 percent occupied at the time of sale. Units total 529 square feet on average. Amenities at the community include a theater, fitness center, activity and game rooms, a library, outdoor courtyard, physical therapy space and bistro. Discovery Management will continue to operate the property. …
BREA, Calif. — Integrated Senior Foundation, a non-profit senior living provider, has received $79.3 million in tax-exempt, floating-rate financing for the acquisition of three properties located in Oregon and Montana. The communities include Magnolia Gardens in Cottage Grove, Oregon; Wiley Creek in Sweet Home, Oregon; and The Lodge in Great Falls, Montana. Together, the properties total 287 units, with 23 independent living, 190 assisted living and 74 memory care units. Magnolia Gardens features 101 units with a full continuum of care. Wiley Creek comprises 108 units, including independent living, assisted living …
CARLSBAD, Calif. — Harrison Street has received a loan to facilitate the acquisition of a 153-unit senior living community located in Carlsbad. The community, Oakmont Santianna, totals 153 units, including independent living, assisted living and memory care residences. Oakmont Management Group developed the property, which opened in 2022. BWE arranged the financing, which includes a 10-year, fixed-rate loan with full-term interest-only payments. A life insurance company provided the loan. Oakmont Management Group will continue to operate the community on behalf of the new ownership.
Rock Solid Builders Secures $29.5M Construction Financing for Active Adult Development in New Jersey
NUTLEY, N.J. — Rock Solid Builders Inc. has received a $29.5 million loan for the construction of a new active adult development in Nutley, New Jersey. Kearny Bank provided the 2.5-year, floating-rate financing. Completion of the development is scheduled for spring 2027. Upon completion, the property, Soho Park Residences, will feature 85 age-restricted units for residents ag 55 and older. Units will include one- and two-bedroom layouts, with an average apartment size of 1,110 square feet. Amenities at the community will include a fitness and wellness center, library, swimming pool and sun …
DELRAY BEACH Fla. — Lifespace Communities has broken ground on a $49 million expansion project at Harbour’s Edge, a senior living community in Delray Beach. Upon completion, the expansion will add 24 assisted living apartments and 16 memory care apartments to the property. Planned amenities include a garden with a walking path, a third-floor terrace for assisted living residents, a spa, bar and wellness gym, as well as dedicated dining rooms, kitchens and activity spaces. A groundbreaking event is scheduled for Aug. 20. Nonprofit Lifespace Communities owns and operates 15 communities …