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Assisted Living

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Assisted LivingDevelopmentIndependent LivingMemory CareNewsRhode Island

LRT to Develop $65M Seniors Housing Campus in Providence, Rhode Island

by Hayden Spiess

PROVIDENCE, R.I. — LRT Co. has acquired 12.4 acres of land in Providence, with plans to develop a $65 million seniors housing campus at the site. The developer plans to break ground on the community, dubbed Tiffany Laurel Reserve, in summer 2025.  Upon completion, the property will total 157,000 square feet and feature 127 independent living residences and 77 assisted living and memory care units. Roughly 25 percent of the units will be reserved for low-income residents. The development will also feature 56 garage parking spaces.  LRT Co., which specializes in …

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AcquisitionsAssisted LivingColoradoMemory CareNews

IRA Capital Acquires Seniors Housing Community in Metro Denver for $40M

by Hayden Spiess

LOVELAND, Colo. — IRA Capital has acquired Capstone at Centerra, a seniors housing community located in Loveland, for $40 million.  The community is situated within the 3,000-acre Centerra master-planned development, roughly 50 miles north of Denver.  Developed in 2023 by Hunt Midwest, the property totals 102 units, with 56 assisted living apartments and 46 memory care residences. The community was 95 percent occupied at the time of acquisition.  The property features proximity to healthcare facilities including UCHealth Medical Center of the Rockies and Banner McKee Medical Center, which are roughly one …

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CBRE Webinar Panel 2025 Outlook
Active AdultAffordable HousingAssisted LivingCCRCDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentLegal IssuesOperationsSkilled NursingVideosWebinars

Webinar — 2025 Seniors Housing Outlook: Investment, Valuations & Capital

by Sarah Daniels

The Dec. 12 webinar “2025 Seniors Housing Outlook — Investment, Valuations & Capital,” sponsored by CBRE, featured expert insight on issues shaping the seniors housing sector. The panel discussion covered investment outlooks, the impact of inflation, capital availability, labor stability and regulatory concerns. This webinar brought together industry leaders to discuss critical economic factors, value-based care and development opportunities in the ever-changing seniors housing landscape. The discussion offers a detailed analysis of operational challenges facing the sector, including rising insurance costs and regulatory headwinds. Before 2025 begins, learn more about …

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Assisted LivingNewsWashington, D.C

Senate Passes Legislation With Assisted Living Provisions for Veterans

by Hayden Spiess

WASHINGTON, D.C. — The U.S. Senate has passed a bipartisan bill that includes provisions for more long-term care options, including assisted living, for military veterans.  Senators Jon Tester (D-Montana), Jerry Moran (R-Kansas), Elissa Slotkin (D-Michigan) and Bryan Steil (R-Wisconsin) led support of the legislation known as H.R. 8371, the Senator Elizabeth Dole 21st Century Veterans Healthcare and Benefits Act.  In addition to other proposals to enhance the delivery of services by the Department of Veterans Affairs (VA), the bill features the Expanding Veteran’s Options for Long Term Care Act, which includes …

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Assisted LivingCaliforniaFinanceNews

MonticelloAM Provides $87.2M Bridge Loan for Assisted Living Portfolio in Fresno, California

by Hayden Spiess

FRESNO, Calif. — MonticelloAM has provided an $87.2 million bridge loan for an assisted living portfolio in Fresno. The portfolio totals 39 communities. Proceeds from the loan will be used to refinance the existing debt on the properties, and the undisclosed borrower plans to secure long-term financing. 

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Assisted LivingDevelopmentIndependent LivingMemory CareNewsVirginia

NexCore Group, Experience Senior Living Break Ground on 215-Unit Senior Living Community in Metro D.C. 

by Hayden Spiess

Falls Church, Va. — NexCore Group and Experience Senior Living (ESL) have broken ground on The Reserve at Falls Church, a new, 215-unit senior living community in Falls Church, roughly 10 miles outside Washington, D.C.  Upon completion, the property will feature independent living, assisted living and memory care units across 15 stories. Amenities at the community will include multiple restaurants, an indoor saltwater pool, spa, fitness center and a “maker space” for creative endeavors.  Nuveen Real Estate is providing an undisclosed amount of capital for the project.  Scheduled to open in …

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Assisted LivingFinanceIndependent LivingMemory CareNewsNorth Carolina

Berkadia Arranges $71.3M Refinancing for Senior Living Community in Greensboro, North Carolina

by Hayden Spiess

Greensboro, N.C. — Berkadia has arranged a $71.3 million loan for the refinancing of Abbotswood at Irving Park, a senior living community located in Greensboro. KISCO Senior Living was the borrower.  Austin Sacco, Steve Muth, Garrett Sacco and Alec Rosenfeld of Berkadia Seniors Housing & Healthcare secured the financing through Freddie Mac.  Located at 3504 Flint St., Abbotswood at Irving Park offers cottages and independent living and assisted living units, as well as memory care suites. 

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Assisted LivingFinanceMemory CareNewsWisconsin

MonticelloAM Provides $18M Bridge Loan for Seniors Housing Community in Wisconsin

by Hayden Spiess

NEW YORK CITY — MonticelloAM has provided an $18 million bridge loan to finance a seniors housing community located in Wisconsin. Karina Davydov, managing director of New York City-based MonticelloAM, originated the financing.  The undisclosed borrower will use the proceeds to refinance an outstanding debt and position the property, which totals 100 assisted living and memory care units, for HUD financing. 

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Keystone Villa at Douglassville in Douglassville, Pennsylvania
Assisted LivingFinanceIndependent LivingMemory CareNewsPennsylvania

BWE Secures $57.8M Loan to Refinance Senior Living Community in Douglassville, Pennsylvania

by Channing Hamilton

DOUGLASSVILLE, Pa. — BWE has arranged a $57.8 million loan to refinance Keystone Villa at Douglassville, a 247-unit, Class A independent living, assisted living and memory care community in Douglassville, located about 15 miles southeast of Reading, Pennsylvania. Ryan Stoll, national director of seniors housing and care at BWE, and Taylor Mokris, senior vice president of seniors housing and care, secured the loan from a national commercial bank. The borrower was a joint venture between privately held real estate investment trust ReNew REIT and operator Heritage Senior Living. The nonrecourse loan features …

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Assisted LivingDevelopmentMemory CareNewsWisconsin

McShane to Build 72-Unit Assisted Living, Memory Care Community in Mukwonago, Wisconsin

by Hayden Spiess

MUKWONAGO, Wis. — McShane Construction Co. has been selected as the general contractor for Azura Mukwonago, a three-building, 72-unit assisted living and memory care community to be built in Mukwonago, roughly 30 miles southwest of Milwaukee. McShane is constructing the property on behalf of seniors housing developer and operator Azura Living. Positioned on a 6.4-acre site, the property will feature two assisted living facilities and one memory care building. The single-story, wood-frame buildings’ exteriors will integrate full stone veneer masonry and Hardie board. There will also be a barn on-site. Units will …

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