News

Penetration Rates Graphic
Active AdultFeaturesNews

Demographic Changes Bode Well for Active Adult, Says NIC Researcher

by Hayden Spiess

By Matt Valley DALLAS — Favorable demographic shifts are providing a strong tailwind for the active adult sector, says Caroline Clapp, senior principal of research and analytics at the National Investment Center for Seniors Housing & Care (NIC). Individuals in the 65-to-74 age range represent the fastest-growing renter cohort in the United States, Clapp noted during her recent “Data Dive” presentation at InterFace Active Adult in Dallas. In 2010, this age group accounted for slightly more than 6 percent of all renters, according to the U.S. Census Bureau. By 2024, that figure …

Continue Reading
0 FacebookTwitterLinkedinEmail
Arbella-Bramble-Hill_Worcester-Mass
Active AdultFinanceMassachusettsNews

United Group Receives $39M Bridge Loan for Active Adult Community in Massachusetts

by Hayden Spiess

WORCESTER, Mass. — United Group of Cos., through UW Senior LLC, has received a $39 million bridge loan for a recently completed active adult community located in Worcester. Henry Schaffer and Madeline Joyce of JLL Capital Markets secured the financing on behalf of the borrower.  United Group completed the development of The Arbella at Bramble Hill, which totals 123 units, in the first quarter of this year.  The community comprises three residential buildings with 57 one-bedroom and 66 two-bedroom apartments. Units at the property average 1,049 square feet. The Arbella also …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFloridaMemory CareNews

Atlas Senior Living Acquires 134-Unit Assisted Living, Memory Care Property in Stuart, Florida

by Hayden Spiess

STUART, Fla. — Atlas Senior Living has acquired The Harrison of Stuart Assisted Living and Memory Care, a community located in Stuart, roughly 80 miles up the coast from Fort Lauderdale. The seller and sales price were not disclosed.  Rebranded as The Goldton at Stuart, the property comprises 134 units, with 96 assisted living apartments and 38 memory care apartments. Floorplans at the 128,000-square-foot community range from 506 to 690 square feet.  Founded in 2015 and based in Alabama, Atlas operates a portfolio of more than 35 communities across the East …

Continue Reading
0 FacebookTwitterLinkedinEmail
Springs Living Issaquah
DevelopmentNewsWashington

PMB, The Springs Living Break Ground on 329,250 SF Community in Metro Seattle

by Hayden Spiess

ISSAQUAH, Wash. — Co-developers PMB and The Springs Living have broken ground on a new seniors housing community in Issaquah, roughly 20 miles southeast of Seattle.  Upon completion, The Springs Living at Issaquah Highlands will total 329,250 square feet and 225 residences. Units will include 114 independent living, 84 assisted living and 27 memory care apartments.  The community is scheduled to open in late 2028. This marks the second co-development between The Springs Living and PMB.  Makenzie and GBD Architects designed the project, and Exxel Pacific is serving as the general …

Continue Reading
0 FacebookTwitterLinkedinEmail
Marisol_Huntington-Beach-Calif
CaliforniaDevelopmentNews

Bluhm Family Foundation Breaks Ground on 214-Unit Luxury Community in Southern California

by Hayden Spiess

HUNTINGTON BEACH, Calif. — The Bluhm Family Foundation has broken ground on The Marisol, a 214-unit luxury seniors housing project in Huntington Beach, roughly 40 miles southeast of Los Angeles. In May, the developer received $252.1 million in bond financing for the project.  Upon completion, the community will feature a mix of studio, one- and two-bedroom apartments. Amenities will include a coffee and snack bar, community store, wellness lounge, swimming pool, spa, beauty salon, golf simulator, gym, art studio, craft studio, community room and three courtyards.  Opening is scheduled for 2028. Momentum Senior …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaCompany NewsNews

Northstar, Alta Senior Living Merge

by Hayden Spiess

REDDING, Calif. — Northstar Senior Living and Alta Senior Living have executed a partnership and merger. Moving forward, the combined company will operate under the Northstar brand.  Headquartered in California, Northstar manages a portfolio of senior living communities throughout the U.S. Northstar engaged Blueprint to identify and secure a strategic capital partner to recapitalize its management platform, which resulted in the merger.  Scott Frazier, Ryan Chase and Jacob Gehl of Blueprint served as exclusive advisors to Northstar.   Additionally, Hidden River Strategic Capital has announced an investment in Northstar in connection with …

Continue Reading
0 FacebookTwitterLinkedinEmail
Grand Living Tuscan Lakes
AcquisitionsNewsTexas

Berkadia Brokers Sale of 186-Unit Community Near Houston

by Hayden Spiess

LEAGUE CITY, Texas — Berkadia has brokered the sale of Grand Living at Tuscan Lakes, a senior living community located in League City, roughly 30 miles southeast of downtown Houston.  Town Land and Arcole Partners acquired the property. Bow River Capital and Ryan Cos. sold the community for an undisclosed price.  Opened in 2023, the property totals 186 units, with independent living, assisted living and memory care residences. Amenities at the community include a 150-seat theater, spa, fitness center, library and lounge and swimming pool.  Ross Sanders, Dave Fasano, Cody Tremper …

Continue Reading
0 FacebookTwitterLinkedinEmail
Alta-Senior-Living_North-Palm-Beach-Fla
FinanceFloridaNews

Blueprint Arranges Refinancing for 100-Unit Community in South Florida

by Hayden Spiess

NORTH PALM BEACH, Fla. — Blueprint Capital Markets has arranged the refinancing of an assisted living and memory care community located in North Palm Beach in South Florida. Alta Senior Living is the borrower.  The property totals 100 units and recently underwent a capital expenditure, operational turnaround and lease-up process.  The undisclosed lender has provided a non-recourse bridge-to-HUD loan for an undisclosed amount. Kristen Ahrens, Pat Maloney and Ben Firestone of Blueprint secured the loan on behalf of Alta Senior Living. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Watercrest Fredericksburg
Assisted LivingDevelopmentMemory CareNewsVirginia

Watercrest Senior Living Group Opens 142-Unit Community in Richmond Metro

by Hayden Spiess

FREDERICKSBURG, Va. — Watercrest Senior Living Group, with partners Harbert Seniors Housing Fund II and Centric Development, has opened a new luxury senior living community in Fredericksburg, roughly 60 miles north of Richmond.  Totaling 142 units, Watercrest Fredericksburg Assisted Living and Memory Care opened in early April.  The community features 106 assisted living and 36 memory care apartments. As of mid-May, memory care units at the property were 55 percent occupied, and assisted living units were 35 percent occupied.  Watercrest began development of the community in fall 2024.  Watercrest and Harbert Seniors Housing …

Continue Reading
0 FacebookTwitterLinkedinEmail
Blake-College-Station_College-Station-Texas
Assisted LivingDevelopmentMemory CareNewsTexas

LifeCare Development Underway on 100,567 SF Development in Texas

by Hayden Spiess

COLLEGE STATION, Texas — LifeCare Development is currently underway on the construction of a new senior living community in College Station.  Upon completion, The Blake at College Station will total 100,576 square feet and feature 117 units. Residences will include 73 assisted living units and 44 memory care units.  Blake Management Group will operate the property. Completion is scheduled for 2028. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts