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American Healthcare REIT Acquires Eight Seniors Housing Communities for $696M

by Hayden Spiess

IRVINE, Calif. —American Healthcare REIT Inc. (NYSE: AHR) has acquired eight senior housing communities in six states for $696 million. The properties, which collectively comprise 867 units and were built between 2020 and 2022, are located in Massachusetts, Connecticut, New Jersey, Pennsylvania, Delaware and Georgia. Newmark acted as AHR’s real estate advisor for the transaction.  While there were multiple sellers, all eight properties were marketed together. AHR purchased 10 communities all together but assigned the purchase and sale agreements of two properties to another institutional investor.  “This series of transactions is …

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AcquisitionsCaliforniaNews

American Healthcare REIT Acquires $572M Portfolio from Kensington Senior Living

by Hayden Spiess

IRVINE, Calif. — American Healthcare REIT has completed the $572 million acquisition of a 464-unit portfolio. Kensington Senior Living is the seller.  The properties, which are also operated by Kensington, are located in the major metros of Los Angeles, New York City, Washington, D.C., and the San Francisco Bay Area. The six-community portfolio is part of a broader, eight-community portfolio totaling 745 units. American Healthcare plans to acquire the remaining two properties, bringing the total purchase price for the eight communities to $873 million. According to a press release issued by …

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Affordable HousingCaliforniaDevelopmentFinanceNews

Merchants Capital Provides $193.8M in Construction Financing for Affordable Communities Near Sacramento 

by Hayden Spiess

ROCKLIN, Calif. — Merchants Capital has provided $193.8 million in construction financing for the development of two new affordable multifamily communities in Rocklin, about 20 miles northeast of Sacramento.   Dubbed The Frances and The Steven, the properties are being developed by USA Properties Fund. Upon completion, The Steven will feature 180 units for seniors age 55 and older, with residences reserved for renters earning between 30 and 70 percent of the area median income. Nonprofit LifeSTEPS will provide support services including classes in health and wellness, financial literacy, computer training, homebuying, …

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AcquisitionsAssisted LivingCaliforniaMemory CareNews

Clarion Partners Acquires 94-Unit Community in Rohnert Park, California

by Hayden Spiess

ROHNERT PARK, Calif. — Clarion Partners has acquired Clearwater at Sonoma Hills, a 94-unit senior living community located in Rohnert Park, roughly 50 miles north of San Francisco. The seller and sales price were not disclosed.  Built in 2020, the property features 70 assisted living units and 24 memory care residences, with capacity for 100 residents. Amenities at the 49,000-square-foot community include a theater, art studio, fitness center, putting green and landscaped outdoor gathering spaces.  Clearwater Living will continue to manage the property on behalf of Clarion Partners. John Sweeny, Aron …

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CaliforniaDevelopmentNews

PMB, Pillar Properties to Develop 295,000 SF Community at San Diego State University

by Hayden Spiess

SAN DIEGO — PMB and Pillar Properties will develop a new senior living community at San Diego State University.  Dubbed SDSU Mission Valley, the project will total 295,000 square feet across seven stories and will feature 224 independent and assisted living units, as well as 26 memory care residences. Amenities at the property will include a restaurant and bistro, community room, fitness center, rooftop deck, swimming pool and outdoor courtyard. Urbal Architecture is serving as the architect. Construction is scheduled to begin at the end of 2027, with completion expected in …

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Danielian Associates Architects + Planners Acquires Seniors Housing Architect Irwin Partners

by Hayden Spiess

IRVINE, Calif. — Danielian Associates Architects + Planners has expanded with the acquisition of Irwin Partners Architects, a firm dedicated to seniors housing. Founded in 1966, Irwin Partners is based in Costa Mesa, California.  This marks California-based Danielian’s strategic expansion into the seniors housing sector, as well as rehabilitation and adaptive reuse projects.  Together, the firms have more than 100 years of combined architectural experience.  Irwin Partners’ recent projects include the redevelopment and expansion of a Viva Senior Living community in Princeton, Texas, and Protea St. Johns, a new 181,000-square-foot senior …

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AcquisitionsCaliforniaIndependent LivingNews

Harrison Street Sells 136-Unit Independent Living Community in California

by Hayden Spiess

OXNARD, Calif. — Harrison Street has completed the sale of Clearwater at Riverpark, a 136-unit independent living community located in Oxnard, approximately 65 miles northwest of Los Angeles.  Built in 2018, the property totals 153,297 square feet. Amenities at the community include multiple dining venues, a swimming pool, fitness center, theater, salon and spa, putting green and dog park.  Aaron Rosenzweig and Dan Baker of JLL Capital Markets brokered the transaction on behalf of Harrison Street. The buyer and sales price were not disclosed.  “Clearwater at Riverpark exemplifies the institutional-quality independent …

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AcquisitionsAssisted LivingCaliforniaIndependent LivingMemory CareNews

LTC Adds $40M Community to SHOP Portfolio 

by Hayden Spiess

WESTLAKE VILLAGE, Calif. — LTC Properties (NYSE: LTC) has completed the $40 million acquisition of a senior living community located in Wisconsin, adding the property to its senior housing operating portfolio (SHOP).  Health Dimensions Group (HDG) operates the community, which totals 147 independent living, assisted living and memory care units. HDG is a new operating partner for LTC.  LTC first launched its SHOP platform in May 2025. According to the company, LTC plans to complete an additional $95 million in SHOP acquisitions within the next month. 

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Marcus & Millichap Brokers $12.5M Sale of Affordable Housing Community in Southern California

by Hayden Spiess

LA MESA, Calif. — Marcus & Millichap has brokered the $12.5 million sale of Guava Gardens, an affordable seniors housing community located in La Mesa. Los Angeles-based Positive Investments was the buyer.  Built in 1986, the property totals 81 units, with 40 studio apartments and 41 one-bedroom apartments. Residences are reserved for seniors age 62 and older. Amenities at the community include a swimming pool, spa, recreation room, outdoor gathering areas, laundry facilities and dedicated parking.  Christopher Zorbas, Graeme Henderson and Austin Huffman of Marcus & Millichap represented the undisclosed seller …

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Affordable HousingCaliforniaDevelopmentNews

Wellpointe to Develop $2B Affordable Seniors Housing Campus in Los Angeles

by Hayden Spiess

LOS ANGELES — Wellpointe has announced plans for the development of a new affordable seniors housing campus within the Warner Center master-planned district in Los Angeles.  Wellpointe estimates a total investment of $2 billion in the project, which will be developed in four phases. A property-holding affiliate of Wellpointe acquired the 4.7-acre development site late last year from Parkview Financial.  Upon completion, Viva L.A. Warner Center will comprise four high-rise towers ranging from 34 to 42 stories. The 2.2 million-square-foot development will total 3,192 units, as well as 61,450 square feet …

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