By Steven Stumph The senior living industry is currently navigating a seismic shift. As the sector moves beyond traditional “care-and-custodial” models toward more proactive, people-centered approaches, senior living executives must rethink how communities support the whole resident — beyond delivering care. In 2026, maintaining a competitive advantage requires more than real estate acumen or operational efficiency — it requires a sophisticated understanding of aging itself. As resident expectations become more individualized and our understanding of the needs of older adults grows increasingly complex, industry leaders must be able to translate …
Hayden Spiess
PARSIPPANY, N.J. — Garden Communities is underway on the development of a new active adult community located in Parsippany, roughly 20 miles northwest of Newark. Upon completion, Ballantine Greens will total 250 residences, with one- and two-bedroom apartments. Situated on 20 acres, the project is a redevelopment of a private country estate and the former headquarters of GlaxoSmithKline. Amenities at the community will include a clubhouse with a fitness center, saunas and a sports simulator, as well as a heated swimming pool and spa, activity area, putting green, bocce courts, electric …
NEW YORK CITY — MonticelloAM, with firm affiliates, has provided $195.7 million in financing for a skilled nursing portfolio located in Virginia and Indiana. The undisclosed borrower will use $184.7 million in bridge and mezzanine loans to refinance three skilled nursing facilities in Virginia and acquire four skilled nursing properties in Indiana. Together, the portfolio totals more than 900 beds. Additionally, the financing includes an $11 million working capital line of credit, which will support the day-to-day expenses of the facilities. “Skilled nursing operators who are expanding their portfolio need a …
COLDWATER and HILLSDALE, Mich. — Marcus & Millichap has brokered the $7.3 million sale of a three-campus seniors housing portfolio located in southern Michigan. Totaling 100 beds, Drews Place is located in Hillsdale and Coldwater. Jim Knapp of Marcus & Millichap arranged the sale on behalf of the undisclosed seller. “The new owner sees Drews Place as an opportunity to grow their presence in the seniors housing sector,” says Knapp. “In rural and small-town markets, we continue to see opportunities for operators to fill gaps in seniors housing and care services …
ST. CHARLES, Ill. — Citrine Investment Group has sold River Glen of St. Charles, a senior living community located in St. Charles, about 45 miles west of Chicago. Citrine acquired the property, which totals 106 units, in January 2023. The community includes independent living, assisted living and memory care residences. Under Citrine’s ownership, River Glen of St. Charles transitioned from an entrance-fee structure to a market-rate rental model. Citrine also invested in strategic capital improvements throughout the community. “River Glen benefited from Citrine having the conviction to take on the entrance …
MESQUITE, Texas — Walker & Dunlop has arranged approximately $30 million in financing for Avanti Hills, an affordable seniors housing community currently under development in Mesquite in the Dallas-Fort Worth metro. The project is being developed by a joint venture between KCG Development, The Javelin Group and the Mesquite Housing Finance Corp. Walker & Dunlop Affordable Housing Equity provided low-income housing tax credit (LIHTC) equity for the project, which is supported by tax-exempt bond financing through the Mesquite Housing Finance Corp. Citi Community Capital and Bank of America are serving as …
CHICAGO — RiverGlade Capital Partners has acquired Senior Living Residences (SLR), a Northeast-based seniors housing operator. Under the new partnership with Chicago-based RiverGlade, SLR will continue to operate under its existing name and leadership team. SLR’s founder, Bob Larkin, will transition to the company’s board of directors as part of the transaction. Founded in 1990, SLR operates a portfolio of 24 independent living, assisted living and memory care communities in Massachusetts, Connecticut, New Hampshire, New Jersey and Rhode Island. RiverGlade Capital is a healthcare-focused private equity firm.
WEST LINN, Ore. — Anthem Memory Care has promoted Lewis McCoy to the position of president. McCoy previously served as chief operating officer for the Oregon-based company, which operates and develops memory care communities in Arkansas, California, Colorado, Illinois, Kansas, Minnesota, New Mexico, Ohio, Tennessee and Wisconsin. In his new role, he will focus on improving and strengthening Anthem’s infrastructure, capabilities and employee base. According to the company, his key priorities will include operational efficiency, research and development, process improvement and innovation. McCoy holds a doctorate of philosophy in industrial and …
RICHMOND, Va. — Real estate investment firm Bonaventure has launched Aspire West End DST, a $32 million Delaware statutory trust (DST) offering investors fractional ownership in Aspire West End. Located in Richmond, Aspire West End totals 148 independent living units. Amenities at the community include an indoor swimming pool, fitness enter, movie theater, salon and spa, art studio, meeting and game rooms, walking paths, outdoor patios, fire pit and gazebo areas, a bistro and private dining rooms. Bonaventure developed the property in 2018 and has owned and operated the community since …
IRVING, Texas — Cambridge Realty Capital has provided a roughly $5 million HUD-insured loan for the refinancing of Avalon Memory Care, a memory care property located in Irving. The borrower is a Texas-based limited liability company. According to Cambridge, the loan was part of a larger $29.7 million loan package to replace mortgage debt on eight communities throughout the Dallas-Fort Worth metro.