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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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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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AcquisitionsMinnesotaNewsSkilled Nursing

Blueprint Arranges Sale of 230-Bed Minnesota Skilled Nursing Portfolio 

by Hayden Spiess

HOPKINS and ROCHESTER, Minn. — Blueprint has arranged the sale of a skilled nursing portfolio located in Hopkins and Rochester. Totaling 230 units, the portfolio comprises two properties. A publicly traded REIT was the seller.  Connor Doherty, Ryan Kelly, Amy Sitzman, Giancarlo Riso and Will Roberts of Blueprint brokered the transaction on behalf of the seller.  According to Blueprint, the properties were classified as “distressed” at the time of sale. The buyer plans to leverage their existing infrastructure, clinical resources and local market expertise to achieve stabilized performance at the facilities.  

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FeaturesNewsOperationsTechnology

InterFace Panel Explains How Data Drives Seniors Housing Sales, Marketing

by Hayden Spiess

By Lynn Peisner ATLANTA — How are today’s seniors housing operators using data to drive sales and increase occupancy? This was the question posed to a panel of experts speaking at the 12th annual InterFace Seniors Housing Southeast conference, held at the InterContinental Hotel in Atlanta’s Buckhead area on Aug. 27. Data can paint a big picture, depicting the true nature of demand in a market. “We like to think of it as a novel,” said Nick Jasmon, vice president of business development for American Healthcare Management Group. “What’s happening …

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AcquisitionsAssisted LivingKentuckyMemory CareNews

LTC Properties Completes $40M Acquisition of Two Communities in Kentucky 

by Hayden Spiess

WESTLAKE VILLAGE, Calif. — LTC Properties has completed the acquisition of two seniors housing communities located in Kentucky. An undisclosed seller sold the properties for $40 million.  Opened in 2023, the properties together total 158 units and feature assisted living and memory care residences.  Charter Senior Living manages the communities.  California-based LTC plans to execute an additional $195 million in seniors housing operating portfolio (SHOP) acquisitions by mid-October 2025 and an additional $90 million by the end of the year. 

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Active AdultColoradoNews

Headwaters Begins Pre-Leasing at Active Adult Community in Northglenn, Colorado

by Hayden Spiess

NORTHGLENN, Colo. — Headwaters has begun pre-leasing at Aspendale Northglenn, the owner and developer’s new active adult community in Northglenn. This marks the second Colorado location for the newly launched Aspendale brand.  Headwaters broke ground on the development in April 2024. Scheduled to begin move-ins in early 2026, the community will total 172 apartments across four stories. The property will also feature an 8,800-square-foot clubhouse, which will offer lifestyle programming, wellness spaces and gathering areas. 

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AcquisitionsAssisted LivingIndependent LivingMemory CareMinnesotaNews

Oppidan Sells Minneapolis Community for $140M

by Hayden Spiess

MINNEAPOLIS — Oppidan Investment Co. has sold a senior living community located in Minneapolis for $140 million, according to a recently published certificate of real estate value.  Ventas, doing business as VLSHRE PILLARS LLC, was the buyer.  Oppidan originally opened the community, The Pillars of Prospect Park, in May 2020. Situated with proximity to the University of Minnesota campus, the property totals 283 apartments, including 133 independent living, 106 assisted living and 44 memory care units. Amenities at the community include an onsite bistro, salon spa, chapel, fitness center, golf simulator …

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