• National Health Investors Sends Default Notice to NHC

    National Health Investors is addressing violations under its longstanding lease agreement with one of its largest tenants, National HealthCare Corporation. In July, NHI notified NHC/OP, L.P., an affiliate of National HealthCare Corporation and the tenant of 32 of NHI’s skilled nursing/senior care facilities and three independent living... Read More »
  • Sonida Senior Living Increases Its Presence in Texas

    Sonida Senior Living finalized its acquisition of a seniors housing community in Texas. Built in 2016, the community features 62 assisted living and 36 memory care units. It shares a driveway with senior-centric healthcare providers and referral sources, and is across from a 294-bed hospital in Mansfield. The property is near existing Sonida... Read More »
  • Performing Class-A Asset Trades in Pensacola

    Berkadia handled the sale of Summer Vista, a seniors housing community in Pensacola, Florida. Managing Directors Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia Seniors Housing & Healthcare closed the transaction. Built in 2016, the 89-unit assisted living/memory care community has always been a strong performer. In fact,... Read More »
  • Gallaher Companies Launches Management Company

    Gallaher Companies, which has decades of experience in seniors housing design and development, launched Gallaher Signature Living, a management company that will oversee operations for the company’s growing portfolio of California seniors housing communities. Page Ensor has been appointed as Chief Executive Officer, bringing more than 25 years of... Read More »
  • Skilled Nursing Portfolio Secures HUD Loan

    Walker & Dunlop originated $68.312 million in HUD 232/223(f) loans to refinance seven skilled nursing facilities with 380 units in Illinois and Wisconsin. The transaction replaced existing short-term, variable-rate debt. Walker & Dunlop’s FHA Finance team arranged the refinancings, led by Joshua Rosen, Brad Annis and Johnny Rice. The... Read More »
CareTrust REIT’s Mark Lamb Steps Down as CIO

CareTrust REIT’s Mark Lamb Steps Down as CIO

The Board of Directors of CareTrust REIT, Inc. announced the appointment of James Callister as Chief Investment Officer, to be effective as of December 31, 2022. Mr. Callister will succeed Mark Lamb, who is leaving the company after a transition period to pursue entrepreneurial opportunities. Mr. Callister currently serves as CareTrust’s Executive Vice President. In the release, CEO Dave Sedgwick stated,“On behalf of the Board and all of us at CareTrust, I express our admiration and gratitude for the tremendous impact Mark has had on building the company since the beginning. Mark has always been a true partner and friend and we wish him continued success in the future.” Mr. Lamb said,... Read More »
Sonata Senior Living Announces Women-Only Memory Care Program

Sonata Senior Living Announces Women-Only Memory Care Program

Sonata Senior Living has announced the expansion of Serenades for her, a new, women-only memory care lifestyle option. This program, originally launched in Serenades at West Orange, Florida, will now be offered in two neighborhoods in Serenades at the Villages and Serenades at Longwood, both in Florida. Serenades for her will also be a brand-new lifestyle option at Sonata Boynton Beach in South Florida. Read More »
Another Active Adult Development Opens in Texas

Another Active Adult Development Opens in Texas

In December of 2020, a Houston-based joint venture between Buckhead Investment Partners and Zane Segal Projects started construction of Arista Riverstone, a 143-unit active adult community in the Houston suburb of Sugar Land. Johnson Capital Multifamily Inc. provided the construction financing for the project. Gonzalez Newell Bender Architects provided architectural design services, and the general contractor was Galaxy Builders. Greystar was also set to handle lease-up and management of the community. That active adult community is now complete. Arista Riverstone includes one-, two- and three-bedroom apartments and community amenities such as a full-service salon, game room, conference... Read More »
2023 Seniors Housing Development Outlook: Equity and Debt

2023 Seniors Housing Development Outlook: Equity and Debt

On November 17, our Editor Ben Swett sat down with Paul Griffin III of Griffin Living, Ari Adlerstein of Meridian Capital Group and Ken Assiran of Capital Health Group to discuss the current state of the seniors housing development market, and what financing options were available to those still looking to build. Read More »
MedCore Partners Expands Houston-Area Senior Living Community

MedCore Partners Expands Houston-Area Senior Living Community

Active adult development activity continues at a steady pace. MedCore Partners announced the construction of the second phase of its senior living project in Cypress, Texas (Houston MSA), along with a new partner, ACRON USA. Opened in 2018 with the help of The National Realty Group, Phase I of Spring Cypress Senior Living includes 80 units of assisted living and memory care, but Phase II will include 138 new active adult and independent living units. The new units will consist of apartments, cottages and townhomes, plus a 12-unit expansion of the existing memory care portion. MedCore is partnering with Orcutt Winslow for architectural and engineering services, Faulkner Design Group for... Read More »
MedCore Partners Expands Houston-Area Senior Living Community

Toll Brothers Develops in Texas

Toll Brothers announced the grand opening of its latest 55+ housing community, Regency at Esperanza in San Antonio, Texas. The company has so far developed over 66 55+ communities across 14 states and is showing no sign of slowing down its growth in the active adult-adjacent space. Regency at Esperanza is a luxury community for seniors within Esperanza, a 1,700-acre master-planned community. Regency at Esperanza consists of three groups of one- and two-story single-family homes priced from the mid-$400,000s, and marks the first 55+ community in Boerne, Texas. The community will be equipped with resort-like amenities including a state-of-the-art amenity center, a swimming pool, fitness... Read More »