WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a portfolio of three assisted living and memory care communities located in Western New Jersey. The sales price was $17.5 million. Together, the properties total 214 units, with each community comprising roughly 70 units. Ryan Saul, Toby Siefert and Patrick Burke of Illinois-based SLIB brokered the transaction on behalf of the undisclosed seller. A large regional owner acquired the portfolio, marking its first purchase in the state of New Jersey.
Acquisitions
ROSELAND, N.J. — A joint venture between Benchmark Senior Living and National Development has acquired Arbor Terrace Roseland, an 85-unit assisted living and memory care community located in Roseland. Benchmark will operate the facility, which has been rebranded as Benchmark at Roseland. Synovus Bank provided financing for the acquisition. Amenities at the property, which totals 68,000 square feet, include a café, movie theater, hair salon, fitness center, library, private dining room and recreation room. Benchmark is also currently underway on two projects in New Jersey in partnership with National Development — Benchmark …
TOLEDO, Ohio — Welltower has announced, as part of its third quarter 2025 results, $23 billion in previously undisclosed seniors housing transactions completed or under contract this year as of Oct. 27, as part of its increased focus on the sector. The figure includes $14 billion of pro rata gross investments, primarily in the form of senior living community acquisitions in the U.S. and the U.K. Welltower expects the percentage of its net operating income derived from seniors housing business to increase to more than 80 percent following the completion of …
MAMARONECK, N.Y. — Kiser Group has brokered the sale of Sarah Neuman Skilled Nursing Facility in Mamaroneck, roughly 30 miles northeast of New York City. The property totals 250 beds. Mark Myers of Kiser Group arranged the sale. The seller was a religious nonprofit organization. According to Kiser Group, the property was initially under contract for $84 million, but the first buyer had to withdraw from the transaction due to rising interest rates. A second seller presented an offer of $72 million. Ultimately, Myers secured a third buyer and negotiated the …
MORRISVILLE and CHAPEL HILL, N.C. — Principal Asset Management has acquired two active adult communities totaling 373 units in the Raleigh-Durham region of North Carolina. The properties include Overture Cary, located in Morrisville, and Overture Chapel Hill, situated near the University of North Carolina at Chapel Hill. The communities were developed in 2021 and 2020, respectively, and stand at five stories. The seller and sales price were not released.
RICHARDSON, Texas — Berkadia has arranged the sale and financing of Appletree Court, a 118-unit senior living property located in Richardson, roughly 15 miles north of downtown Dallas. The community features assisted living and memory care units. A joint venture between Marquee Capital and Winterpast Capital Partners was the seller. The buyer was a joint venture between Virtus Real Estate Capital and Winterpast. Vitality Senior Living will continue to operate the property. Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia represented the seller in the transaction. Austin Sacco, …
BARDSTOWN AND ELIZABETHTOWN, Ky. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a portfolio consisting of two central Kentucky properties to an undisclosed West Coast-based buyer. The communities, which are located about 30 miles apart from each other in Bardstown and Elizabethtown, respectively, both offer assisted living and memory care services. The undisclosed seller was a Southeast-based owner and operator that was seeking to exit the Kentucky market in order to concentrate on its core geographic areas. In conjunction with the sale, the buyer has brought in …
BRENTWOOD, Calif. — Senior Living Investment Brokerage (SLIB) has brokered the sale of Westmont of Brentwood, a 132-unit community in Northern California. Built in 2007 and situated on 4.5 acres approximately 45 miles east of Oakland, California, the property offers independent living, assisted living and memory care services. The sales price was not disclosed. The buyer, an unnamed private equity group with a background in seniors housing, is partnering with an established West Coast operator that is expanding its presence in California. With the sale of Westmont of Brentwood, the …
BOCA RATON and VERO BEACH, Fla. — Funds managed by affiliates of Fortress Investment Group have sold two seniors housing communities located in Florida. Totaling 178 units, the communities include Sonata Boca Raton and Sonata Vero Beach. JLL Capital Markets brokered the sale on behalf of the seller. Agewell Solvere Living will remain in place as the operator at both communities. The buyer was not disclosed.
ST. LOUIS — Blueprint has served as the exclusive advisor to a Missouri real estate developer in its acquisition of full ownership of a 150-unit seniors housing community that it developed with a joint venture partner in metro St. Louis. The undisclosed community, which opened in 2024, offers independent living assisted living and memory care. The operator remains in place following the buyout. Blueprint was initially engaged four years ago to source an institutional capital partner for the development of the private pay seniors housing community. At the time of …