Memory Care

ASC Breaks Ground on 377-Unit Community in Athens, Georgia

by Hayden Spiess July 30, 2025

ATHENS, Ga. — Active Senior Concepts (ASC) has broken ground on Celebration Village Athens, a new senior living community in Athens, roughly 80 miles northeast of Atlanta. Upon completion, the development will total 377 units, with 96 bungalows, 20 independent living cottages, 70 independent living villas, 96 concierge living apartments, 66 assisted living apartments and 29 memory care suites. Celebration Village Athens will also feature a 30,000-square-foot Celebration Club and 4,000-square-foot spa and wellness center. Amenities at the community will include pickleball and bocce ball facilities, pavilions with grill stations, fire …

July 30, 2025

Assisted Living Development Florida Memory Care News

Chancey Completes Development of 86-Unit Community in Marco Island, Florida

by Hayden Spiess July 25, 2025

MARCO ISLAND, Fla. — Chancey Development, in partnership with BRW Development and Watermark Retirement Communities, has delivered The Watermark at Marco Island, a new, 86-unit community in Marco Island. This marks the first senior living community on the island. Totaling 103,000 square feet, the property features 66 assisted living and 20 memory care units. Chancey Architecture & Design designed the community, with Wichman Construction serving as the general contractor. Chancey also partnered with the City of Marco Island to create a public park adjacent to the property, which is located with …

July 25, 2025

Acquisitions Arizona Assisted Living Independent Living Memory Care News

Stellar Senior Living Acquires Community in Marana, Arizona

by Hayden Spiess July 18, 2025

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.

July 18, 2025

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Nuveen Provides $10.6M C-PACE Financing for Development in Wisconsin

by Hayden Spiess July 14, 2025

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.

July 14, 2025

Assisted Living Memory Care Michigan News

BHI Provides $49M Bridge-to-HUD Financing for Portfolio in Michigan

by Hayden Spiess July 11, 2025

DETROIT — BHI, the U.S. branch of Bank Hapoalim B.M., has provided $49 million in bridge-to-HUD financing for a portfolio of three communities located in suburbs of Detroit. Shahid Imran, doing business as Hampton Manor, is the borrower. The portfolio includes Hampton Manor of Dundee, Hampton Manor of Trenton and Hampton Manor of Hamburg. Together, the communities total 221 units, with 171 assisted living and 50 memory care units. Proceeds from the bridge-to-HUD facility will be used refinance existing debt and facilitate a partnership buyout, with Imran assuming full ownership of …

July 11, 2025

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Chicago Pacific Founders Acquires Communities in Florida, Iowa

by Hayden Spiess July 8, 2025

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 …

July 8, 2025

Acquisitions Assisted Living Independent Living Memory Care News Ohio

Berkadia Brokers Sale of 146-Unit Community in Metro Cincinnati

by Hayden Spiess July 8, 2025

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.

July 8, 2025

Assisted Living Finance Independent Living Memory Care New York News

Berkadia Arranges $627.2M Refinancing for Seniors Housing Portfolio

by Hayden Spiess July 2, 2025

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 …

July 2, 2025

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SLIB Brokers Sale of 74-Unit Facility in Douglas, Wyoming

by Hayden Spiess June 27, 2025

DOUGLAS, Wyo. — Senior Living Investment Brokerage (SLIB) has brokered the sale of Douglas Care Center and Mountain Lodge, a senior living and skilled nursing facility located in Douglas. The facility totals 74 units with 96 beds across two adjacent properties, with assisted living, memory care and skilled nursing offerings. Originally built in 1968, Douglas Care Center was renovated in 2010. Mountain Lodge was developed in 2018. Vince Viverito and Jason Punzel of SLIB arranged the transaction.

June 27, 2025

Assisted Living Development Independent Living Memory Care New Jersey News

Benchmark to Open 138-Unit Community Near New York City

by Hayden Spiess June 25, 2025

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 …

June 25, 2025

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