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Affordable HousingDevelopmentNewsTexas

Onyx Legacy Group, Lincoln Avenue Communities to Develop 229-Unit Affordable Community in Dallas

by Hayden Spiess

DALLAS — Onyx Legacy Group and Lincoln Avenue Communities are underway on plans for the development of a new affordable seniors housing community in Dallas.  The Texas Bond Review Board has issued a $38 million bond reservation to the Dallas Housing Finance Corp. in support of the project, and the City of Dallas has issued an early release letter, which allows initial grading and site mobilization activities to begin.  Upon completion, the property will total 229 units, with 15 percent of residences reserved for seniors earning at or below 50 percent …

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Company NewsNewsPeople

Greystone Names Nicholas Gesue Chief Operating Officer 

by Hayden Spiess

NEW YORK CITY — Greystone has named Nicholas Gesue as chief operating officer.  Gesue, who has more than 25 years of experience in commercial real estate finance platforms, will oversee daily operations across Greystone’s lending, servicing and asset management businesses. He will report directly to Steve Rosenberg, chief executive officer and founder of the company.  Gesue most recently served as chief executive officer of NewPoint Real Estate Capital and led the firm through a $425 million sale to Franklin BSP Realty Trust in 2025. He has also served as chief executive …

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Adam Heavenrich
Company NewsNewsPeople

Plante Moran Expands Senior Living Division, Adds Adam Heavenrich

by Hayden Spiess

CHICAGO — Plante Moran Living Forward, the senior living development advisory division of firm Plante Moran Realpoint, has added Adam Heavenrich to the organization.  Heavenrich, who brings more than 30 years of experience advising within the seniors housing sector, will lead the capital markets practice, with a focus on structured finance, senior living and sale-leaseback transactions. According to the company, the addition of Heavenrich will expand Plante Moran Living Forward’s ability to deliver integrated transaction and capital markets advisory services within the senior living sector.  “Senior living providers are facing unprecedented …

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Affordable HousingDevelopmentFinanceNew JerseyNews

NJEDA Approves $35.3M in Tax Credits for Project in Northeast New Jersey

by Hayden Spiess

TOTOWA, N.J. — The New Jersey Economic Development Authority (NJEDA) board has approved $35.3 million in tax credits for a new seniors housing project in Totowa, roughly 20 miles northwest of New York City.  Upon completion, the development will feature 141 units. The project, known as Totowa Affordable Housing, is an adaptive reuse of the former Little Sisters of the Poor facility. Chrisitan Health is the lead developer.  All of the residences, which will include eight studio units, 123 one-bedroom units, 10 two-bedroom units, will be designated as affordable housing.  Financing …

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Chris-Mohrman
Company NewsNewsPeopleTechnology

Cubigo Appoints Vice President of Growth

by Hayden Spiess

SAN FRANCISCO — Senior living software company Cubigo has appointed a new chief growth officer. Chris Mohrman, who has previously held roles with both Markentum and WelcomeHome, will assume the role. Mohrman will lead sales and marketing operations, oversee go-to-market strategy and drive pipeline and revenue growth. “I’m thrilled to begin my new role as VP of Growth at Cubigo and partner with an incredible team focused on innovation in senior living,” says Mohrman. “In this role, I will be helping accelerate growth, strengthen industry partnerships and most importantly create …

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Trinity-East-Senior-Village-Rendering
Affordable HousingDevelopmentNewsTexas

NHP Foundation, Partners to Develop 90-Unit Affordable Housing Community in Houston

by Hayden Spiess

HOUSTON — The NHP Foundation (NHPF), an affordable housing developer, with Trinity East Village Community Development Corp. (TECDC) and Housing Alliance HTX, will develop a new affordable seniors housing community in Houston.  Dubbed Trinity East Senior Village, the property will comprise 90 units for residents age 55 and older in the Third Ward neighborhood of Houston. Of the 90 residences, 60 will serve as replacement housing for residents of the Housing Alliance HTX’s Cuney Homes community, which is currently undergoing redevelopment.  Trinity East Senior Village will serve extremely low- and low-income …

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FinanceNewsNorth CarolinaSkilled Nursing

Berkadia Arranges $12.5M HUD-Insured Loan for Skilled Nursing Property in North Carolina

by Hayden Spiess

MOORE COUNTY, N.C. — Berkadia has arranged a $12.5 million HUD-insured loan for the refinancing of a skilled nursing property located in Moore County, North Carolina.  Built in 1992, the facility totals 144 beds.  The borrower has operated the property since 2019. In 2024, the borrower exercised an option from the original lease to acquire the leased fee interest in the community. The new loan will be used to retire all acquisition-related financing.  Jay Healy and Andrew Lanzaro of Berkadia secured the financing on behalf of the borrower.

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Fairwinds-Brighton-Court_Lynwood-Wash
AcquisitionsAssisted LivingIndependent LivingNewsWashington

JLL Brokers Sale of 182-Unit Community Near Seattle

by Hayden Spiess

LYNNWOOD, Wash. — JLL Capital Markets has brokered the sale of Fairwinds Brighton Court, a senior living community located in Lynnwood, roughly 16 miles north of Seattle.  Situated on 4.4 acres, the property totals 182 units. Residences at the community, which was built in 1988, include independent living and assisted living units in studio, one- and two-bedroom layouts. Amenities at the property include a full-service restaurant, bistro, fitness center, salon, library, billiards room and courtyard.  Leisure Care will continue to manage the community on behalf of the buyer, a publicly traded …

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Company NewsIllinoisNewsPeople

Ventas Names Kevin Bohl Interim General Counsel

by Hayden Spiess

CHICAGO — Ventas has appointed an interim general counsel. Kevin Bohl will assume the role upon the departure of the current general counsel, Carey Roberts. Roberts intends to resign effective June 26 and will join Blackstone as senior managing director and general counsel of real estate.  Bohl, who joined Ventas in 2011, currently serves as senior vice president, deputy general counsel and assistant corporate secretary at the company. Bohl and his team provide strategic and legal advice to on transactional and asset management matters for Ventas. Prior to joining Ventas, he …

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AcquisitionsFinanceMassachusettsNews

MonticelloAM Provides $36.5M Bridge Loan for Community in Massachusetts

by Hayden Spiess

NEW YORK CITY — MonticelloAM has provided a $36.5 million bridge loan for the acquisition of a senior living community located in Massachusetts. The borrower was not disclosed.  The property totals 260 licensed beds and offers skilled nursing, assisted living, independent living and memory care.  Karina Davydov of New York City-based MonticelloAM originated the financing. 

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