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AcquisitionsCCRCNew JerseyNews

Continuum Brokers Sale of 270-Unit CCRC in New Jersey

by Hayden Spiess

BRIDGEWATER TOWNSHIP, N.J. — Continuum Advisors has brokered the sale of Laurel Circle, a continuing care retirement community (CCRC) located in Bridgewater Township, roughly 40 miles southwest of New York City.  David Kliewer and Jay Jordan of Continuum arranged the transaction. An affiliate of Maxwell Group and Senior Living Communities was the buyer.  Totaling 270 units, Laurel Circle features 183 independent living apartments, 19 independent living villas, 30 assisted living residences, 10 memory care units and 28 skilled nursing units. The property also includes five acres of undeveloped land for future …

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Assisted LivingDevelopmentIndependent LivingMemory CareMontanaNews

Trident Development Plans New Community in Montana

by Hayden Spiess

MISSOULA, Mont. — Trident Development is underway on plans for a new senior living community in Missoula.  Situated within the Old Sawmill District, the property will feature independent living, assisted living and memory care residences.  Trident’s partner Lifespark Senior Living will manage the community. Trident plans to break ground on the development in 2026. 

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AcquisitionsAssisted LivingIndependent LivingMemory CareNewsOregon

Zett Group Arranges $18.5M Sale of Community in Eugene, Oregon 

by Hayden Spiess

EUGENE, Ore. — Senior living brokerage firm The Zett Group has arranged the $18.5 million sale of a community located in Eugene.  Built in 1979, the property — Churchill Estates — comprises 241 independent living, assisted living and memory care units.  A joint venture acquired the community from the sellers, Ron and Joyce Knutson.  

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Nick-Stengle
Company NewsNewsPeople

Brookdale Senior Living, Largest U.S. Seniors Housing Operator, Names Nick Stengle as CEO 

by Hayden Spiess

BRENTWOOD, Tenn. —Brookdale Senior Living Inc. (NYSE: BKD), the country’s largest seniors housing operator, has named Nick Stengle as its new chief executive officer. Stengle assumed the role, as well as joined the Brookdale board of directors, on Oct. 6.  Denise Warren, who has served as interim CEO beginning in April of this year following the departure of president and CEO Lucinda “Cindy” Baier, will step down and reassume her role as non-executive chairman of the board.  According to Brookdale, Stengle’s selection was the result of a comprehensive search led by …

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AcquisitionsAssisted LivingCaliforniaIndependent LivingMemory CareNews

LTC Acquires $195M Portfolio in Wisconsin 

by Hayden Spiess

WESTLAKE VILLAGE, Calif. — LTC Properties Inc. has completed the acquisition of a portfolio of senior living communities located in Wisconsin for $195 million. Totaling 520 independent living, assisted living and memory care units, the portfolio includes Hamilton House Senior Living in Cedarburg; Eagle Point Senior Living in Appleton; Kettle Park Senior Living in Stoughton; Reena Senior Living in Fort Atkinson; and Cardinal View Senior Living in Middleton. Together, the communities have an average age of six years.  LTC funded the senior housing operating portfolio (SHOP) acquisition with a line of …

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NIC Panel Group Shot
FeaturesFinanceNews

NIC Panel: More Capital Sources Will Be Needed to Meet Growing Demand for Seniors Housing

by Hayden Spiess

By Matt Valley AUSTIN, Texas — Jonathan Schatz, president of investment firm Coastwood Senior Housing Partners, believes the seniors housing industry has arrived “at an existential moment.” “Make no mistake, we are facing a potential shortage of thousands of seniors housing units,” Schatz stated during a panel discussion titled “New Money, New Models: The Next Decade of Capital Formation,” which he moderated at the 2025 NIC Fall Conference on Sept. 9. Nearly 3,200 industry professionals gathered at the JW Marriott Austin for the three-day event. At the current rate of development, …

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Opus-Newton
CCRCDevelopmentMassachusettsNews

2Life Communities Opens New Middle-Market Property in Metro Boston

by Hayden Spiess

NEWTON, Mass. — Developer, owner and operator 2Life Communities has opened Opus Newton, a new middle-market senior living community in Newton, roughly 10 miles outside Boston.  Units at the continuing care retirement community (CCRC), which totals 172 apartments, range in size from 650 square feet to 1,350 square feet. Monthly rental rates at the community range from roughly $2,000 to $5,000, with entry fees beginning at $400,000.  Amenities at the community include a hair salon, convenience store, gym, fitness room, rehab room, health and wellness center, art studio, classroom, libraries, an …

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Affordable HousingCaliforniaDevelopmentNews

R.D. Olson Completes $30M Affordable Housing Development in San Diego

by Hayden Spiess

SAN DIEGO — R.D. Olson, an Irvine, California-based general contractor, has completed the construction of Kettner Crossing, a $30 million affordable housing community situated in San Diego’s Little Italy neighborhood. Bridge Housing Corp. was the developer. Totaling 64 units, the residences are reserved for seniors age 62 and older earning no more than 30 to 60 percent of area median income. The building also features 2,200 square feet of commercial office space available for lease. Amenities at the community include a rooftop overlooking North San Diego Bay, an open-air turf …

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Wisconsin-Community
AcquisitionsAssisted LivingIndependent LivingMemory CareNewsWisconsin

SLIB Arranges Sale of 125-Unit Community in Wisconsin

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 125-unit community located in Wisconsin.  The property, which was 90 percent occupied at the time of sale, features independent living, assisted living and memory care residences.  Jason Punzel, Jake Anderson and Ryan Saul of SLIB brokered the transaction on behalf of the undisclosed seller. 

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DevelopmentIllinoisMemory CareNewsSkilled Nursing

Wold Architects & Engineers Completes Expansion at 120-Bed Skilled Nursing Facility in Illinois

by Hayden Spiess

MCHENRY COUNTY, Ill. — Wold Architects & Engineers has completed an expansion project at Valley Hi Nursing & Rehabilitation in McHenry County Illinois. Wold designed the addition of a new dining room, kitchen and support spaces to accommodate a new memory care unit at the 120-bed skilled nursing facility. Residents rooms were updated with new interior finishes lighting and furnishing, and the project also included a walking path and indoor and outdoor gathering spaces.  McHenry County owns the facility.  “This project is a great example of how design can support both …

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