FREDERICKSBURG, Va. — Watercrest Senior Living Group, with partners Harbert Seniors Housing Fund II and Centric Development, has opened a new luxury senior living community in Fredericksburg, roughly 60 miles north of Richmond. Totaling 142 units, Watercrest Fredericksburg Assisted Living and Memory Care opened in early April. The community features 106 assisted living and 36 memory care apartments. As of mid-May, memory care units at the property were 55 percent occupied, and assisted living units were 35 percent occupied. Watercrest began development of the community in fall 2024. Watercrest and Harbert Seniors Housing …
Assisted Living
COLLEGE STATION, Texas — LifeCare Development is currently underway on the construction of a new senior living community in College Station. Upon completion, The Blake at College Station will total 100,576 square feet and feature 117 units. Residences will include 73 assisted living units and 44 memory care units. Blake Management Group will operate the property. Completion is scheduled for 2028.
RYE, N.H. — Benchmark Senior Living has completed a 60,000-square-foot expansion at its community in Rye, a city located along the Atlantic coast. The project has added 70 assisted living apartments to the community, Benchmark at Rye. New residences include units in studio, one- and two-bedroom layouts. The community also features independent living residences and a 40-apartment memory care neighborhood. Amenities at the property include a bistro, family kitchen, fitness center, wellness and therapy spaces and multiple outdoor patios. Benchmark ranked as the 30th-largest seniors housing operator in the 2025 edition …
WINTER GARDEN, Fla. — Traditions Management has opened Mission Grove at Stoneybrook, a new senior living community located in Winter Garden, roughly 15 miles northwest of Orlando. Totaling 173,000 square feet, the community comprises 166 units, with 101 independent living apartments, 32 assisted living apartments and 33 memory care apartments. Amenities at the property include a swimming pool, art studio, putting green, pickleball courts, hair and nail salon, library, pub and bistro and fitness room. Traditions Management invested approximately $65 million in the community, which was developed by Leo Brown Group.
OXFORD and SOUTHAVEN, Miss. — Blueprint has brokered the sale of an assisted living and memory care portfolio comprising two properties in northern Mississippi. Built in the early 2000s and totaling 108 units, the communities are located in Oxford and Southaven. A regional owner and operator acquired the portfolio for an undisclosed price. Jacob Gehl and Dillon Rudy of Blueprint represented the undisclosed seller in the transaction.
CHESAPEAKE, Va. — Commonwealth Senior Living has announced plans for an expansion at Commonwealth Senior Living at Cedar Manor in Chesapeake. With the expansion, which will add 24 assisted living apartments, the community will total 85 units, with capacity to serve 126 residents. The new assisted living units will include 10 one-bedroom apartments and 14 studio apartments. Construction is scheduled for completion in August 2027, and the community will remain fully open throughout the project. Commonwealth’s portfolio includes communities in Connecticut, Michigan, Pennsylvania, Maryland and Virginia.
BIRMINGHAM and TUSCALOOSE, Ala. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 194-unit portfolio located in Alabama. The portfolio includes Regency Retirement Village of Birmingham and Regency Retirement Village of Tuscaloosa. Totaling 87 units, the Birmingham community features 38 independent living, 24 assisted living and 25 memory care residences. The Tuscaloosa community features 107 units, with 26 independent living residences and 81 assisted living and memory care residences. Ryan Saul, Daniel Geraghty and Brad Clousing of SLIB brokered the sales on behalf of the seller, a Tennessee-based …
SEBRING, Fla. — Mainstay Senior Living has acquired a 155-unit seniors housing community located in Sebring. Formerly known as Fellowship at the Fairway, the community will operate as Osprey Manor Fairway moving forward. The campus includes independent and assisted living apartments in a mix of studio, one-bedroom and two-bedroom layouts. The seller and sales price were not disclosed.
QUEEN CREEK, Ariz. — Investcor has announced plans for Mojave Sage, a new luxury seniors housing community to be located in Queen Creek, roughly 40 miles southeast of Phoenix. Upon completion, Mojave Sage will total 117 residences, with assisted living and memory care units. Amenities at the community will include a full-service beauty salon, fitness and wellness center, movie room, gathering areas, private courtyards, outdoor spaces, gardening programs, a dog park and onsite store. Komo Architecture is designing the project, and KBE Building Corp. will serve as the general contractor. Construction …
Navigating complex, siloed operating systems to update residents’ medical data is a common source of frustration for managers of seniors housing portfolios. At Leisure Care, one of the nation’s largest privately held retirement and assisted living companies, this particular pain point was consuming much of the clinical staff’s working hours and detracting from their available time to care for residents. Diane Umayam, Leisure Care’s vice president of Health Services at the Seattle, Washington-based organization, noted that the electronic health record (EHR) software her teams were using often required them to …