BIRMINGHAM and TUSCALOOSA, Ala. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 194-unit portfolio located in Alabama. The portfolio includes Regency Retirement Village of Birmingham and Regency Retirement Village of Tuscaloosa. Totaling 87 units, the Birmingham community features 38 independent living, 24 assisted living and 25 memory care residences. The Tuscaloosa community features 107 units, with 26 independent living residences and 81 assisted living and memory care residences. Ryan Saul, Daniel Geraghty and Brad Clousing of SLIB brokered the sales on behalf of the seller, a Tennessee-based …
PINAL COUNTY, Ariz. — Investcor has announced plans for Mojave Sage, a new luxury seniors housing community to be located in Pinal County, southeast of Phoenix. Upon completion, Mojave Sage will total 117 residences, with assisted living and memory care units. Amenities at the community will include a full-service beauty salon, fitness and wellness center, movie room, gathering areas, private courtyards, outdoor spaces, gardening programs, a dog park and onsite store. Komo Architecture is designing the project, and KBE Building Corp. will serve as the general contractor. Construction is expected to …
NEW YORK CITY — Berkadia has provided $25.8 million in financing for the acquisition of two memory care facilities located in upstate New York. The bridge loans feature a 24-month interest-only term with one 12-month extension option. Steve Muth and Ed Williams of Berkadia arranged the financing through Berkadia’s Proprietary Lending Group on behalf of the West Coast-based borrower. Together, the two facilities total 116 beds and were 94 percent occupied at the time of financing. The existing operator will remain in place following the acquisition.
Navigating complex, siloed operating systems to update residents’ medical data is a common source of frustration for managers of seniors housing portfolios. At Leisure Care, one of the nation’s largest privately held retirement and assisted living companies, this particular pain point was consuming much of the clinical staff’s working hours and detracting from their available time to care for residents. Diane Umayam, Leisure Care’s vice president of Health Services at the Seattle, Washington-based organization, noted that the electronic health record (EHR) software her teams were using often required them to …
Seniors Housing Business and EyeWatch LIVE held the webinar, “The Case for Prevention — How Senior Living Operators Are Reducing Falls by 69%,” on April 22. The panel examined what a prevention-driven approach to resident safety looks like in practice — and what it means for occupancy, liability exposure, and asset value. Panelists Marisa Strain of SRI Management, Melissa Gassaway of YourLIFE Senior Living, Richard Dahm of Gallagher Insurance and Valerie Whitman of EyeWatch LIVE shared perspectives on staff adoption and claims defensibility — as well as how AI-powered virtual …
JACKSONVILLE BEACH, Fla. — Continuum Advisors has brokered the sale of Beach House Senior Living, an assisted living and memory care community located on a barrier island in Jacksonville Beach, roughly 20 miles east of Jacksonville. Built in 2014, the property totals 84 units, with 64 assisted living and 20 memory care units. An institutional joint-venture ownership group was the buyer. An entity doing business as Auerbach Opportunity Fund IV LP is the majority stakeholder of the buyer group.
CORVALLIS, Ore. — Bonaventure Senior Living is currently underway on the development of a new community in Corvallis. Scheduled to open in late 2027, the property will feature independent living, assisted living and memory care units. Amenities at the community will include a bistro, golf simulator, fitness center, library, theater room, salon and barber shop, activity and game rooms, courtyards and scheduled transportation services. The community will also include Bonaventure’s Life Stations, which recreate familiar environments for memory care residents. At the Corvallis community, these will include an Artists Life Station, …
WINTER GARDEN, Fla. — NEI General Contracting has completed the construction of a new senior living community located in Winter Garden. Dubbed Mission Grove at Stoneybrook, the property totals 166 units, with independent living and assisted living apartments and a dedicated memory care space. Amenities at the community include a swimming pool, pickleball courts, fireside lounges and a grab-and-go café. NEI acted as the general contractor on behalf of the developer, Leo Brown Group.
DENVER — Lightstone Capital has provided a $20 million first mortgage bridge loan to refinance Harvard Square by Cogir, a senior living community located in Denver. Funds managed by affiliates of Fortress Investment Group own the property, which is managed by Cogir Senior Living. Harvard Square by Cogir totals 216 units across four stories, with independent living, assisted living and memory care residences. Amenities at the property include a fitness center, activities room, golf simulator, library, salon and barbershop, café and pub. According to Lightstone Capital, this financing reflects the platform’s …
PHOENIX — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of a senior living community totaling more than 100 units in metro Phoenix. Built in 2021, the community features independent living, assisted living and memory care residences. Clarion Partners acquired the property from Civitas Capital Group for an undisclosed price. Stellar Senior Living will operate the community on behalf of Clarion Partners.