Wednesday, April 30, 2025
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Assisted Living

AcquisitionsAssisted LivingFloridaNews

SLIB Negotiates Sale of Community in Lady Lake, Florida

by Jeff Shaw

LADY LAKE, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living community in Lady Lake, immediately adjacent to retirement mecca The Villages. The seller is a Northeast-based real estate private equity fund that purchased this asset as part of an extensive portfolio in December 2021. This asset was an operational outlier from the rest of the portfolio. The buyer was a regional owner-operator looking to add to its existing operations throughout Florida. Brad Clousing, Daniel Geraghty and Ryan Saul led the transaction for SLIB. …

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Assisted LivingDevelopmentNew YorkNews

Sunrise Plans 156-Unit The Apsley on Manhattan’s Upper West Side

by Jeff Shaw

NEW YORK CITY — Sunrise Senior Living, with partners Hines and Welltower (NYSE: WELL), has announced plans for its second luxury senior lifestyle community in New York City: The Apsley. Located on the Upper West Side on Broadway between 84th and 85th streets, the community will feature 76 assisted living and 80 memory care units. “We have always known there is a strong demand for high-quality, elevated senior living in Manhattan,” says Denise Falco, senior vice president of operations at Sunrise Senior Living. “With the success of our sister property, …

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AcquisitionsAssisted LivingCaliforniaNews

Kisco Senior Living Acquires 184-Unit The Kensington at Walnut Creek in California

by Jeff Shaw

WALNUT CREEK, Calif. — Kisco Senior Living has acquired The Kensington at Walnut Creek, an assisted living and memory care community in the Bay Area city of Walnut Creek. The Kensington will serve as Kisco’s second community in Walnut Creek, along with sister community Byron Park. The property features 184 one- and two-bedroom units.

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Assisted LivingDevelopmentNew YorkNews

Benchmark Plans 100-Unit Community in Mount Pleasant, New York

by Jeff Shaw

MOUNT PLEASANT, N.Y. — Benchmark Senior Living has unveiled plans for Benchmark at Mount Pleasant, a seniors housing community in the Westchester County town of Mount Pleasant, approximately 25 miles north of Manhattan. The community, slated for completion in spring 2024, will be Benchmark’s third in metro New York City, joining two existing communities opened on Long Island. It will feature 74 assisted living units and 26 memory care units. Benchmark is partnering with Shelbourne Healthcare Development Group LLC, a development and investment firm in Wayne, Penn. Benchmark will serve …

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Assisted LivingDevelopmentFloridaNews

Atlas, Rimrock Plan The Canopy at Beacon Woods in Hudson, Florida

by Jeff Shaw

HUDSON, Fla. — Atlas Senior Living and Rimrock Cos. have entered into a joint venture to build, own and operate The Canopy at Beacon Woods. The assisted living and memory care community will be located in Hudson, approximately 40 miles northwest of Tampa along the Gulf Coast. The property will feature 40 assisted living and 24 memory care units. Construction is scheduled for completion in July 2023.

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ArizonaAssisted LivingFinanceNews

JLL Provides $10.6M Refinancing for Countryside Living in Queen Creek, Arizona

by Jeff Shaw

QUEEN CREEK, Ariz. — JLL Capital Markets has provided a $10.6 million refinancing for Countryside Living in Queen Creek, approximately 35 miles southeast of downtown Phoenix. Opened in 2020, the property features 40 units and 42 beds of assisted living and memory care on 2.5 acres. The one- and two-bedroom units range from 344 to 515 square feet. The property is just a few miles from Banner Ironwood Medical Center, The Links Queen Creek Golf Course and Ocotillo Trails Marketplace. The 75-plus population within a five-mile radius of the community …

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Assisted LivingCaliforniaDevelopmentNews

Spellman Brady Completes Interiors for Arbol Residences in Santa Rosa, California

by Jeff Shaw

SANTA ROSA, Calif. — Spellman Brady & Co. has completed the interior renovation of Arbol Residences, a seniors housing community in Santa Rosa. Spellman Brady’s scope of work included space planning, selection of interior finishes, furniture, and artwork for the common areas and amenities of the community’s assisted living building, as well as interior finishes for resident apartments. Spellman Brady partnered with developer LCS Development, architects Tactic Studios and contractor BNBuilders. Arbol Residences of Santa Rosa Village is a continuing care retirement community in the Sonoma area that offers a …

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AcquisitionsAssisted LivingIndianaNews

Blueprint Brokers Sale of Community in South Bend, Indiana

by Jeff Shaw

SOUTH BEND, Ind. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a seniors housing community in the North Indiana city of South Bend. The late 1990s-built assisted living community experienced occupancy challenges due to the COVID-19 pandemic. The name and number of units at the property were not disclosed. A national owner-operator sold the asset to a private owner partnering with a new operator, both looking to expand in the market. The price was not disclosed. The buyer group plans to reposition the asset as the premier …

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Assisted LivingFinanceNew YorkNews

Greystone Provides $7M in Bridge Financing for Assisted Living Community in Wellsville, New York

by Jeff Shaw

WELLSVILLE, N.Y. — Greystone has provided a $7 million bridge loan to refinance acquisition debt for a 137-bed assisted living facility in Wellsville. Willow Ridge Senior Living LLC, led by principals Michael and Cayelan Morris, acquired the Allegany County facility in August 2021. Formerly known as Manor Hills, the property also includes 22 memory care beds in a separate wing. Greystone intends to pursue HUD-insured financing as a long-term permanent exit of the bridge financing. This nonrecourse, interest-only bridge loan includes an initial 24-month term with two six-month extensions.

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