Memory Care

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AcquisitionsAssisted LivingFloridaGeorgiaMemory CareNews

Foundry Acquires Five Communities in Georgia, Florida

by Hayden Spiess

ORLANDO, Fla. — Foundry Commercial has acquired five communities located in Georgia and Florida.  Totaling 320 units, the portfolio comprises two communities in Warner Robins and Boynton Ridge, Georgia — purchased in October 2025 — and three communities in Florida, which were acquired in February 2026. The Florida properties are located in Jacksonville, Titusville and Plant City.  Each of the communities will be operated by Allegro Living Management under the Alto brand. Of the units, 220 are assisted living residences, and 100 are memory care units.  “These newer vintage assets, with …

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Assisted LivingFloridaIndependent LivingMemory CareNewsOperations

American House Assumes Management of 218-Community in Fort Myers

by Hayden Spiess

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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AcquisitionsAssisted LivingIllinoisIndependent LivingMemory CareNews

Town Lane, Arcole Acquire 198-Unit Community in Metro Chicago

by Hayden Spiess

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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BWE Arranges Sale, Financing of Metro Nashville Community

by Hayden Spiess

GALLATIN, Tenn. — BWE has arranged the sale and financing of The Capstone at Station Camp, a senior living community located in Gallatin, roughly 30 miles northeast of Nashville.  Totaling 100 units, the property features assisted living and memory care.  Charley Bissell, Ryan Stoll and Taylor Mokris of BWE represented the seller, Hunt Midwest, in the transaction. BWE also secured non-recourse acquisition financing through a regional bank on behalf of the undisclosed buyer.  Kansas City-based Hunt Midwest is a privately held development company that has developed more than 875 assisted living …

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AcquisitionsAssisted LivingFloridaIndependent LivingMemory CareNews

Berkadia Brokers Sale of 130-Unit Community Near Jacksonville, Florida

by Hayden Spiess

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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AcquisitionsAssisted LivingMarylandMemory CareNewsVirginia

Morgan Stanley Sells Spring Arbor Portfolio for $296M 

by Hayden Spiess

NEW YORK CITY — Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing (MSREI), and Foundry Commercial have completed the sale of a portfolio of 11 communities within the Spring Arbor Senior Living collection. An undisclosed buyer purchased the communities for $296 million.  Located in Maryland and Virginia, the properties total 795 assisted living and memory care units. According to Morgan Stanley, the communities surpassed 90 percent occupancy in recent years. Foundry will continue to operate the properties through its affiliated Allegro Living platform.  This marks the …

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AcquisitionsAssisted LivingFloridaMemory CareNews

Foundry Commercial, Fortress Investment Group Acquire Two Communities in Central Florida

by Hayden Spiess

CLERMONT and TAVARES, Fla. — Foundry Commercial and Fortress Investment Group have acquired two senior living communities located in Central Florida. The acquisition was completed by Foundry Commercial and funds managed by affiliates of Fortress Investment Group.  Totaling 252 assisted living and memory care units, the communities include Alto Clermont and Alto Tavares. Allegro Living, the affiliated management company of Foundry Commercial, manages the properties under its Alto brand.  Alto Tavares was opened in 2012, and Alto Clermont opened in 2014.  “We are pleased to continue our involvement with these two …

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Lument Provides $58.2M Freddie Mac Refinancing for Campus in Upstate New York

by Hayden Spiess

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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Broadview Real Estate Partners Sells 100-Unit Community in Metro Los Angeles

by Hayden Spiess

NORTH TUSTIN, Calif. — Broadview Real Estate Partners has sold Clearwater at North Tustin, a 100-unit seniors housing community located in North Tustin, approximately 35 miles southeast of downtown Los Angeles. Health Wave Partners acquired the property for an undisclosed price.  Built in 2021, Clearwater at North Tustin comprises two acuity-specific, single-story buildings with assisted living and memory care residences. Amenities at the community include an outdoor amphitheater, music garden, salon and spa, art studio, wellness center, dog park and four courtyards.  Aaron Rosenzweig and Dan Baker of JLL Capital Markets …

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O&I Development Underway on $33M Development in Greater Los Angeles

by Hayden Spiess

ARCADIA, Calif. — O&I Development is currently underway on They Ivy Arcadia, a new senior living community located in Arcadia, roughly 20 miles northeast of downtown Los Angeles.  Upon completion, the $33 million development will total 100 units of assisted living and memory care. R.D. OIson Construction is serving as the general contractor for the project. The project team also includes b.hills architecture and STUDIOSIX5. Amenities at the property will include a fitness center with specialized treatment rooms for memory care and mobility support, dining areas, a reading room, bar and …

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