Assisted Living

AVIVA-River-Bend_Rochester-Minn

ROCHESTER, Minn. — BWE has secured financing for AVIVA River Bend, an assisted living and memory care community located in Rochester in southeastern Minnesota, on behalf of Lloyd Jones.  Lloyd Jones acquired the property, which totals 89 units, in February 2022. The community was originally constructed in 2014.  Ryan Stoll and Taylor Mokris of BWE led the new financing. “The team’s experience and vision for AVIVA River Bend, combined with the strength of the Rochester market, made this an attractive financing opportunity,” says Mokris. 

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OCEANSIDE, N.Y. — Sunrise Senior Living has acquired a development site situated on Long Island in Oceanside for $7.5 million.  Kelly Koukou of Lee & Associates represented Sunrise in the acquisition. Marlon Matza of Strategic Realty Advisors represented the sellers, Grossman Nurseries and Breslin Development. The parties originally signed a purchase contract in 2017, but entitlement complications delayed the closing of the acquisition.  Sunrise plans to develop a 77,400-square-foot assisted living and memory care community on the property. Upon completion, the community will feature 84 units. A construction timeline was not …

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Alamar-Senior-Living_Wellington-Fla

WELLINGTON, Fla. — Health Wave Partners has acquired Alamar Senior Living, a 134-unit assisted living and memory care community in Wellington. The property was 96 percent occupied at the time of sale.  AgeWell Senior Living will continue to manage the property on behalf of Health Wave. Amenities at the community include a fitness center, movie theater, beauty salon, bistro, billiards room, dog park and secure memory care courtyard. An improvement program was recently implemented at the property, including renovations to resident units, common areas, furnishings and outdoor amenities. “Alamar is an …

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TAMPA, Fla. — Helios Healthcare Advisors has provided $7 million in HUD-insured financing for an assisted living and memory care community located in Tampa.  Built in 2018 and situated near the Tampa International Airport, the property totals 92 beds. This transaction replaces the asset’s existing floating-rate senior debt. Helios utilized the recently established HUD “Express Lane” for the financing. 

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INDIANAPOLIS — Gardant Management Solutions has acquired a community totaling roughly 100 units in Indianapolis.  The campus features more than 80 assisted living apartments and more than 20 memory care units.  Ryan Saul, Dan Geraghty and Bradley Clousing of Senior Living Investment Brokerage arranged the transaction on behalf of the seller. 

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Benchmark-East-Islip_East-Islip-N.Y

EAST ISLIP, N.Y. — Benchmark Senior Living and National Development have acquired a property in East Islip on Long Island, with plans to develop a new seniors housing community at the site.  The community, Benchmark at East Islip, will total 90 units, with 64 assisted living and 26 memory care apartments. Expected to open in 2028, the property will comprise roughly 88,000 square feet. Amenities at the community will include multiple dining venues, a theater, fitness center, salon and landscaped outdoor spaces.  Benchmark currently operates 70 senior living communities throughout New …

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Villages-of-Windcrest_Fredericksburg-Texas

FREDERICKSBURG, Texas and SAN ANTONIO — Juniper Communities has acquired two Texas communities.  The properties include Poet’s Walk in San Antonio and The Villages of Windcrest in Fredericksburg. In addition to owning the communities, Juniper will operate them moving forward.  Poet’s Walk totals 70 memory care units, and The Villages of Windcrest features 57 assisted living apartments and 24 memory care apartments.  Juniper currently operates 28 senior living communities in New Jersey, Pennsylvania, Delaware, Texas and Colorado. 

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Charter-Senior-Living-Rendering_West-Chester-Pa

WEST CHESTER, Pa. — Charter Senior Living and Paradise Management have broken ground on a new senior living development in West Chester, roughly 30 miles west of Philadelphia.  Upon completion, the community, Charter Senior Living of West Chester, will total 162 units, with independent living, assisted living and memory care residences. Completion of the project, which was first announced in January of this year, is scheduled for late 2027. 

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POMPANO BEACH, Fla. —DeMarco Real Estate Group of REMAX 5 Star Realty has brokered the $17.9 million sale of The Residence at Pompano Beach, an assisted living property located in Pompano Beach.  Totaling 205 beds, the community offers memory care, rehabilitation and skilled nursing services, in addition to assisted living. The facility totals 61,116 square feet situated on 2.84 acres.  John DeMarco of the DeMarco Real Estate Group represented both the buyer and seller in the transaction. The buyer is a local private investor.  “Seniors housing assets continue to attract strong …

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Community_Bloomfield-Mich

WEST BLOOMFIELD, Mich. — Blueprint has arranged the sale of a 52-unit assisted living and memory care community located in West Bloomfield in metro Detroit.  Originally constructed in 2000, the property was acquired in an all-cash transaction.  Lauren Nagle, Michael Segal and Daniel Waldhorn of Blueprint brokered the sale on behalf of the seller. 

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