Monday, September 15, 2025
Read the Magazine Subscribe

New York

The-Sinclair_Port-Washington-N.Y
Independent LivingNew YorkNews

Focus Healthcare Partners Underway on $28M Renovation at Independent Living Property in New York

by Hayden Spiess

PORT WASHINGTON, N.Y. — Focus Healthcare Partners is currently underway on a $28 million renovation project at an independent living property in Port Washington.  Focus Healthcare recently acquired the community, which is being rebranded as The Sinclair at Port Washington. Previously, the community was operated as The Harborside. The property’s new name pays homage to author Sinclair Lewis, who lives in Port Washington during the early 1900s.  Planned upgrades include a new wellness center, apartment renovations, refreshes to interior common spaces, a new culinary program, a movie theater, expanded outdoor recreation …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNew YorkNewsSkilled Nursing

MonticelloAM Provides $152M Financing for Skilled Nursing Portfolio in North Carolina

by Hayden Spiess

NEW YORK CITY — MonticelloAM has provided $152 million in financing for a skilled nursing portfolio located across North Carolina.  The financing includes $142 million in bridge debt, which carries a 36-month initial term with two extension options, for the acquisition of the portfolio. Totaling 1,100 licensed beds, the portfolio comprises nine skilled nursing facilities.  Additionally, MonticelloAM has provided a $10 million working capital line of credit to support daily operational needs at the facilities.  The borrower was not disclosed. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Ben Mohns
AcquisitionsIllinoisNew YorkNews

Harrison Street Sells New York Seniors Housing Portfolio for $600M

by Hayden Spiess

CHICAGO — Investment management firm Harrison Street Asset Management has sold a portfolio of seniors housing communities located in the state of New York for more than $600 million. The buyer was not disclosed, but multiple media outlets report the buyer was senior living giant Ventas Inc. (NYSE: VTR). The portfolio comprises five communities. Harrison Street developed the properties in partnership with B2K Development between 2016 and 2022. Amenities at the communities include swimming pools, theaters, fitness centers, libraries and lifestyle programming.  “This transaction exemplifies Harrison Street’s ability to produce value by …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNew YorkNews

SLIB Arranges $7M Sale of Assisted Living Community in Eastern New York

by Hayden Spiess

HOOSICK FALLS, N.Y. — Senior Living Investment Brokerage (SLIB) has arranged the $7 million sale of Danfourth Adult Care Center, an assisted living community located in Hoosick, roughly 35 miles northeast of Albany.  The facility totals 80 beds across 57 units. A New Jersy-based owner and operator acquired the property from an undisclosed seller.  Dave Balow of SLIB brokered the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Jason Beakas
Company NewsNew YorkNews

Jason Beakas Joins Lument as Originator

by Hayden Spiess

NEW YORK CITY — Jason Beakas has joined Lument as an originator. Serving in a director role, Beakas will support the firm’s seniors housing and healthcare origination efforts in collaboration with Doug Harper and Casey Moore.  Based in Columbus, Ohio, Beakas will serve clients nationwide.  Prior to joining Lument, Beakas worked at Lancaster Pollard, which he joined in 2010. Since 2010, Beakas has managed and underwritten more than 200 transactions totaling roughly $1.7 billion across a range of capital structures including FHA/HUD, Fannie Mae and USDA financing, as well as balance …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsNew YorkNews

Macquarie Asset Management Launches New Seniors Housing Platform

by Hayden Spiess

NEW YORK CITY — Global asset manager Macquarie Asset Management has launched Health Wave Partners, a new seniors housing platform.  Alongside established operators, the platform will target investments in modern properties.  Health Wave Partners’ management team will include John Cobb as chief executive officer, Philip Kayden as chief investment officer, Elliot Pessis as chief operating officer, Sean O’Malley as managing director of finance and Holden Torrens as director of investments.  “Health Wave Partners will focus on investing in what it views to be high-quality properties and partner with experienced operators in …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNew YorkNewsSkilled Nursing

MonticelloAM Provides $218M Financing for Skilled Nursing Portfolio in Kentucky

by Hayden Spiess

NEW YORK CITY — MonticelloAM has provided $218 million in financing for a skilled nursing portfolio in Kentucky. Comprising 18 facilities, the portfolio totals 1,500 beds across the state.  In addition to a $179.3 million senior bridge loan and a $29 million mezzanine loan, which the undisclosed borrower plans to use to restructure and upsize existing debt, the financing includes a $10 million working capital line of credit that will be used to cover the day-to-day operational needs of the facilities.  New York City-based MonticelloAM originally financed the portfolio in May …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentNew YorkNews

Mulford Corp., The Community Builders, Yonkers Housing Authority Break Ground on Affordable Seniors Housing Development in Yonkers, New York

by Hayden Spiess

YONKERS, N.Y. — The Mulford Corp., The Community Builders (TCB) and Yonkers Housing Authority have broken ground on a new affordable seniors housing development located in Yonkers.  Dubbed Willow at The Ridgeway, the project marks the sixth and final phase of the redevelopment of the former Cottage Place Gardens public housing complex.  Upon completion, the community will comprise 92 units, with 85 one-bedroom and seven two-bedrooms apartments. The one- and two-bedroom residences will average 550 and 800 square feet, respectively.  Apartments will be reserved for seniors referred from the Yonkers Housing …

Continue Reading
0 FacebookTwitterLinkedinEmail
Austin-Sacco_Berkadia
Assisted LivingFinanceIndependent LivingMemory CareNew YorkNews

Berkadia Arranges $627.2M Refinancing for Seniors Housing Portfolio

by Hayden Spiess

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 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Braemar-Living_Montebello-N.Y
Assisted LivingDevelopmentMemory CareNew YorkNews

FilBen Group, RSF Partners Open $54M Community in Montebello, New York

by Hayden Spiess

MONTEBELLO, N.Y. — Developer and owner FilBen Group and partner private equity firm RSF Partners have opened Braemar Living at Montebello, a $54 million senior living community in Montebello, roughly 40 miles outside New York City.  Totaling 133,675 square feet and 133 apartments across four stories, the property features assisted living residences and a dedicated 32-bed memory care unit. The community can accommodate up to 200 residents.  Amenities at the community include a pub and game room, café, business lounge, general store, arts and crafts room, family lounge, beauty salon, coffee …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts