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Blueprint Arranges Sale of 60-Unit Assisted Living, Memory Care Facility in New Jersey

by Hayden Spiess

MANALAPAN TOWNSHIP, N.J. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a Class A seniors housing facility located in Manalapan Township, roughly 45 miles outside New York City. Delivered in 2022, the community includes 60 residences and features both assisted living and memory care units. Ben Firestone, Steve Thomes and Kory Buzin of Blueprint represented the New Jersey-based seller in the transaction.  Springpoint, the tenant in place at the property, acquired the community for an undisclosed price. According to Blueprint, the facility experienced occupancy issues during its first …

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Thrive at Montvale in Montvale, New Jersey
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Mesa West Capital Provides $57M Loan to Refinance Senior Living Community in Northern New Jersey

by Channing Hamilton

MONTVALE, N.J. — Mesa West Capital has provided a joint venture entity with a $57 million loan to refinance Thrive at Montvale, a 203-unit seniors housing community in Montvale, an affluent New York City suburb located 30 miles north of the city. The joint venture is comprised of AEW Capital Management, Thrive Senior Living and Pike Construction. The five-year, floating-rate loan is secured by the 11.5-acre community built in 2022 by Thrive, an Atlanta-based senior living development and investment firm, and Pike, a New Jersey-based developer and general contractor. Thrive at Montvale is …

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Distinctive Living Appoints Timothy J. Ford as General Counsel, Chief Human Resources Officer

by Channing Hamilton

FREEHOLD, N.J. — Distinctive Living, a “boutique” seniors housing management and development firm, has appointed Timothy J. Ford as general counsel and chief human resources officer. In his new role, which became effective May 1, Ford is responsible for overseeing legal matters and human resources functions across Distinctive Living’s portfolio of communities, ensuring compliance with regulations and supporting the company’s mission of providing high-quality care to its residents. Recently elected to the New Jersey Assisted Living Council Board of Directors, Ford brings almost two decades of extensive legal expertise in senior care, …

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DevelopmentMemory CareNew JerseyNews

Marquis Opens Memory Care Neighborhood at The Meadows at Lawrence in New Jersey 

by Jeff Shaw

LAWRENCE TOWNSHIP, N.J. — Marquis Health Consulting Services has opened a new memory care neighborhood at The Meadows at Lawrence, a cottage-style, long-term care skilled nursing community in Lawrence Township, a suburb of Trenton.  The Journeys Memory Care model was developed by Marquis Health Consulting Services.

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DevelopmentNew JerseyNews

JCHC, DIGroup Complete Renovation of Lester Senior Living in Whippany, New Jersey

by Jeff Shaw

WHIPPANY, N.J. — DIGroup Architecture and Jewish Community Housing Corp. (JCHC) have completed a renovation and expansion project at Lester Senior Living in Whippany, approximately 30 miles west of Manhattan. The project includes 20,000 square feet of newly completed modern amenities. Alterations at Lest’ers Heller Independent Living and Weston Assisted Living areas included re-envisioning the first-floor area as a more interactive space for residents. These gathering-place enhancements involved the café/reading room and refurbished dining room. Additions to the second floor encompassed a new theater. The atrium was also renovated.

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AcquisitionsCCRCFinanceNew JerseyNews

Ziegler Arranges $42.5M Acquisition Financing for Applewood CCRC in Freehold, New Jersey

by Jeff Shaw

FREEHOLD, N.J. — Ziegler has arranged $42.5 million in bond financing for FellowshipLIFE, a nonprofit owner-operator of continuing care retirement communities (CCRCs) in New Jersey. The borrower will use the funds to acquire Applewood, a CCRC formerly owned by CentraState Healthcare System in the North Jersey town of Freehold.  Located on approximately 44 acres, Applewood opened in 1990 and offers a full continuum of care to its long-time residents. Applewood offers 300 independent living units, 37 assisted living units, 11 memory care units and 60 skilled nursing units. Ziegler facilitated …

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DevelopmentNew JerseyNewsSkilled Nursing

Marquis Health Consulting Services Opens Florham Park Rehabilitation & Healthcare Center in New Jersey

by Jeff Shaw

FLORHAM PARK, N.J. — Marquis Health Consulting Services has opened Florham Park Rehabilitation & Healthcare Center, a skilled nursing facility in Florham Park, approximately 30 miles west of New York City. The 101-bed facility is located on the former Lutheran Ministries healthcare campus. The only skilled nursing center in Florham Park, the three-story, 43,000-square-foot building (formerly The Villa at Florham Park) is undergoing a top-to-bottom, multi-phase renovation and modernization following an ownership change. Phase I focused on the updating and remodeling of patient areas and has been completed. Phase II …

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AcquisitionsAssisted LivingNew JerseyNews

SLIB Negotiates Sale of 160-Unit Mattison Crossing in Freehold, New Jersey

by Jeff Shaw

FREEHOLD, N.J. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Mattison Crossing at Manalapan Avenue, a 160-unit assisted living and memory care community in Freehold, approximately 50 miles south of New York City. Mattison Crossing features 199 beds.. The community’s performance was stabilized during the marketing period with opportunities for future growth, according to SLIB. The seller was a partnership between Stephanie Anderson and Steve Walling (SilverStone HCRE) and a private equity group located in the West. The buyer was a publicly traded REIT with an established …

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Distinctive Living Acquires Validus Senior Living Management, Expands Footprint in Southeast

by Katie Sloan

FREEHOLD, New Jersey and TAMPA, Fla. — Distinctive Living, a New Jersey-based seniors housing operator and developer that is expanding nationally, has acquired Validus Senior Living Management, a Tampa, Florida-based operator.  Headquartered in Freehold, N.J., Distinctive Living currently operates 46 communities and has 14 under development via its development services platform, Distinctive Living Development LLC. More specifically, the company operates and is developing active adult, assisted living, independent living, and memory care communities throughout the country. Validus is an owner, operator and third-party manager of senior living communities throughout the Southeast. …

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Resort Lifestyle Communities Completes Parkers Bend Retirement Community in Moorestown, New Jersey

by Jeff Shaw

MOORESTOWN, N.J. — Resort Lifestyle Communities has completed Parkers Bend Retirement, an independent living community in Moorestown, approximately 10 miles east of Philadelphia.  The company will hold a grand opening for the community on April 18. Although the number of units was not disclosed, they come in studio, one-, two- and three-bedroom plans.

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