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 …
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 …
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.
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.
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.
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 …
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 …
WYOMING, Mich. — Walker & Dunlop has arranged $25.9 million in permanent financing for Rivertown Ridge, a seniors housing community located in Wyoming, roughly 5 miles outside Grand Rapids. The 10-year, fixed-rate Fannie Mae loan features three years of interest-only payments. Mary Stuart Hurst and Russell Dey of Walker & Dunlop secured the financing through Inner Circle Holdings on behalf of the borrower, Redstone Group Management Inc. Rivertown Ridge, which was built in 2019 as part of a master-planned community, features 152 units, with independent living, assisted living and memory care …
TOLEDO, Ohio and HOUSTON — An affiliate of Welltower Inc. (NYSE: WELL) has entered into an agreement to acquire NorthStar Healthcare Income Inc., a public, non-traded REIT that owns a diversified portfolio of seniors housing properties throughout the United States, for roughly $900 million. Toledo-based Welltower will take ownership of NorthStar Healthcare’s portfolio of 40 seniors housing communities in the acquisition. Founded in 2010, Houston-based NorthStar Healthcare’s portfolio includes independent living, assisted living and memory care properties. “We expect that this portfolio will serve to further enhance our regional densification …
VIRGINIA BEACH, Va. — Owner-operator Beth Sholom Village has opened Aviva Pembroke, a new community located in Virginia Beach adjacent to the Pembroke Square shopping mall. Pembroke Realty Group developed the property on behalf of Beth Sholom Village. Totaling 153 units, the community features 121 independent living, 20 assisted living and 12 memory care residences. Amenities at the property, which was designed by Kahler Slater, include a pool, fitness center, bistro, community room and a meditation and prayer room. Outdoor amenities include a deck, rooftop lounge and terrace, pickleball courts, putting …