MILLERSVILLE, Pa. — Burkentine Real Estate Group has acquired 67 acres in Millersville, with plans to develop a senior living community at the site. HHF Real Estate sold the land to Burkentine for $7.9 million. Upon completion, the development — Farmhouse Village — will feature 420 age-restricted rental homes, including a mix of townhomes and condominiums. Plans also include a 75-bed health care facility. Matt Wolf of The Kislak Co. arranged the land sale on behalf of the seller.
FORT MYERS, Fla. — Housing Trust Group (HTG) and AM Affordable Housing have broken ground on a new, $55 million seniors housing development in Fort Myers. Upon completion, Legacy Park II will total 130 units reserved for residents age 55 and older earning at or below 30, 60 and 70 percent of the area median income (AMI). Amenities at the two-building, five-story community will include a fitness center, swimming pool and a clubhouse with a cyber café, library and game room. Residents will have access to assistance with light housekeeping, laundry, …
ANDERSON, S.C. and PINEHURST, N.C. — Charter Senior Living has assumed management of two communities owned by Ventas (NYSE: VTR). The communities include The Legacy of Anderson in Anderson, South Carolina, and Fox Hollow Senior Living in Pinehurst, North Carolina. Fox Hollow Senior Living comprises 74 assisted living and memory care units. The Legacy of. Anderson totals 101 units of independent living. “Expanding our relationship with Ventas to welcome these communities into the Charter family reflects our shared, unwavering focus on operational excellence and the resident experience,” says Keven Bennema, co-founder …
MECHANICSBURG, Pa. — Ziegler has provided $82.2 million in bond financing to borrower Messiah Lifeways, a Pennsylvania-based nonprofit that owns and operates Messiah Village, a continuing care retirement community (CCRC) in Mechanicsburg. Messiah Village serves more than 700 residents on an 85-acre campus, which it has occupied since 1978. The community was originally founded in 1896. In addition to 375 independent living units, 88 personal care units and 76 memory care units, the property features 100 skilled nursing beds and 18 skilled nursing memory support beds. Proceeds from the bonds will …
NORTHBROOK, Ill. and SNELLVILLE, Ga. — Two Senior Lifestyle communities have undergone recapitalization. Senior Lifestyle was the original developer of the communities, which the company continues to operate on behalf of the current ownership. The communities include North Shore Place in Northbrook, Illinois, and The Sheridan at Eastside in Snellville, Georgia. North Shore Place was originally opened in 2014 with 156 units. Currently, the property comprises 188 assisted living and memory care residences. The Sheridan at Eastside totals 214 units situated on a 15-acre campus. Opened in 2019, the community features …
By Matt Valley A convergence of forces led to a dramatic surge in deal volume for lenders in the U.S. Department of Housing and Urban Development’s Section 232 healthcare mortgage insurance program in fiscal year (FY) 2025. Rising occupancies and improving financial performance at skilled nursing and assisted living facilities, a drop in long-term interest rates and the successful rollout of HUD’s Express Lane initiative in mid-2025 all played a factor. The final tally shows lenders in the program closed $5.96 billion in loans for the 12-month period that ended …
ARVADA, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Oberon House, a senior living community located in Arvada, roughly 10 miles northwest of downtown Denver. A Colorado-based owner and operator sold the property, which totals 60 units within a 47,217-square-foot building. The Oberon House was the seller’s only senior living property, and they sold the community in order to retire. Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of SLIB brokered the transaction on behalf of the seller.
MEDFORD, Ore. — Pacific Retirement Services (PRS) has named Sloan Bentley president and CEO. Bentley will assume the role following the closing of a financial restructuring for her current employer. With more than 40 years of professional experience in the senior living sector, Bentley most recently served as president and CEO of Lutheran Life Communities, which she joined in 2020. Bentley also cofounded Seniority Inc., a wholly owned subsidiary of American Baptist Homes of the West, and served as president and CEO of Lifespace Communities for five years. “Sloan is a …
NEW YORK CITY — MonticelloAM, with firm affiliates, has provided $21.8 million in financing for two-facility skilled nursing portfolio located in South Carolina. The financing includes a $19.3 million bridge loan and $2.5 million in working capital. The undisclosed borrower will use the funds to acquire the two properties, which comprise more than 260 licensed beds. “This financing solution underscores our ability to provide essential liquidity that supports operational needs and workforce priorities,” says Kim Gordon, head of the working capital group at New York City-based MonticelloAM. “This flexibility enables skilled …
DENVER — Developer MGL Partners has sold a luxury senior living community located in Denver for $96 million as part of a portfolio disposition. An undisclosed institutional buyer acquired the property. Delivered in 2018, the property — Carillon at Belleview Station — features 156 independent living, assisted living and memory care residences. Amenities at the community include a commercial kitchen and restaurant-style dining, a bistro, spa and wellness spaces. “Carillon has consistently performed at a high level, supported by strong demographics and a location that continues to mature as one of …
