TUSCALOOSA, Ala. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living and memory care community located in Tuscaloosa. Built in 1994 and 2003, the property comprises 54 units. The seller and buyer were not disclosed. Dan Geraghty, Jeff Binder and Brad Clousing of SLIB represented the seller in the transaction.
WHEAT RIDGE, Colo. — MGL Partners is planning the development of a new affordable seniors housing community in Wheat Ridge, approximately 10 miles outside downtown Denver. The community will be situated within the redevelopment of the former Lutheran Hospital campus. MGL Partners recently executed a purchase and sale agreement with E5x Management, which is leading the redevelopment of the hospital campus, for the project site. Dubbed Legacy Terrace Apartments, the community will feature 50 units for residents age 62 and older earning between 30 and 80 percent of the area median …
NAPA and SARATOGA, Calif. — Leading Age has assumed management of two Odd Fellows Home of California (OFHC) communities in Napa and Saratoga. Transforming Age will operate the communities on behalf of the nonprofit, which is based in Saratoga. The properties, both continuing care retirement communities, include Saratoga Retirement Community and The Meadows of Napa Valley. Saratoga Retirement Community, which is currently undergoing a $101.7 million expansion, totals 337 residences situated on a 37-acre campus. OFHC recently received bond financing for the project, which will add 52 apartments across three new buildings, as …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
