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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 …

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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. 

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Rebecca-Pacillas
Company NewsNewsOregonPeople

Rebecca Pacillas Joins The Springs Living as Chief People Officer

by Hayden Spiess

MCMINNVILLE, Ore. — Rebecca Pacillas has joined The Springs Living as the company’s new chief people officer. In this role Pacillas will report to the president and lead the company’s people strategy, including talent acquisition, staff retention and training, leadership development and human resources.  With more than two decades of experience in human resources leadership, Pacillas most recently served as chief people officer at American Advisors Group. She holds an Associate of Arts degree in business and a Certificate in Human Resources from the University of California, Riverside.  “Rebecca is a …

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AcquisitionsCaliforniaNews

Artemis Real Estate Partners Acquires 155-Unit Community Near San Francisco

by Hayden Spiess

FOSTER CITY, Calif. — Artemis Real Estate Partners has acquired Atria at Foster Square, a 155-unit senior living community located in Foster City, roughly 20 miles southeast of San Francisco. Artemis purchased the property in partnership with the current operator, Atria Senior Living, which will continue to manage the community under its Atria Signature Collection brand.  Built in 2016, the property was developed as part of a mixed-use master-plan town center. Amenities at the community include a theater, fitness center, activity and game rooms, a library, courtyard, physical therapy space and …

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News

Welltower, Brookdale Remain King of the Hill in 2025 ASHA 50 Owner, Operator Rankings

by Hayden Spiess

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 …

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FeaturesNews

InterFace CEO Panel: Incentivizing, Learning From Community-Level Employees Improves Labor, Operator Performance

by Hayden Spiess

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 …

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Doug-Korey
CaliforniaNewsPeople

Doug Korey Passes Away

by Hayden Spiess

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. 

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CaliforniaCompany NewsNews

Alegre Home Care Joins Elder Care Alliance

by Hayden Spiess

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 …

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AcquisitionsLouisianaNewsTexas

Joint Venture Sells Portfolio in Texas, Louisiana

by Hayden Spiess

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. 

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AcquisitionsAssisted LivingCaliforniaMemory CareNews

Steadfast Senior Living Sells 67-Unit Community in Morgan Hill, California 

by Hayden Spiess

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.  …

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