Development

Avanti-Hills_Mesquite-Texas
Affordable HousingDevelopmentFinanceNewsTexas

Walker & Dunlop Arranges $30M Financing for Affordable Seniors Housing Project in Texas

by Hayden Spiess

MESQUITE, Texas — Walker & Dunlop has arranged approximately $30 million in financing for Avanti Hills, an affordable seniors housing community currently under development in Mesquite in the Dallas-Fort Worth metro. The project is being developed by a joint venture between KCG Development, The Javelin Group and the Mesquite Housing Finance Corp.  Walker & Dunlop Affordable Housing Equity provided low-income housing tax credit (LIHTC) equity for the project, which is supported by tax-exempt bond financing through the Mesquite Housing Finance Corp. Citi Community Capital and Bank of America are serving as …

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Winsberg-Green-Cay_Boynton-Beach-Fla
CCRCDevelopmentFloridaNews

Florida Nonprofit Breaks Ground on $380M CCRC in Boynton Beach

by Hayden Spiess

BOYNTON BEACH, Fla. — Green Cay Life Plan Village Inc., a nonprofit corporation, has broken ground on a continuing care retirement community (CCRC) project in Boynton Beach, approximately 30 miles north of Fort Lauderdale. The Winsberg at Green Cay will mark the first new CCRC in the county since 2016.  Upon completion, the project — which was first announced in 2022 — will span 15 acres. The community will total 220 residences in a 510,000-square-foot building, with 189 independent living units and 32 assisted living and memory care units. Amenities will include …

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RISE_Jacksonville-Fla
Active AdultDevelopmentFinanceFloridaNews

BWE Arranges $101M Bridge Loan for Active Adult Community in Jacksonville

by Hayden Spiess

JACKSONVILLE, Fla. — BWE has arranged a $101 million bridge loan for the refinancing of RISE at Glen Kernan Park, a newly delivered active adult community in Jacksonville. Developer and property management firm RISE is the borrower.  Rise at Glen Kernan Park, which totals 308 units, received its final certificate of occupancy in May 2026. Residences at the community include one- and two-bedroom apartments and single-story cottages reserved for residents age 55 and older. Amenities at the property include a clubhouse, fitness facility, swimming pool, pickleball courts and a bar and …

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Brice-Pointe_New-Bern-N.C.
CCRCDevelopmentNewsNorth Carolina

ThriveMore Plans 70-Acre CCRC in North Carolina

by Hayden Spiess

NEW BERN, N.C. — ThriveMore’s board of trustee’s has approved the next phase of design and development for Brice Pointe, the organization’s new continuing care retirement community (CCRC) in New Bern in coastal North Carolina.  Situated on a 70-acre campus, the development will feature 152 independent living apartments; 52 villas and cottages; and 18 assisted living, memory care and skilled nursing units. Amenities at the CCRC will include walking trails, outdoor gathering spaces, wellness and educational opportunities and access to nearby golf, pickleball and tennis facilities.  The community is scheduled to …

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Serenova-Dripping-Springs_Dripping-Springs-Texas
Active AdultDevelopmentNewsTexas

ARCTRUST, Edison Equity Residential to Develop 175-Unit Active Adult Community in Texas

by Hayden Spiess

DRIPPING SPRINGS, Texas — ARCTRUST Private Capital and Edison Equity Residential have announced plans to develop a new active adult community in Dripping Springs, roughly 25 miles west of Austin.  Upon completion, Serenova at Dripping Springs will total 175 units reserved for residents age 55 and older. Residences will include 133 one-and two-bedroom apartments, as well as 42 private villas. Amenities at the property will include a restaurant and bar, fitness centers, a swimming pool, creative arts studio, club room, community lounge and marketplace and concierge services including assistance with reservations, …

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The-Steven_Rocklin-Calif
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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Sharon-SouthPark_Charlotte-N.C
CCRCDevelopmentFinanceNewsNorth Carolina

Ziegler Closes $166.4M Bond Financing for Community Expansion in Charlotte

by Hayden Spiess

CHARLOTTE, N.C. — Ziegler has closed approximately $166.4 million in bond financing on behalf of The Presbyterian Home at Charlotte, doing business as The Sharon at SouthPark.  Originally founded in 1964, the organization owns and operates a continuing care retirement community in Charlotte. Situated on 28.1 acres in the SouthPark area of Charlotte, the community currently features 247 independent living residences, 38 assisted living units and 96 skilled nursing beds.  Proceeds from the financing will be used to fund an expansion project at the property. The expansion will add 64 new …

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All-Seasons-Delray_Delray-Beach-Fla
Assisted LivingDevelopmentFloridaIndependent LivingNews

ANF Tops Out Luxury Community in South Florida

by Hayden Spiess

DELRAY BEACH, Fla. — Construction and development firm ANF has completed the topping out of All Seasons Delray, a luxury senior living community currently underway in Delray Beach.  Beztak is the developer.  Upon completion, the property will feature 153 units, with 92 independent living apartments and 61 assisted living residences. Amenities at the community will include a swimming pool, landscaped courtyard, pub, theater, library, game room, fitness center, pottery and arts studios, multipurpose activity spaces and an onsite medical center.  Completion of All Seasons Delray is scheduled for the first quarter …

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DevelopmentFinanceNew JerseyNews

Joint Venture Receives $84.7M Bond Financing for Development West of New York City

by Hayden Spiess

PEAPACK-GLADSTONE, N.J. — Peapack Partners LLC — a joint venture between Distinctive Living Development, Melillo Equities and Pointsfive — has received $84.7 million in bond financing for the development of a seniors housing community in the New Jersey borough of Peapack-Gladstone, approximately 50 miles west of New York City.  Ziegler arranged the financing on behalf of the joint venture.  The project is an adaptive reuse of the former Pfizer Pharmaceuticals corporate headquarters. The financing will support the development of 66 assisted living units and 30 memory care units. Dubbed CopperWood Senior …

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SDSU-Mission-Valley_San-Diego
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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