Author

Channing Hamilton

Keystone Villa at Douglassville in Douglassville, Pennsylvania

BWE Secures $57.8M Loan to Refinance Senior Living Community in Douglassville, Pennsylvania

by Channing Hamilton December 4, 2024

DOUGLASSVILLE, Pa. — BWE has arranged a $57.8 million loan to refinance Keystone Villa at Douglassville, a 247-unit, Class A independent living, assisted living and memory care community in Douglassville, located about 15 miles southeast of Reading, Pennsylvania. Ryan Stoll, national director of seniors housing and care at BWE, and Taylor Mokris, senior vice president of seniors housing and care, secured the loan from a national commercial bank. The borrower was a joint venture between privately held real estate investment trust ReNew REIT and operator Heritage Senior Living. The nonrecourse loan features …

December 4, 2024

California Development Finance News

JLL, HJ Sims Secure $473M Financing for Development of Seniors Housing Community in Irvine, California

by Channing Hamilton December 2, 2024

IRVINE, Calif. — JLL’s Capital Markets group and HJ Sims have arranged $473 million in tax-exempt and taxable bond financing for the ground-up development of The James, a luxury rental, 350-bed seniors housing community in Irvine. The transaction is the largest tax-exempt senior living financing of the year and largest nonprofit, single-site senior living bond issue in history, according to JLL. JLL’s Seniors Housing Capital Markets team worked on behalf of Harbert South Bay Partners, LAMB Properties, P3 Foundation and Momentum Senior Living to secure the 35-year financing with HJ Sims …

December 2, 2024

Company News Features New York News People

Perry Freitas Joins Lighthouse Capital as Managing Director of Originations

by Channing Hamilton November 6, 2024

NEW YORK CITY — Lightstone Capital has hired industry veteran Perry Freitas as managing director of originations. In his new role, Freitas will lead the nationwide sourcing, structuring and originating of commercial real estate debt investments as part of Lightstone Capital’s growth strategy. Prior to joining Lighthouse Capital, Freitas spent the last two decades at Hudson Realty Capital, a New York City-based commercial real estate investment management firm, where he most recently served as a managing director. He was involved in over $4 billion in transactions and was directly responsible for originating, …

November 6, 2024

Finance Georgia News

Newmark Arranges $140M Recapitalization for Seniors Housing Community in Atlanta

by Channing Hamilton November 5, 2024

ATLANTA — Newmark has arranged the $140 million recapitalization of Corso Atlanta, a seniors housing community in Atlanta. Located at 3200 Howell Mill Road, the property features 203 units. Sarah Anderson, Chad Lavender, Ryan Maconachy, Mills Poynor and Ben McElroy secured a 10-year Freddie Mac senior loan and a preferred equity investment from the Kayne Anderson Real Estate Debt platform on behalf of the owner, Galerie Living. The Freddie Mac loan features five years of interest-only payments. Amenities at Corso Atlanta include a bistro and creperie, heated pool, fitness center, salon, …

November 5, 2024

Acquisitions Assisted Living Illinois Independent Living Memory Care News

Chicago Pacific Founders Sells Seniors Housing Portfolio to Ventas For $725M

by Channing Hamilton November 5, 2024

CHICAGO — Chicago Pacific Founders has sold a 20-property seniors housing portfolio to Ventas for $725 million. JLL brokered the all-cash transaction. The portfolio comprises communities in the Sun Belt, Northeast and Midwest markets. Roughly two-thirds of the properties are independent living communities, with the remainder of the assets falling into the categories of assisted living and memory care. The communities are spread across 14 states including Alabama, Arizona, Florida, Illinois, Kansas, Maine, Michigan, Nevada, New York, Ohio, Oklahoma, South Carolina, Tennessee and Texas. Chicago Pacific Founders owned the portfolio properties in …

November 5, 2024

Affordable Housing Development Finance News Pennsylvania

Berkadia Secures $13.6M Financing for Affordable Seniors Housing Development in Philadelphia

by Channing Hamilton November 5, 2024

PHILADELPHIA — Berkadia has secured a $13.6 million Low-Income Housing Tax Credit (LIHTC) equity investment for the development of Clearfield Apartments, a 48-unit affordable seniors housing community in Philadelphia’s Allegheny West neighborhood. Chris McGraw, senior vice president based in Berkadia’s Charlotte, N.C. office, secured the equity investment on behalf of the sponsor, NewCourtland. When completed, Clearfield Apartments will consist of 48 one-bedroom units in one four-story, elevator-serviced building serving seniors age 62 and above. All 48 units will operate under a project-based rental subsidy through the Faircloth-to-Rental Assistance Demonstration (RAD) program. …

November 5, 2024

Active Adult Development News Texas

AOG Living Breaks Ground on 168-Unit Active Adult Community in Austin, Texas

by Channing Hamilton November 1, 2024

AUSTIN, Texas — AOG Living has broken ground on Novum Capitol View, a 168-unit active adult project in Austin. Scheduled for completion in late 2025, the property will offer studio, one- and two-bedroom units for residents ages 55 and older. Amenities will include weekly programming and activities, a saltwater pool, dog park, putting green, community gardens, a grilling station, yoga and aerobics room, hair and nail salon, fitness center, multi-purpose activity room and theater and game lounge. AOG Living will manage the community. CBRE arranged construction financing for the development …

November 1, 2024

Company News Florida News Operations People

Kristin Ward Departs AgeWell Solvere Living, Launches Austera Group Consultancy

by Channing Hamilton November 1, 2024

NORTH PALM BEACH, Fla. — Kristin Ward, co-CEO and co-founder of seniors housing management firm AgeWell Solvere Living, plans to depart the North Palm Beach-based company. Ward will serve in her current role through to the end of the year and continue to collaborate with AgeWell Solvere as a strategic advisor in the future. Upon her departure, Ward will launch a new consultancy dubbed Austera Group. Ward also previously served as president and CEO of Solutions Advisors Group.

November 1, 2024

The Lodge at Greeley in Greeley, Colorado

Acquisitions Assisted Living Colorado Independent Living Memory Care News

JLL Brokers $30M Sale of Colorado Seniors Housing Portfolio

by Channing Hamilton October 31, 2024

GRAND JUNCTION AND GREELEY, Colo. — JLL has brokered the $30 million sale of a seniors housing portfolio located in Colorado. The portfolio comprises two private pay communities — The Lodge at Greeley and The Lodge at Grand Junction — totaling 140 units. Bow River Capital sold the properties to an undisclosed buyer. JLL Capital Markets represented the seller in the transaction. Delivered in 2020, The Lodge at Greeley in Greeley offers 92 residences, with 20 independent living units, 48 assisted living units and 24 memory care units in studio and …

October 31, 2024

California Company News News Operations People

David Smart Named Executive Director of Ensō Village Seniors Housing Community in Healdsburg, California

by Channing Hamilton October 29, 2024

HEALDSBURG, Calif. — David Smart has been named the new executive director of Ensō Village, a seniors housing community reserved for residents ages 60 and up in Healdsburg. Smart, who has more than two decades of experience in senior living and community management, will take on the role in January 2025. A collaborative initiative between the San Francisco Zen Center and The Kendal Corp., Ensō Village is a Zen-inspired Kendal Life Care Community, with a focus on mindful aging, sustainability and contemplative care. “There are so many things about Ensō Village …

October 29, 2024

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