Thursday, July 17, 2025
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Assisted Living

AcquisitionsAssisted LivingGeorgiaNews

Blueprint Arranges Sale of Three Communities in Georgia

by Jeff Shaw

GEORGIA — Blueprint Healthcare Real Estate Advisors has negotiated the sale of three seniors housing communities in Georgia. Located in secondary markets throughout the state, the portfolio totals 156 units of assisted living and memory care. While at the time of sale the communities were not stabilized, the portfolio was well-positioned to capitalize on the strong demand for affordable senior care within their respective local markets, according to Blueprint. The buyer was a regional owner-operator that has been actively expanding within the Southeast. The seller and price were not disclosed.

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Assisted LivingDevelopmentMassachusettsNews

Benchmark Plans $13M Renovation at Evans Park at Newton Corner in Massachusetts

by Jeff Shaw

NEWTON, Mass. — Benchmark Senior Living has planned a $13 million renovation project at Evans Park at Newton Corner in the Boston suburb of Newton. The project will modernize the 30-year-old assisted living and memory care community. It is scheduled for completion in early 2024. The project is also honoring the building’s history, which dates back to 1905, by adding external lighting to highlight unique architectural features. Built by famed developer Warren Evans, “The Evans,” as it was first known, was considered to be the most beautiful apartment complex in …

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Assisted LivingDevelopmentNew JerseyNews

Sunrise Opens 86,000 SF Community in Livingston, New Jersey

by Jeff Shaw

LIVINGSTON, N.J. — Sunrise Senior Living has opened the doors on Sunrise of Livingston in Livingston, approximately 20 miles west of Manhattan. The three-story property totals 86,000 square feet of space for assisted living and memory care. Although the number of units was not disclosed, Sunrise said the property can serve “more than 120 residents.” Lantz-Boggio Architects designed the property, which Wohlsen Construction Co. built.

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Assisted LivingFinanceNew HampshireNewsVermont

Walker & Dunlop Provides $46M HUD Refinancing for Terrace Portfolio in New England

by Jeff Shaw

HANOVER, N.H.; WINDHAM, N.H.; WOODSTOCK, Vt.; and WHITE RIVER JUNCTION, Vt. — Walker & Dunlop has provided a $46 million HUD 232/223(f) refinancing for four Terrace-branded seniors housing communities in New England. Walker & Dunlop’s Frank Cassidy led the team in refinancing a bridge loan that the Walker & Dunlop team previously arranged in December 2020 to facilitate a partner buyout and re-leverage the portfolio. The bridge loan was structured as eligible debt in anticipation of the HUD takeout. The portfolio refinancing comprised: Wheelock Terrace, a 70-unit assisted living facility …

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Assisted LivingCaliforniaFinanceNews

Bayview Arranges $13M C-PACE Financing for Varenita of Simi Valley in California

by Jeff Shaw

SIMI VALLEY, Calif. — Bayview PACE has arranged $13 million in Commercial Property Assessed Clean Energy (C-PACE) financing for the Varenita of Simi Valley seniors housing community in the Ventura County city of Simi Valley. The Class A property which opened in February 2022, totaling 97,000 square feet of space with 102 units of assisted living and memory care. Its location in the heart of Griffin Plaza, an active shopping center, provides opportunities for residents to explore and socialize in nearby retail shops and restaurants. The C-PACE loan is being …

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AcquisitionsAssisted LivingCaliforniaNews

Blueprint Brokers Sale of 70-Unit GranVida Senior Living in Carpinteria, California

by Jeff Shaw

CARPINTERIA, Calif. — Blueprint Healthcare Real Estate Advisors has brokered the sale of GranVida Senior Living, a 70-unit assisted living and memory care community in the Central Coast city of Carpinteria. The community is situated in a high barrier-to-entry suburb between Santa Barbara and Ventura. The asset benefits from being the only seniors housing community within 10 miles. An institutional ownership group sold the asset to Blake Parsons, owner of RBP Communities, for an undisclosed price.

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AcquisitionsAssisted LivingNewsWisconsin

ESI Negotiates Sale of 120-Unit Community in Wisconsin

by Jeff Shaw

WISCONSIN — Evans Senior Investments (ESI) has brokered the sale of a 120-unit assisted living and memory care community in Wisconsin. National Health Investors (NHI) sold the property to Eden Senior Care. The name and location of the property, as well as the price, were not disclosed. At the time when the operator was brought in during 2019 by NHI, the community was experiencing a high usage of Medicaid waivers and the community was struggling overall. Over the past three years, the operator was able to transition the community to …

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Affordable HousingAssisted LivingDevelopmentNew JerseyNews

New Standard Develops Three LIHTC Properties in New Jersey

by Jeff Shaw

MILLVILLE, EGG HARBOR TOWNSHIP and HAMMONTON, N.J. — New Standard Senior Living has completed development of three Medicaid-focused assisted living communities in South Jersey. All three communities feature individual (single-occupant-only) studio apartment-style residences. The Millville community offers 154 units while the second, Egg Harbor Township location offers 166 units. The last of the initial three communities, located in Hammonton, is nearing its completion with 174 units this spring. The communities are the first of their kind in the state of New Jersey, according to New Standard, and are designated to …

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AcquisitionsAssisted LivingIndianaMemory CareNews

ESI Arranges Sale of 48-Unit Assisted Living Community in Merrillville, Indiana

by Jeff Shaw

MERRILLVILLE, Ind. — Evans Senior Investments (ESI) has arranged the sale of a 48-unit assisted living and memory care community in Merrillville. A regional family ownership group sold the asset to Lloyd Jones for an undisclosed price. The community was originally purpose built for memory care in 2016 and received in-place rates above $5,000 a month. In late 2019, the community began accepting assisted living residents due to slow lease-up velocity of the existing memory care units. The community experienced multiple bans on admissions due to COVID-19 outbreaks, with the …

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Assisted LivingDevelopmentLouisianaNews

Liberty Opens 93-Unit Adaptive Reuse of Former Courthouse in New Orleans

by Jeff Shaw

NEW ORLEANS — Liberty Senior Living has opened The Carrollton, a seniors housing adaptive reuse of a former courthouse in New Orleans. The community features 73 assisted living and 20 memory care units. The project renovated 16,000 existing square feet, while adding 85,000 more. Construction of Carrollton Courthouse and the adjacent jailhouse were commissioned by Jefferson Parish in 1854 and completed in 1855. Architect Henry Howard designed the property in the Greek Revival style. The Carrollton Courthouse served as the seat of government for Jefferson Parish until it was annexed …

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