WEST VALLEY CITY, UTAH — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Lakeside Village, an active adult property in West Valley City. Constructed in 1997, Lakeside Village features 144 one- and two-bedroom…
NORTHAMPTON, Mass. — Live Give Play and Spiritos Properties have announced plans for 79 King Street, an active adult community in Northampton, a suburb of Springfield. The property is located downtown on a walk/bike path and steps from Smith College.…
WASHINGTON, D.C. — Greystar’s Jackie Rhone, a 35-year veteran of the multifamily industry, cut right to the chase when describing how the active adult niche differs from the traditional apartment sector in one big way for owners and operators. “This…
ANNAPOLIS, Md. — The National Investment Center for Seniors Housing & Care (NIC), an Annapolis-based nonprofit firm that tracks industry data, has unveiled its first industry-wide definition of the active adult sub-segment with the intent of better guidance for investors.…
MERRILLVILLE, Ind. — CBRE’s Indianapolis/Louisville multifamily team, in partnership with CBRE National Senior Housing, has arranged the sale of Residences at Merrillville Lakes. Located in Merrillville, near the Illinois border south of Chicago, the active adult community features 356 units…
HENDERSONVILLE, Tenn. — McShane Construction Co. has completed work on Album Indian Lake, located in the heart of the Indian Lake Village in Hendersonville. The community offers 138 units for adults 55 and older. The community is Avenida’s 12th and…
ALPHARETTA, Ga. — Northland, a private equity investor based in Newton, Mass., has purchased Emblem Alpharetta, a 210-unit active adult community in the north Atlanta suburb of Alpharetta. Situated on seven acres, the property was fully occupied at the time…
DRAPER, Utah — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of The Ivy at Draper, a 277-unit active adult community in Draper, a southern suburb of Salt Lake City. Ivy at Draper features…
RIO RANCHO, N.M. — California-based Tailwind Investment Group has acquired Vista Grande, an active adult community located at 4101 Meadowlark Lane in Rio Rancho. Aspen, Colo.-based Cooper Street Capital sold the asset for an undisclosed price. Built in 1972 on…
CROTON-ON-HUDSON, N.Y. — Northmarq has provided a $22 million refinancing for Springvale Apartments, an active adult community in Croton-on-Hudson, approximately 30 miles north of Manhattan. The 31-building, 524-unit property was built between 1956 and 1959. Robert Ranieri, senior vice president/managing…
VENICE, SOUTH NAPLES and WESLEY CHAPEL, Fla. — FK Architecture, a Fugleberg Koch Company, has completed design work on three resort-style active adult communities along Florida’s West Coast. The three sites designed by FK Architecture are Solea Wellen Park in…
FOLSOM, Calif. — Cushman & Wakefield has arranged $70 million in a joint venture equity and construction financing for Avenida Folsom in the Sacramento suburb of Folsom. Avenida Partners is leading the development of the active adult community. Blue Mountain…
WHEATFIELD, N.Y. — Invesque Inc. (TSX: IVQ) has sold $113 million of non-core assets, including its interests in two Calamar-branded active adult communities in Wheatfield, a northern suburb of Buffalo. Inclusive of previously announced dispositions, Invesque has sold $292 million…
By Matt Valley The pandemic raised the profile of the active adult sector, which anecdotally experienced healthy rent growth and stable occupancy during the health crisis due to “sticky tenants” who tend to stay anywhere from three to seven years.…
ALEXANDRIA, Va. — Bonaventure has started construction of a 133-unit luxury senior living project in the Old Town West neighborhood of Alexandria. The development will feature a six-story building with underground parking, studio, one- and two-bedroom living options. Bonaventure expects…
ANN ARBOR, Mich. — Lockwood Cos. has broken ground on Lockwood of Ann Arbor, a 154-unit seniors housing community in Ann Arbor. The three-story, 168,130-square-foot building includes 65 units dedicated as affordable housing. Development costs were estimated at $45 million.…
DALLAS — Active adult housing, usually reserved for people over either age 55 or 62 and offering amenities but no aging services, targets a quickly growing demographic as 10,000 baby boomers reach retirement age every day. However, the biggest challenge…
FORT WORTH, Texas — Lloyd Jones, in partnership with with ST Real Estate Holding Inc., has acquired Trinity Courtyard, a 138-unit active adult community in Fort Worth. Trinity Courtyard is located on six acres near downtown Fort Worth, the second…
NEWBURGH, N.Y. — Cushman & Wakefield has arranged the sale of Farrell Communities at Lakeside, a 102-unit active adult community in the Hudson Valley city of Newburgh. The community opened in 2020 and features 30 one-bedroom units and 72 two-bedroom…
BETHESDA, Md. — Walker & Dunlop’s Seniors Housing Investment Sales team, based in Bethesda, has brokered the sale of 25 seniors housing communities in the Midwest and East Coast for $502 million. Calamar sold the assets, which are all active…
KING OF PRUSSIA, Penn. — An affiliate of Livingston Street Capital, a boutique private equity firm, has acquired Canvas at Valley Forge, a 231-unit, Class A active adult community in King of Prussia, a suburb of Philadelphia. The luxury asset…
Due to the nature of their clientele, senior living operators continually need to market their services to attract prospective new residents. But it’s not just new residents that they need to attract: it’s new employees as well. For the reality…
DALLAS — Completing the lease-up and stabilization of new communities in a timely and cost-efficient manner is the most difficult aspect of developing active adult properties in the current environment. Such is the assertion of developers that are immersing themselves…
DALLAS — Active adult residents say they had plenty of reasons to move out of their prior homes, but they rank location and lifestyle change atop their list. That was the message from a panel of five existing active adult…
NEWBURGH, N.Y. — Castle Lanterra Active Adult, a division of Castle Lanterra, has acquired Reserve at Lakeside, a newly constructed active adult apartment complex in Newburgh. Blue Foundry Bank provided acquisition financing. The seller, price and number of units were…
HILLIARD, Ohio — True Connection Communities has completed development of Verena at Hilliard, an active adult community in Hilliard, a suburb of Columbus. The property features one- and two-bedroom options and offers direct interior access to the Hilliard branch of…
GROVE CITY, Ohio — Treplus Communities has started construction of Dogwood Commons, a 105-unit active adult community in the Columbus suburb of Grove City. A groundbreaking ceremony was held Thursday, May 19, at the 21-acre site.…