Monday, September 8, 2025
Read the Magazine Subscribe

News

Ackerly-at-Sherwood_Sherwood-Ore
AcquisitionsAssisted LivingFinanceIndependent LivingMemory CareNewsOregon

BMO Healthcare Provides $41M Acquisition Financing for Community Near Portland, Oregon

by Hayden Spiess

SHERWOOD, Ore. — BMO Healthcare’s Real Estate Finance group has provided a $41 million loan for the acquisition of The Ackerly at Sherwood, a senior living community located in Sherwood, roughly 15 miles southwest of Portland. A joint venture between an institutional investor and Merrill Gardens is the borrower. Merrill Gardens will manage and operate the property.  The Ackerly at Sherwood totals 130 units with independent living, assisted living and memory care residences.  Based in Seattle, Merrill Gardens manages more than 60 seniors housing communities across 20 states. 

Continue Reading
0 FacebookTwitterLinkedinEmail
James Callister
AcquisitionsCaliforniaIdahoNewsOregonSkilled NursingWashington

CareTrust REIT Acquires $146M Skilled Nursing Portfolio

by Hayden Spiess

SAN CLEMENTE, Calif. — CareTrust REIT and a joint venture partner have acquired a portfolio of skilled nursing facilities in the Pacific Northwest for $146 million.  Comprising 911 licensed beds across 10 properties, the portfolio is located in Idaho, Oregon and Washington. The two existing tenants will continue to occupy the facilities on new, 15-year triple-net leases with extended options and annual escalators.  California-based CareTrust provided common equity and preferred equity investments totaling $141 million at closing using cash on hand and a draw from the company’s revolving credit line.  This …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceMassachusettsNews

Diversified Healthcare Secures Two Financings Totaling $94.3M, Retires Senior Notes

by Hayden Spiess

NEWTON, Mass. — Diversified Healthcare Trust (DHC), a Massachusetts-based real estate investment trust focused on healthcare properties, has secured two financings totaling $94 million.  The financings include a $64 million five-year mortgage loan and a $30.3 million ten-year Fannie Mae mortgage loan. DHC plans to use the loans to repay the remaining $100 million of the company’s 9.75 percent senior notes due June 2025.  A portfolio of six seniors housing communities managed by Five Star Senior Living secures the financings.  With a fixed interest rate of roughly 6.6 percent, the $64 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsIowaNewsOperations

Nick, Dani Merlino Assume Leadership of Better Living

by Hayden Spiess

SOLON, Iowa — Nick and Dani Merlino have acquired and assumed leadership of Better Living, a senior living operator based in Iowa.  The pair, which brings 35 years of experience to the company, plans to rebrand Better Living, invest in enhanced team training and launch a “Better Days Memory Care” program.  Better Living currently operates 14 communities throughout Iowa, Minnesota and Wisconsin. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Parkview-Glendale-Redevelopment
Affordable HousingCaliforniaDevelopmentNews

EAH Housing to Redevelop Assisted Living Community in California Into Affordable Housing 

by Hayden Spiess

GLENDALE, Calif. — EAH Housing, a nonprofit housing developer and manager, has announced plans to redevelop Parkview Glendale, an assisted living community located in Glendale.  Upon completion, the property will feature 68 units of affordable housing for seniors. Originally built in 1973, the community will comprise 20 studio apartments ranging from 350 to 360 square feet and 47 one-bedroom apartments ranging from 400 to 475 square feet, as well as a 750-square-foot manager unit.  Amenities at the 43,000-square-foot property will include a community room, community garden, courtyards and a resident lounge.  …

Continue Reading
0 FacebookTwitterLinkedinEmail
CEO-Panel
Active AdultFeaturesNews

Active Adult Sector Still in Early Stages of Its Evolution, Says CEO Panel 

by Hayden Spiess

By Matt Valley DALLAS — The evolution of active adult product is in the third inning of a nine-inning game, but some markets are clearly ahead of the curve, says Zach Crowe, managing director of U.S. real estate for private equity giant The Carlyle Group. “There are markets like Dallas, Las Vegas and Denver that have had active adult for 20 years at this point, and the product is well known. The consumer understands what it is. There are other markets with very few properties, and people have no idea what …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsNebraskaNewsPeople

Forrest Westin, Michael Pittore to Serve as Co-CEOs of Agemark

by Hayden Spiess

OMAHA, Neb. — Forrest Westin and Michael Pittore have been appointed as co-CEOs of owner and operator Agemark Senior Living. Westin and Pittore will assume their roles beginning June 1.  Current CEO Marty Hug will serve as executive chairman moving forward. Hug first joined the company as a community director in 1989.  Founded in 1983 by Westin and Pittore’s fathers, Agemark has grown to a portfolio of 28 communities across six states. The company recently entered into an agreement with National Health Investors to sell six of its properties in a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsMontanaNewsOperations

Stellar Senior Living Adds Two Montana Communities to Management Portfolio

by Hayden Spiess

HELENA and MISSOULA, Mont. — Stellar Senior Living, an owner and operator of seniors housing communities in the western United States, has added two properties to its management portfolio.  Located in Helena and Missoula, the communities include Helena Point and Missoula Valley. This marks Stellar’s first expansion into the state.  Stellar now operates 37 senior living properties across nine states. 

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNewsNorth CarolinaSkilled Nursing

SLIB Brokers Sale of 74-Bed Portfolio in North Carolina

by Hayden Spiess

WAKE COUNTRY, N.C. — Senior Living Investment Brokerage (SLIB) has brokered the sale of a portfolio located in Wake County.  A regional owner sold the portfolio, which totals 75 beds. At the time of sale, the seller was eliminating assisted living options at the properties, skilled nursing facilities.  A national operator acquired the portfolio for an undisclosed price. Patrick Burke, Toby Siefert and Jason Punzel of SLIB represented the seller in the transaction.  

Continue Reading
0 FacebookTwitterLinkedinEmail
Architecture-Design-Panel_Active-Adult-Dallas
FeaturesNewsTexas

Design Teamwork Makes the Active Adult Dream Work, Says Architecture Panel 

by Hayden Spiess

By Hayden Spiess DALLAS — Although tenant demand for active adult communities remains strong, the sector is not immune to escalating construction costs, labor shortages, tariffs and general economic uncertainty, say industry professionals. Teamwork across key disciplines can help make clearing those hurdles much easier. “We’re having a hard time getting things to pencil these days,” levels Erin Berry Harps, director of interior design at Direct Supply Aptura, a senior living design and construction firm. Simultaneously, residents are as price conscious as ever, she points out. “We also have increased consumer …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts