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 …
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.
LYNNWOOD, Wash. — JLL Capital Markets has brokered the sale of Fairwinds Brighton Court, a senior living community located in Lynnwood, roughly 16 miles north of Seattle. Situated on 4.4 acres, the property totals 182 units. Residences at the community, which was built in 1988, include independent living and assisted living units in studio, one- and two-bedroom layouts. Amenities at the property include a full-service restaurant, bistro, fitness center, salon, library, billiards room and courtyard. Leisure Care will continue to manage the community on behalf of the buyer, a publicly traded …
EAST BRUNSWICK, N.J. — A joint venture between National Development and an affiliate of Benchmark Senior Living is currently underway on the development of a new community in East Brunswick. Upon completion, Benchmark at East Brunswick will total 87 units and 100 beds for assisted living and memory care residents. Amenities at the property, which will total 84,276 square feet across three stories, will include multiple dining venues, a theater, fitness center, salon and outdoor spaces. Construction has begun, and the opening is scheduled for 2028. JLL Capital Markets recently arranged …
PHOENIX — LTC Properties has completed the acquisition of MorningStar at Arcadia, an assisted living and memory care community located in Phoenix, for $54 million. The community is being added to LTC’s seniors housing operating portfolio (SHOP). MorningStar will continue to operate the property, which totals 104 units, on behalf of LTC. LTC launched its SHOP platform in May 2025. SHOP is an investment structure whereby a real estate investment trust or private fund directly participates in the operational profits and losses of owned senior living properties, rather than just collecting fixed rent. “Since our …
TUSCALOOSA, Ala. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living and memory care community located in Tuscaloosa. Built in 1994 and 2003, the property comprises 54 units. The seller and buyer were not disclosed. Dan Geraghty, Jeff Binder and Brad Clousing of SLIB represented the seller in the transaction.
OVERLAND PARK, Kan. — 12 Oaks Senior Living has acquired Overland Park, a 202-unit independent and assisted living community in Overland Park, in a joint venture with Silver Creek Capital. The seller and sales price were not disclosed. This marks the second joint venture between Silver Creek Capital and 12 Oaks. Bloomfield Capital provided acquisition financing for the transaction. 12 Oaks will assume management of the community.
STUART, Fla. — Atlas Senior Living has acquired The Harrison of Stuart Assisted Living and Memory Care, a community located in Stuart, roughly 80 miles up the coast from Fort Lauderdale. The seller and sales price were not disclosed. Rebranded as The Goldton at Stuart, the property comprises 134 units, with 96 assisted living apartments and 38 memory care apartments. Floorplans at the 128,000-square-foot community range from 506 to 690 square feet. Founded in 2015 and based in Alabama, Atlas operates a portfolio of more than 35 communities across the East …
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 …
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.