New Jersey

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 …

0 FacebookTwitterLinkedinEmail
Crescent-Fields-at-Huntingdon-Valley

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. …

0 FacebookTwitterLinkedinEmail

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.

0 FacebookTwitterLinkedinEmail

JERSEY CITY, N.J. — Hudson Valley Property Group has completed the renovation of Grandview Terrace Apartments, a 283-unit affordable seniors housing complex in the Journal Square area of Jersey City.  The $15.2 million, 16-month project upgraded the cabinetry, countertops, appliances, lighting, flooring, walls and water fixtures in the units and added amenities such as a new sky lounge with a stretching room, community room, library and a computer center.  KeyBank provided construction financing for the project, and that loan was refinanced under HUD’s 223(f) program upon completion.

0 FacebookTwitterLinkedinEmail

NEWARK, Del.; HAMILTON and WASHINGTON TOWNSHIP, N.J. — Juniper Communities has taken over management of three Leisure Care senior living properties providing assisted living and memory care. The three properties are part of Columbia Pacific Advisors’ seniors housing portfolio. The move adds 397 assisted living and memory care units and approximately 300 associates to Juniper’s current portfolio. Juniper Communities now owns and operates 28 communities in Colorado, New Jersey, Pennsylvania, Texas and Delaware. Juniper Village at Newark, formerly known as The Vero at Newark and built in 2023, offers assisted …

0 FacebookTwitterLinkedinEmail

VINELAND and WINSLOW, N.J. — Live Well Senior Cottages, a New Jersey-based seniors housing development firm, has received governmental approval for two seniors housing development projects in Vineland and Winslow. The two municipalities are located approximately 15 miles away from each other, both in South Jersey about midway between Philadelphia and the Atlantic Coast. Project partners include ARH Associates Inc. and Key Engineers. Distinctive Living will be the operating partner in the venture with overall responsibility for management and marketing. Live Well communities will target middle-income seniors. The company plans …

0 FacebookTwitterLinkedinEmail

WEST ORANGE, N.J. — Sherman & Roylance has negotiated the sale of the former Canterbury Village, a 44-unit, 53-bed assisted living community in the New York City suburb of West Orange. The buyer was a private senior living operator led by industry veterans Scott Burman and Lorne Schechter. The price was not disclosed. Canterbury Village closed its doors in mid-2023 and was owned by Provident Bank at the time of sale. George Bingham of Sherman & Roylance represented Provident in the transaction. Canterbury was operated previously as an affiliate of …

0 FacebookTwitterLinkedinEmail

WASHINGTON TOWNSHIP, N.J. — Meyer has opened The Chelsea at Washington Township, a luxury assisted living and memory care community located in the Washington Township, a suburb of Philadelphia. Capitol Seniors Housing owns the two-story, 76,700 square-foot community, which Chelsea Senior Living operates. The asset features 85 residential units with one and two-bedroom options. Its opening marks the fourth senior living property Meyer completed in 2023.

0 FacebookTwitterLinkedinEmail

WEST ORANGE, N.J. — The Alpert Group LLC has broken ground on a 65-unit affordable seniors housing community in West Orange, approximately 20 miles west of Manhattan. Located at 46 Mount Pleasant Ave., the project will be situated in the town’s central business district, adjacent to the town hall, police facility, and Renna House senior apartments. The five-story building will include one-bedroom and two-bedroom units, on-site parking, modern amenities and age-friendly features. Five units are reserved for formerly homeless residents. The income-restricted community is helping to satisfy West Orange’s affordable …

0 FacebookTwitterLinkedinEmail
Newer Posts