Development

Sunrise-Long-Beach_Long-Beach-Calif
Assisted LivingCaliforniaDevelopmentFinanceMemory CareNews

Quality Senior Housing Foundation, Sunrise Senior Living Receive $80.1M Financing for New Community in Southern California

by Hayden Spiess

LONG BEACH, Calif. — Quality Senior Housing Foundation and Sunrise Senior Living have received $80.1 million in financing for the development of a new community in Long Beach. JLL Capital Markets and H.J Sims arranged the tax-exempt bond financing on behalf of the borrowers.  Quality Senior Housing Foundation will own the community, which Sunrise Senior Living will operate. Upon completion, the property — Sunrise of Long Beach — will comprise 102 licensed beds across 86 apartments. Residences will include 62 assisted living units and 24 memory care units. Sunrise Development Inc. …

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SRSE
DevelopmentFeaturesNews

InterFace Panel: Seniors Housing Developers Can Cut Costs by Eliminating ‘Wasted Space’

by Hayden Spiess

ATLANTA — In today’s high-cost environment where obtaining development financing remains tricky, seniors housing builders are focused on cutting expenses — whether it be shrinking spaces or eliminating underutilized amenities altogether. That was the major takeaway from the development panel at the 12th annual InterFace Seniors Housing Southeast conference, which took place at the InterContinental Hotel in Atlanta on Wednesday, Aug. 27. The panel, which was titled “When Will Development Rebound? Outlook & Strategies for 2026,” included Richard Ackerman, managing partner of Big Rock Partners; Joe Jasmon, CEO of American …

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Woodland-Cottages
DevelopmentNewsOperationsTexas

Carbon Shepherd Prepares to Open Woodland Cottages Westover Hills

by Lynn Peisner

SAN ANTONIO — Carbon Shepherd Development, a partnership between two commercial real estate firms, is preparing to welcome residents to Woodland Cottages Westover Hills, a gated active adult retirement community with single-family residences in San Antonio. The 78-cottage community officially opens later this month and features a community center and pool as well as an outdoor pickleball court. An all-inclusive monthly rate includes utilities, Wi-Fi, trash service, pest control and maintenance. This is the third Woodland Cottages location; Carbon Shepherd has others in Belton and College Station, Texas.

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Forest-Glen-Titusville
Affordable HousingDevelopmentFloridaNews

Housing Trust Group, HFH Supportive Housing Plan 80-Unit Affordable Seniors Community in Titusville, Florida

by Lynn Peisner

TITUSVILLE, Fla. — Housing Trust Group (HTG) has secured financing and began construction on Forest Glen, an. 80-unit, $28 million affordable seniors housing community in Titusville. The project is HTG’s second in Titusville and third development built in partnership with HFH Supportive Housing, a nonprofit dedicated to providing affordable housing and support services in Brevard County. Forest Glen will have 72 one-bedroom units and eight two-bedroom units with rents ranging from $750 to $1,350 per month for income qualifying residents who earn at or below 40 percent and 60 percent …

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Hawthorne-Heights
Affordable HousingDevelopmentFinanceFloridaKeyBankNews

National CORE Secures Funding for Affordable Community in Gainesville, Florida

by Lynn Peisner

GAINESVILLE, Fla. — KeyBank Community Development Lending and Investment has provided a $13 million construction loan to National CORE, a nonprofit developer, to finance Hawthorne Heights, an 86-unit affordable seniors housing project in Gainesville. KeyBank Commercial Mortgage Group also arranged a $6.5 million Freddie Mac permanent loan for the project.  Hawthorne Heights will serve seniors aged 62 and older with five units specifically set aside for individuals with special needs. The five-story building will be constructed on a 3-acre site, and, in addition to the special-needs units, will offer three …

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Liberty-Heights
ColoradoDevelopmentNews

Ventas Completes $3.7M Renovation at Liberty Heights in Colorado Springs

by Hayden Spiess

COLORADO SPRINGS, Colo. — Ventas has completed a $3.7 million renovation at Liberty Heights, its senior living community in Colorado Springs.  The project included updates to the property’s dining room, resident corridors and shared spaces, with improvements to lighting, flooring and finishes. Blackcomb Construction Group partnered with the owner on the renovation.  Situated on 26 acres, Liberty Heights totals 234 residences and offers a full continuum of care. Senior Lifestyle manages the property on behalf of Ventas. 

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Serenova-Woodforest_Montgomery-Texas
Active AdultDevelopmentNewsTexas

Joint Venture to Develop 165-Unit Active Adult Community in Metro Houston

by Hayden Spiess

MONTGOMERY, Texas — A joint venture between Edison Equity Residential and ARCTRUST has announced plans to develop a 165-unit active adult community in Montgomery, located about 55 miles northwest of Houston.  Construction began in August, with the first move-ins scheduled to begin in November 2026. The community will be situated within the larger Woodforest master-planned development. Upon completion, Serenova at Woodforest will feature 133 one- and two-bedroom apartments and 32 private villas for residents age 55 and older.  Designed as a “concierge community,” Serenova at Woodforest will also offer personal assistance …

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Park-Pointe-Village_Rock-Hill-S.C
Assisted LivingDevelopmentIndependent LivingMemory CareNewsSouth Carolina

Acts Retirement-Life Communities Plans Expansion at Park Pointe Village in South Carolina

by Hayden Spiess

ROCK HILL, S.C. — Nonprofit owner and operator Acts Retirement-Life Communities has announced plans for the expansion of Park Pointe Village in Rock Hill.  Upon completion, the project will add 130 new independent living units, including both apartments and carriage homes, as well as 20 assisted living suites and a memory care neighborhood. In addition, Acts plans to develop an 18,000-square-foot clubhouse as part of the expansion. Plans also feature new indoor and outdoor amenities, including walking trails, pickleball courts and new restaurants and gathering spaces.  Acts currently manages 28 senior …

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Hawthorne-Heights_Gainesville-Fla
Affordable HousingDevelopmentFinanceFloridaNews

National CORE Receives $19.5M Construction Financing for Affordable Seniors Housing Project in Florida

by Hayden Spiess

GAINESVILLE, Fla. — Nonprofit developer National CORE has received $19.5 million in construction financing to fund the development of Hawthorne Heights, a new affordable seniors housing project in Gainesville.  KeyBank Community Development Lending and Investment provided a $13 million loan and secured a $6.5 million Freddie Mac permanent loan on behalf of the borrower.  National CORE received additional funding from Red Stone, which provided low-income housing tax credit equity and bonds from the Florida Housing Finance Corp., for the project. The project also qualifies for real estate tax abatement. Upon completion, …

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Trillium-Woods_Plymouth-Minn
Assisted LivingDevelopmentIndependent LivingMemory CareMinnesotaNews

Kraus-Anderson Completes $41.8M Expansion at Trillium Woods in Plymouth, Minnesota

by Hayden Spiess

PLYMOUTH, Minn. — Construction firm Kraus-Anderson has completed the second phase of a $41.8 million expansion at Trillium Woods, a senior living community located in Plymouth.  Designed by Pope Design Group, the expansion totals 160,321 square feet across five stories and adds 18 assisted living units, 16 memory care units, 52 independent units and 67 underground parking spaces.  Construction on the project began in April 2024.  Amenities at Trillium Woods include an indoor pool, salon, day spa, fitness center, pub, café, pickleball court, library, auditorium, art studio and guest suites. Life …

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