MARANA, Ariz. — Stellar Senior Living has acquired La Sonora at Dove Mountain, a seniors housing community located in Marana, roughly 20 miles northwest of Tucson. Totaling 152 units, the property features independent living, assisted living and memory care residences. The seller and sales price were not disclosed. Stellar Senior Living, which was founded in 2011, is headquartered in Salt Lake City.
SHEBOYGAN, Wis. — Nuveen Green Capital has provided $10.6 million in C-PACE financing for the construction of a new senior living development in Sheboygan. North Town Partners is the borrower. Upon completion, Charter Senior Living Sheboygan will total 182 independent, assisted living and memory care units within a 191,000-square-foot building. Charter Senior Living Sheboygan is being developed jointly by DMK Development Group, North Town Partners and Charter Senior Living. The project’s total cost is $55 million.
In seniors housing, safety isn’t just a protocol; it’s a promise. With residents and their loved ones relying on clear communication and quick responses, creating and maintaining a robust emergency action plan (EAP) tailored for senior living communities is essential. From fires and severe weather to power outages and elevator malfunctions, preparation and well-tested systems can help to keep seniors safe and cared for, while reassuring families and reducing property risk. Here’s how owners and operators can build a safer, more responsive environment for residents, staff and families alike. EAP: …
NAPLES and SARASOTA, Fla. — Real estate investment management firm Town Lane has acquired two independent living communities located in Florida. Together the properties total 373 units. Located in Naples, Discovery Village Naples was opened in 2020. Discovery Village Sarasota Bay in Sarasota was opened in 2022. Both communities are located on campuses that also house assisted living and memory care facilities. Discovery Senior Living will continue to lease and operate the communities. Amenities at the properties include outdoor courtyards and pools, fitness and rehab spaces, theaters and beauty salons. “The …
NEWTON, Mass. — MassDevelopment has issued a $134.9 million tax-exempt bond to Lasell Village Inc. for the renovation and expansion of a senior living community located on the campus of Lasell University in Newton. The financing will fund the purchase of 1.4 acres of land owned by Lasell University and the construction of a new building. Upon completion, the new building will feature 42 independent living apartments, a bistro, fitness and wellness centers, a multipurpose room, common space and other amenities. Lasell Village is a charitable corporation that was formed in …
HERNANDO, Fla. and CORALVILLE, Iowa — Chicago Pacific Founders (CPF) has acquired two senior living communities, The Summit of Citrus Hills and The Summit of Coralville. Located in Hernando, Florida, and Coralville, Iowa, respectively, The Summit of Citrus Hills and The Summit of Coralville feature independent living, assisted living and memory care units. Previously known as Grand Living at Citrus Hills and Grand Living at Bridgewater, the communities will now be operated by Grace Management Inc., a subsidiary of CPF. According to CPF, the acquisitions align with the company’s strategy of …
CINCINNATI — Berkadia has brokered the sale of a 146-unit community located in metro Cincinnati. Built in 2021, the property features independent living, assisted living and memory care residences. Leo Brown Group, which developed the community, was the seller. Traditions Management will continue to operate the property. As of June 2025, the community was 95 percent occupied. Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia Seniors Housing & Healthcare arranged the transaction on behalf of the seller.
NEW YORK CITY — Berkadia has arranged the $627.2 million refinancing of a seniors housing portfolio. Austin Sacco, Steve Muth, Garrett Sacco and Alec Rosenfeld of Berkadia Seniors Housing & Healthcare secured the financing on behalf of an undisclosed borrower. Located across 15 states, the portfolio comprises 4,395 units across 35 properties. Communities within the portfolio feature independent living, assisted living and memory care residences. This marks one of the largest seniors housing refinancings in recent years, according to New York-based Berkadia. “We are thrilled to have represented such a premier …
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 …
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 …
