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Lenders Welcome Return of Stability to Capital Markets After Three Years of Volatility

by Hayden Spiess

By Matt Valley ATLANTA — In an unsettled world, the capital markets have ironically proven to be relatively stable this year. That’s helped pave the way for the rebound in financing across the seniors housing sector, lenders say. But they are quick to add that construction financing remains difficult to secure for most developers. For much of this year, the U.S. 10-year Treasury yield has fluctuated between 4.2 and 4.6 percent, a relatively narrow range compared with the high volatility experienced in the three years prior. In 2022, for example, the …

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Assisted LivingDevelopmentIndependent LivingMemory CareMinnesotaNews

Kraus-Anderson Completes $41.8M Expansion at Trillium Woods in Plymouth, Minnesota

by Hayden Spiess

PLYMOUTH, Minn. — Construction firm Kraus-Anderson has completed the second phase of a $41.8 million expansion at Trillium Woods, a senior living community located in Plymouth.  Designed by Pope Design Group, the expansion totals 160,321 square feet across five stories and adds 18 assisted living units, 16 memory care units, 52 independent units and 67 underground parking spaces.  Construction on the project began in April 2024.  Amenities at Trillium Woods include an indoor pool, salon, day spa, fitness center, pub, café, pickleball court, library, auditorium, art studio and guest suites. Life …

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Active AdultColoradoNews

Headwaters Begins Pre-Leasing First Aspendale Active Adult Community in Colorado

by Hayden Spiess

CENTENNIAL, Colo. — Headwaters Group has begun preleasing at Aspendale Centennial, the owner’s first community under its new Aspendale active adult brand. Greystar will operate the community on behalf of Headwaters.  Totaling 203,653 square feet, Aspendale Centennial in Centennial features 172 apartments across four stories. Move-ins are scheduled to begin this October.  Amenities at the property include a two-story clubhouse with a fitness room, art and activity areas and gathering spaces. Other amenities include a lap pool, spa and community garden.

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ColoradoFinanceIllinoisNews

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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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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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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CEO-Panel_1
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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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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