Independent Living

Senior Living Margins Webinar panel

The March 11 webinar “Senior Living Margins: How to Maintain Rate & Keep the Resident Experience Elevated” sponsored by JD Solutions Group, explored how senior living operators are navigating a paradoxical environment: strong occupancy driven by favorable demographics alongside sustained margin compression from rising labor, insurance and operating costs.  Panelists emphasized that high occupancy alone no longer guarantees financial success, as today’s operating landscape is defined by complexity. Evolving consumer expectations, ongoing staffing challenges, increased regulatory pressures and a rapidly changing digital marketing ecosystem are reshaping the seniors housing outlook. A …

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INDIAN LAND, S.C. and MATTHEWS, N.C. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a two-property portfolio situated in the Charlotte metro. The portfolio includes Ambriant at Avondale in Indian Land, South Carolina, and Ambriant at Austin Village in Matthews, North Carolina.  Ambriant at Avondale comprises 122 independent living units. Ambriant at Austin Village totals 80 independent living units, with one main building and seven duplex cottages. Both communities were developed in 2021.  Bradley Clousing and Daniel Geraghty of SLIB brokered the transaction on behalf of the seller, …

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Expansion-Rendering-Moorings-Arlington-Heights_Arlington-Heights-Ill

ARLINGTON HEIGHTS, Ill. — Presbyterian Living is underway on an expansion project at its campus in Arlington Heights, roughly 25 miles northwest of downtown Chicago.  Upon completion, the 172,000-square-foot expansion will add 70 independent living apartments to The Moorings of Arlington Heights. Designed by Perkins Eastman, the new residences will range from 1,050 to 1,900 square feet, with one- and two-bedroom floorplans.  New amenities featured in the expansion will include walking paths, a larger pond, sitting area and outdoor space.  Skender is serving as the general contractor for the project, which …

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American-House-The-Palms_Fort-Myers-Fla

FORT MYERS, Fla. — American House Senior Living Communities has assumed the management of The Palms of Fort Myers, a seniors housing community located in Fort Myers. American House now operates 14 Ventas-owned properties. The community, which totals 218 units, will be rebranded as American House The Palms. Residences at the property include 148 independent living units, 47 assisted living units and 23 memory care apartments. Amenities at American House The Palms include a bar and cocktail lounge, chapel, covered parking, a library, movie theater and outdoor pool.  “Florida continues to …

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Modena-Green-Oaks_Lake-Bluff-Ill

LAKE BLUFF, Ill. — Town Lane and seniors housing platform Arcole have acquired The Sheridan at Green Oaks in Lake Bluff, roughly 35 miles outside downtown Chicago.  Town Lane and Kelly Sheehy, who serves as managing partner of the platform, launched Arcole late last year. This marks the fifth senior living investment for Town Lane’s inaugural $1.3 billion real estate fund.  Totaling 198 independent living, assisted living and memory care units, The Sheridan at Green Oaks was built in 2016. The community encompasses more than 220,000 square feet on a 17-acre …

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JACKSONVILLE, Fla. — Berkadia has brokered the sale of a 130-unit seniors housing community located near Jacksonville.  Built in 2015, the property offers independent living, assisted living and memory care.  A Maryland-based private equity investment firm sold the community to an undisclosed buyer. Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia represented the seller in the transaction. 

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ROCHESTER, N.Y. — Lument has provided a $58.2 million Freddie Mac loan for the refinancing of a seniors housing campus located in Rochester in Upstate New York. Wegman Cos. is the borrower. Tyler Armstrong, Chris Cain and Taylor Russ of Lument arranged the financing.  Totaling 332 units, the campus features The Village at Unity and The Hamlet and offers independent living, assisted living and memory care. The Village at Unity comprises 272 independent living units, and The Village at Hamlet comprises 40 assisted living and 20 memory care units. Originally built …

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Lakeside-Manor_Reno-Nev

RENO, Nev. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Lakeside Manor in Reno. The independent living community totals 84 units within a 59,605-square-foot building.  A New Mexico-based owner and operator was the seller. A Pennsylvania-based private equity group acquired the property for an undisclosed price.  Vince Viverito and Dave Balow of SLIB brokered the transaction. 

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Bozeman-Lodge_Bozeman-Mont

BOZEMAN, Mont. — Berkadia has arranged $33.8 million in refinancing for Bozeman Lodge, an independent and assisted living community located in Bozeman. Oregon-based Radiant Senior Living is the borrower.  Ed Williams, Steve Muth, Austin Sacco, Garrett Sacco and Alec Rosenfeld of Berkadia secured the financing from a debt fund on behalf of Radiant. The 2.5-year loan features interest-only payments for the full term. This marks the debt fund lender’s first loan within the seniors housing sector. 

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The Hallmark-Uptdown-Oaks

HOUSTON — Nonprofit Brazos Presbyterian Homes has announced plans for a 385,000-square-foot expansion at The Hallmark in Houston.  The project will add a 21-story independent living building, Uptown Oaks,  to the continuing care retirement community. Uptown Oaks will feature 120 high-end units.  Construction on the expansion is expected to begin in 2027.  Amenities at Uptown Oaks will include a yoga studio and massage area, art and hobby studio, café, movie theater and pool area. 

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