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Assisted Living

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Benchmark Senior Living Underway on 86-Unit Assisted Living, Memory Care Community in New Jersey

by Hayden Spiess

SCOTCH PLAINS, N.J. — Benchmark Senior Living is underway on the development of a new assisted living and memory care community in Scotch Plains, New Jersey.  Upon completion, the facility will total 81,692 square feet of indoor and outdoor space, with 86 studio and one-bedroom units. Amenities at the property will include outdoor patios, a hair salon, recreation room, bistro and club room. A rooftop deck will host regular social hours and other events. Personalized care including assistance with bathing, dressing and medication management, will be available.  Benchmark in Scotch Plains …

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JLL Arranges Sale of 88-Unit Assisted Living, Memory Care Property in New Jersey

by Hayden Spiess

FRANLIN LAKES, N.J. — JLL Capital Markets has arranged the sale of Sunrise of Franklin Lakes, an 88-unit assisted living and memory care property located in Franklin Lakes, roughly 30 miles northwest of New York City.  Developed in 2021, the community comprises a two-story building with 51 assisted living and 37 memory care residences. Assisted living offerings at the property include studio, one- and two-bedroom apartments, and memory care units are available in private or and semi-private configurations. Amenities at the community include activity rooms and social areas, a bistro, theater, …

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Forbright Provides $44M HUD Financing for 318-Bed Facility in California

by Hayden Spiess

SAN JOSE, Calif. — Forbright Bank has provided a $44.2 million HUD loan to finance a 318-bed skilled nursing, assisted living and memory care facility located in the San Jose area of California.  Provided under the HUD 232/223(f) program, the 35-year fully amortizing term loan will be used to refinance existing Forbright Bank bridge and partnership debt, as well as cover the cost of recent capital expenditures and critical repairs. Forbright originally provided acquisition financing and a line of credit for working capital for the undisclosed borrower in 2022. 

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Tutera Senior Living & Health Care Acquires, Plans to Reopen 75-Unit Community in Metro Chicago

by Hayden Spiess

MATTESON, Ill. — Tutera Senior Living & Health Care has acquired a 75-unit seniors housing community located in Matteson, roughly 30 miles south of Chicago. Built in 2021 for $21 million, the property formerly operated under the name Alexi Senior Living before closing in 2022. Tutera plans to make improvements to the community and reopen it as Ridgeland Senior Living this spring.  Situated on 5.5 acres, the 81,589-square-foot development features 55 assisted living and 20 memory care residences. Amenities at the property will include a restaurant-style dining room; poker area and …

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Legend Senior Living Takes Partial Ownership of Community Near Philadelphia

by Hayden Spiess

KING OF PRUSSIA, Pa. — Legend Senior Living has taken partial ownership of Anthology Living, a seniors housing community located in King of Prussia, roughly 20 miles outside Philadelphia. Effective immediately, the community — which offers independent living, assisted living and memory care residences — will be known as Revelle King of Prussia.  Legend will also operate community. This brings the Wichita, Kansas-based company’s portfolio to a total of 65 owned and/or operated communities in Florida, Colorado, Texas, Kansas, Oklahoma and Pennsylvania.  Amenities at Revelle King of Prussia include a fitness …

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MonticelloAM Arranges $115M Acquisition Financing for Seniors Housing Portfolio in Long Island

by Hayden Spiess

LONG ISLAND, N.Y. — MonticelloAM has arranged $115 million in acquisition financing for a portfolio of seniors housing communities located in Long Island. The undisclosed borrower plans to use the proceeds from the senior bridge loan to both acquire the properties and expand the services offered across the communities.  The portfolio comprises 1,000 beds across multiple assisted living and memory care communities.  With two six-month extension options, the financing carries a 36-month initial term. 

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Colliers Arranges $10.4M Refinancing for Community in Parkville, Maryland

by Hayden Spiess

PARKVILLE, Md. — Colliers, in partnership with Health Financing Consultants, has arranged a $10.4 HUD loan for the refinancing of a senior living community located in Parkville. Charter Senior Living is the borrower.  Totaling 64 units, the property — The Cottages of Perry Hall — features assisted living and memory care residences. Amenities at the community include full-service dining, housekeeping, activity rooms, a salon and landscaped courtyards.  Christopher Fenton and Catherine Eby of Colliers Mortgage secured the financing, which carries a 35-year term, on behalf of the borrower. 

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SLIB Brokers Sale of 78-Unit Senior Living Community in Rochester, New York

by Hayden Spiess

ROCHESTER, N.Y. — Senior Living Investment Brokerage (SLIB) has brokered the sale of a senior living community located in Rochester.  Built in 2016, the property offers 78 assisted living and memory care units.  A public, non-listed REIT was the seller. A private real estate investment company acquired the property, engaging a New York-based operator to run the community.  Jason Punzel, Dave Balow and Brad Goodsell of SLIB arranged the transaction. 

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ONELIFE Acquires 137-Unit Assisted Living and Memory Care Community in Sacramento

by Hayden Spiess

SACRAMENTO, Calif. — Developer and operator ONELIFE Senior Living has acquired The Woodlake Senior Living, a 137-unit community located in Sacramento.  Amenities at the property, which offers assisted living and memory care residences, include a movie theater, game room, fitness center, salon, library and arts and crafts room. This marks the fourth senior living community in California for ONELIFE, which merged with Ally Senior Living earlier this year. “The Woodlake Senior Living represents a strategic expansion of our California presence,” says Dan Williams, CEO of ONELIFE. According to the company, the …

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Thrive Senior Living, Orison Holdings to Open 75-Suite Community in Fort Worth, Texas

by Hayden Spiess

FORT WORTH, Texas — Thrive Senior Living and Orison Holdings have announced plans to open Sagewood at Heritage Glen, a new seniors housing community, in Fort Worth in 2026.  Orison Holdings and Arrive Architecture Group designed the property, which will feature 50 assisted living suites and 25 memory care suites.  Atlanta-based Thrive currently operates communities in Alabama, Florida, Georgia, Texas and New Jersey. Founded in 2013, Orison Holdings is a real estate investment and development firm with over $500 million of assets under management and more than 3,000 residential units constructed …

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