Earlier this month, Foundry Commercial announced a new deal to merge senior living providers Spring Arbor and Allegro into a new operator called Allegro Living. Now comes the fun part, according to Doug Schiffer, who will lead the newly combined operator as president and CEO. In the coming year, both companies will combine their operations […]
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This article is part of your SHN+ subscription The senior living industry is much more optimistic in 2025 about the demand at its doorstep in the form of the baby boomers – but there is still a lingering disconnect between recognizing that demand and actually meeting it. That was among my big takeaways a week […]
Spring Arbor Management and Allegro Management are coming together to form a new senior living operator with 53 communities spanning markets in the eastern half of the U.S. Through the deal, Foundry Commercial is bringing together Spring Arbor and Allegro to form an operator called Allegro Living, which post-combination is set to operate 53 senior […]
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Acquisitions Foundry Commercial acquires The Village at Keizer Ridge Real estate and investment firm Foundry has expanded its senior housing portfolio through the acquisition of The Village at Keizer Ridge. Following the acquisition, Foundry now owns 30 senior living communities with a total of 1,900 units alongside operating 57 communities. The Village at Keizer Ridge […]
This article available as part of your SHN+ membership Operator transitions have been making headlines over the last few weeks, with many of the handovers involving properties serving middle-market consumers in secondary markets. The recently announced transitions include: The backstories behind these transitions vary, but many of the communities involved are serving a similar consumer […]
Transactions Shadowbrook Resort sold, to become independent living community The six-decades-old Shadowbrook Resort based out of Wyoming County, Pa., is expected to close on a sale to developer Richard Angelicola on Aug. 31. Reporting from The Times-Tribune states the 100-unit apartment facility will add to Angelicola’s current portfolio of Glenmaura Senior Living, Highland Park Senior […]
Real estate services and investment firm Foundry Commercial has added 16 senior living communities to its Spring Arbor management arm, growing the platform to now 40 communities nationwide. The properties have expanded Foundry Commercial’s presence to South Carolina, Florida, Tennessee, Kansas, Nebraska, Iowa and Minnesota, the company announced in an Aug. 24 press release. The […]
Transactions Grandbridge Real Estate Capital facilitates sale of communities Grandbridge Real Estate Capital’s senior housing investment sales team announced the sale of three senior housing communities in Florida on behalf of a national real estate investment trust (REIT). The communities were sold in June and August in separate transactions. Two of the properties were sold […]
Financings Zeigler Closes $30M For Florida-Based Community Zeigler announed the successful closing of $30 million of Series 2022 Bonds for a Florida-based life plan community. The community — called Vicar’s Landing — will use these funds along with other funds to finance a portion of an ongoing expansion plan, fund a debt service reserve fund, […]
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