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Assisted Living

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AcquisitionsAssisted LivingGeorgiaIndependent LivingMemory CareNews

SLIB Arranges Sale of 100-Unit Community in Georgia

by Hayden Spiess

LAGRANGE, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of LaGrange Heritage Senior Living, a 100-unit seniors housing community located in LaGrange.  Developed in 2021 on 14.1 acres, the property features independent living, assisted living and memory care residences.  A Georgia-based developer sold the community to a regional operator. The buyer, which has partnered with an institutional capital provider, plans to implement improved marketing efforts and complete the lease-up of the property.  Daniel Geraghty and Bradley Clousing of SLIB represented the seller in the transaction. 

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AcquisitionsAssisted LivingMemory CareNewsPennsylvania

Blueprint Arranges Sale of 190-Unit Senior Living Community in Metro Philadelphia

by Hayden Spiess

KING OF PRUSSIA, Pa. — Blueprint has arranged the sale of a senior living community located in King of Prussia, roughly 20 miles northwest of Philadelphia.  Opened in 2021 and totaling 190 units, the property features assisted living and memory care residences.  According to Blueprint, the community was not stabilized at the time of sale. Alex Florea, Kevin Lukehart, Steve Thomes and Kory Buzin of Blueprint brokered the sale on behalf of the undisclosed seller, a private equity investor. 

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Harbert South Bay Partners to Open 140-Unit Assisted Living, Memory Care Community in Dublin, California

by Hayden Spiess

DUBLIN, Calif. — Developer Harbert South Bay Partners will open The Whitford of Dublin, a new assisted living and memory care community, in Dublin in fall 2026.  Totaling 140 units, the property will feature residences in studio, one- and two-bedroom layouts. The largest floorplans will comprise 1,499 square feet.  Momentum Seniors Living will manage the community. 

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Affiliate of Meridian Acquires 127-Unit Assisted Living, Memory Care Community in Metro Denver

by Hayden Spiess

PARKER, Colo. — An affiliate of Meridian Senior Living LLC has acquired Pine Grove Crossing, a 127-unit assisted living and memory care community located in Parker, roughly 30 miles outside Denver.  JLL brokered the sale on behalf of the seller, a real estate private equity group. Meridian purchased and will operate the community on behalf of the buyer, an institutional investor.  Completed in 2018, the property features 100 assisted living and 27 memory care residences. Amenities at the community include shuttle bus excursions, private transportation services, a beauty salon and barbershop, …

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Benchmark Senior Living Underway on 86-Unit Assisted Living, Memory Care Community in New Jersey

by Hayden Spiess

SCOTCH PLAINS, N.J. — Benchmark Senior Living is underway on the development of a new assisted living and memory care community in Scotch Plains, New Jersey.  Upon completion, the facility will total 81,692 square feet of indoor and outdoor space, with 86 studio and one-bedroom units. Amenities at the property will include outdoor patios, a hair salon, recreation room, bistro and club room. A rooftop deck will host regular social hours and other events. Personalized care including assistance with bathing, dressing and medication management, will be available.  Benchmark in Scotch Plains …

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JLL Arranges Sale of 88-Unit Assisted Living, Memory Care Property in New Jersey

by Hayden Spiess

FRANLIN LAKES, N.J. — JLL Capital Markets has arranged the sale of Sunrise of Franklin Lakes, an 88-unit assisted living and memory care property located in Franklin Lakes, roughly 30 miles northwest of New York City.  Developed in 2021, the community comprises a two-story building with 51 assisted living and 37 memory care residences. Assisted living offerings at the property include studio, one- and two-bedroom apartments, and memory care units are available in private or and semi-private configurations. Amenities at the community include activity rooms and social areas, a bistro, theater, …

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Forbright Provides $44M HUD Financing for 318-Bed Facility in California

by Hayden Spiess

SAN JOSE, Calif. — Forbright Bank has provided a $44.2 million HUD loan to finance a 318-bed skilled nursing, assisted living and memory care facility located in the San Jose area of California.  Provided under the HUD 232/223(f) program, the 35-year fully amortizing term loan will be used to refinance existing Forbright Bank bridge and partnership debt, as well as cover the cost of recent capital expenditures and critical repairs. Forbright originally provided acquisition financing and a line of credit for working capital for the undisclosed borrower in 2022. 

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Tutera Senior Living & Health Care Acquires, Plans to Reopen 75-Unit Community in Metro Chicago

by Hayden Spiess

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 …

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AcquisitionsAssisted LivingIndependent LivingMemory CareNewsOperationsPennsylvania

Legend Senior Living Takes Partial Ownership of Community Near Philadelphia

by Hayden Spiess

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 …

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MonticelloAM Arranges $115M Acquisition Financing for Seniors Housing Portfolio in Long Island

by Hayden Spiess

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. 

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