Monday, June 30, 2025
Read the Magazine Subscribe

Development

Culbreath_Dallas
Affordable HousingDevelopmentFinanceNewsTexas

Lument Arranges $33.6M Construction Loan for Affordable Housing Development in Dallas

by Hayden Spiess

DALLAS — Lument Real Estate Capital has arranged a $33.6 million Freddie Mac loan to facilitate the construction of a new affordable seniors housing development in Dallas. The borrowers are DHA Housing Solutions of North Texas and Volunteers of American National Services (VOANS). Tracy Peters and Dale Giffey of Lument led the transaction.  In addition to the $33.6 million Freddie Mac Tax-Exempt Loan (TEL), Lument Securities provided bond underwriting services for $45.6 million in tax-exempt cash collateralized bonds. The total project cost is $96.7 million.  Upon completion, the property, dubbed The …

Continue Reading
0 FacebookTwitterLinkedinEmail
Benchmark-Cedar-Grove_Cedar-Grove-N.J
Assisted LivingDevelopmentIndependent LivingMemory CareNew JerseyNews

Benchmark to Open 138-Unit Community Near New York City

by Hayden Spiess

CEDAR GROVE, N.J. — Benchmark Senior Living has announced plans to open a new community in Cedar Grove, roughly 20 miles northwest of New York City.  Upon completion, the property — dubbed Benchmark at Cedar Grove — will total 138 apartments, with independent living, assisted living and memory care units. Situated on 5.5 acres, the building will comprise 145,000 square feet. Amenities at the community will include multiple dining venues, a pub/bistro, arts and activity spaces, a sports lounge, two hair salons, a wellness center and exterior courtyards.  Benchmark is developing …

Continue Reading
0 FacebookTwitterLinkedinEmail
Brightview-Joys-Farm_Paramus-N.J
Assisted LivingDevelopmentIndependent LivingMemory CareNew JerseyNews

Brightview to Develop 332-Unit Senior Living Community in Paramus, New Jersey

by Hayden Spiess

PARAMUS, N.J. — Brightview Senior Living will develop a new, 332-unit community in Paramus. Construction on the project is scheduled to begin this month.  Upon completion, Brightview Joy’s Farm will total 55,192 square feet, with 162 independent living units and a separate, 170-unit assisted living and memory care facility. Amenities at the property will include a clubhouse, swimming pool, fitness and entertainment venues and covered parking garages.  The project team includes general contractor IMC Construction, Market Square Architects and T&T Construction Management Group, which is handling the specialty concrete construction.  The …

Continue Reading
0 FacebookTwitterLinkedinEmail
CBRE Seniors Valuation June panel
AcquisitionsActive AdultAffordable HousingAssisted LivingCCRCDevelopmentFinanceIndependent LivingIndustry ContentInvestmentMemory CareOperationsSkilled NursingTechnologyVideosWebinars

Webinar: 2025 Seniors Housing Investment Outlook — Where Is Deal Velocity Now and Where Is It Headed?

by Sarah Daniels

The June 17 webinar “2025 Seniors Housing Investment Outlook — Where Is Deal Velocity Now and Where Is It Headed?” sponsored by CBRE, convened a powerhouse panel of executives from across the investment, development, lending and operating landscape. The session delivered candid insights on the seniors housing market’s shifting terrain as panelists discussed capital market dynamics, operational challenges and forward-looking investment and development strategies. The webinar addressed critical questions facing the seniors housing sector as we move into the second half of 2025: Who’s investing? What capital is available? How …

Continue Reading
0 FacebookTwitterLinkedinEmail
Plaza-Grande_Cherry-Hill-N.J
Active AdultDevelopmentFinanceNew JerseyNews

Procida Secures $140M Loan for Active Adult Development in Cherry Hill, New Jersey 

by Hayden Spiess

CHERRY HILL, N.J. — Procida Funding & Advisors has secured a $140 million loan for the completion of the development of The Plaza Grande, a new active adult community currently underway in Cherry Hill.  Madison Realty Capital and Pearlmark provided the financing. Madison Realty Capital also provided a construction loan for the project in 2021.  Upon completion, The Plaza Grande will comprise 507 units for residents age 55 and older. Amenities at the community, which will feature an 18,500-square-foot clubhouse, will include indoor and outdoor pools, tennis courts, pickleball courts, theaters, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Glen-Heather-Farm_Walnut-Creek-Calif
Assisted LivingCaliforniaDevelopmentIndependent LivingMemory CareNews

Continuing Life Underway on 354-Unit Community in Walnut Creek, California

by Hayden Spiess

WALNUT CREEK, Calif. — Continuing Life LLC is currently underway on the development of The Glen at Heather Farm, a new seniors housing community in Walnut Creek.  Upon completion, the property will total 354 units in the form of both apartments and single-story homes. In addition to independent living, the community will offer assisted living and memory care services, as well as long-term care options at an adjacent health center.  Amenities at the property will include multiple dining venues, a health spa, aquatic center, theaters and pickleball and tennis courts.  The …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ekos Cadenza
Affordable HousingDevelopmentFloridaNews

McDowell Housing Partners Completes Construction of 160-Unit Affordable Housing Community in Florida

by Hayden Spiess

NAPLES, Fla. — McDowell Housing Partners (MHP) has completed the construction of Ekos Cadenza, a 160-unit affordable seniors housing community in Naples. This marks MHP’s second phase of development at the site. The first phase, which also comprises 160 units of affordable housing for seniors, opened in October 2024.  Totaling five stories, Ekos Cadenza features studio, one- and two-bedroom residences ranging from 527 to 1,007 square feet. Amenities at the community include a swimming pool, wet bar, fitness center, game room, media center, pickleball court and clubhouse.  The Healthcare Network of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Aspendale-Northglenn_Northglenn-Colo
Active AdultColoradoCompany NewsDevelopmentNews

Headwaters Group Launches New Aspendale Active Adult Brand

by Hayden Spiess

DENVER — Headwaters Group, a Denver-based real estate owner and developer, has launched a new active adult brand.  Dubbed Aspendale, the brand will serve residents age 55 and older at a portfolio of communities across Colorado and the western U.S.  The current Aspendale portfolio comprises four communities scheduled to open between late 2025 and mid-2026. Located in Centennial, Colorado, Aspendale Centennial will total 200,000 square feet and 172 apartments. Now leasing, the property is scheduled to open in late 2025.  Aspendale Northglenn in Northglenn, Colorado, is also currently leasing and totals …

Continue Reading
0 FacebookTwitterLinkedinEmail
Parkview-Glendale-Redevelopment
Affordable HousingCaliforniaDevelopmentNews

EAH Housing to Redevelop Assisted Living Community in California Into Affordable Housing 

by Hayden Spiess

GLENDALE, Calif. — EAH Housing, a nonprofit housing developer and manager, has announced plans to redevelop Parkview Glendale, an assisted living community located in Glendale.  Upon completion, the property will feature 68 units of affordable housing for seniors. Originally built in 1973, the community will comprise 20 studio apartments ranging from 350 to 360 square feet and 47 one-bedroom apartments ranging from 400 to 475 square feet, as well as a 750-square-foot manager unit.  Amenities at the 43,000-square-foot property will include a community room, community garden, courtyards and a resident lounge.  …

Continue Reading
0 FacebookTwitterLinkedinEmail
Braemar-Living_Montebello-N.Y
Assisted LivingDevelopmentMemory CareNew YorkNews

FilBen Group, RSF Partners Open $54M Community in Montebello, New York

by Hayden Spiess

MONTEBELLO, N.Y. — Developer and owner FilBen Group and partner private equity firm RSF Partners have opened Braemar Living at Montebello, a $54 million senior living community in Montebello, roughly 40 miles outside New York City.  Totaling 133,675 square feet and 133 apartments across four stories, the property features assisted living residences and a dedicated 32-bed memory care unit. The community can accommodate up to 200 residents.  Amenities at the community include a pub and game room, café, business lounge, general store, arts and crafts room, family lounge, beauty salon, coffee …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts