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ArizonaAssisted LivingDevelopmentMemory CareNews

Investcor to Develop 117-Unit Luxury Community Near Phoenix

by Hayden Spiess

QUEEN CREEK, Ariz. — Investcor has announced plans for Mojave Sage, a new luxury seniors housing community to be located in Queen Creek, roughly 40 miles southeast of Phoenix.  Upon completion, Mojave Sage will total 117 residences, with assisted living and memory care units. Amenities at the community will include a full-service beauty salon, fitness and wellness center, movie room, gathering areas, private courtyards, outdoor spaces, gardening programs, a dog park and onsite store.  Komo Architecture is designing the project, and KBE Building Corp. will serve as the general contractor. Construction …

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FinanceMemory CareNew YorkNews

Berkadia Provides $25.8M Bridge Financing for Two Memory Care Facilities in New York 

by Hayden Spiess

NEW YORK CITY — Berkadia has provided $25.8 million in financing for the acquisition of two memory care facilities located in upstate New York.  The bridge loans feature a 24-month interest-only term with one 12-month extension option. Steve Muth and Ed Williams of Berkadia arranged the financing through Berkadia’s Proprietary Lending Group on behalf of the West Coast-based borrower.  Together, the two facilities total 116 beds and were 94 percent occupied at the time of financing. The existing operator will remain in place following the acquisition. 

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AcquisitionsMarylandNewsVirginia

Chiron Real Estate to Acquire Three Communities for $425M

by Hayden Spiess

ALEXANDRIA, Va. and NORTH BETHESDA, Md. — Chiron Real Estate (NYSE: XRN) has entered into purchase agreements to acquire three senior living communities. Chiron is acquiring the properties from affiliates of Silverstone Senior Living for an aggregate price of $425 million.  The acquisitions mark the REIT’s first entry into the seniors housing sector. “We believe this is an attractive time to enter the sector, given the favorable long-term demand outlook and limited new supply,” says Mark Decker, chief executive officer of Chiron. “Each of our acquisition communities are newly constructed and …

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Active AdultFeaturesNews

Active Adult Consumer Is ‘Sticky,’ but May Need Convincing, Says InterFace Panel

by Hayden Spiess

By Hayden Spiess DALLAS — As a subsector of the seniors housing industry — and commercial real estate more broadly — the active adult product type has impressive resident retention rates, according to Zach Crowe, managing director at The Carlyle Group.  Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Crowe has led the company’s efforts in the active adult space for roughly 13 years and reports that Carlyle has …

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Affordable HousingDevelopmentFloridaNews

Wendover Housing Partners Underway on 100-Unit Affordable Housing Community in Orlando

by Hayden Spiess

ORLANDO, Fla. — Wendover Housing Partners, in partnership with Hope Center West and the City of Orlando, is underway on the development of a new affordable seniors housing community near downtown Orlando.  Upon completion, Legacy Place will total 100 units.  DeAngelis Diamond is serving as the general contractor for the project. Goldman Sachs and Berkadia Commercial Mortgage have provided financing, and the project is backed by $610,000 from the City of Orlando. The city is also providing incentives through the Orlando Unlocked initiative, which is designed to accelerate the development of …

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FinanceNews

BWE Arranges $77M Fannie Mae Financing for Midwest Community

by Hayden Spiess

CLEVELAND, Ohio — BWE has arranged $77 million in fixed-rate agency financing for a senior living community located in the Midwest. Fannie Mae provided the 10-year loan, which features full-term interest-only payments.  Located in a major metropolitan market, the property offers a full continuum of care, with independent living, assisted living and memory care units.  Ryan Stoll and Taylor Mokris of Ohio-based BWE secured the financing on behalf of the undisclosed borrower. 

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Colorado-Portfolio
AcquisitionsColoradoNews

SLIB Arranges Sale of 540-Unit Portfolio in Colorado

by Hayden Spiess

FORT COLLINS, Colo. — Senior Living Investment Brokerage has arranged the sale of an eight-property seniors housing portfolio located in Colorado. SLIB brokered the sale on behalf of the Fort Collins-based seller, who also served as the portfolio’s operator.   Totaling 540 units, the communities are located in Fort Collins, Loveland and Windsor. Vince Viverito, Jason Punzel and Jeff Binder of SLIB represented the seller.  A Tennessee-based REIT acquired the properties for an undisclosed price. An Oregon-based operator will manage the portfolio on behalf of the new ownership. SLIB previously brokered the …

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AcquisitionsCompany NewsIowaNews

LCS Completes Previously Announced Acquisition of Vi

by Hayden Spiess

DES MOINES, Iowa — LCS has closed its merger agreement to acquire Vi. The acquisition, which was originally announced in September 2025, creates a combined company with a portfolio of roughly 130 communities managed across 29 states.  “Today marks an incredible milestone as we officially move forward as one company, united by a shared purpose: to create exceptional senior living experiences at each of our communities,” says Chris Bird, CEO of LCS. “With regulatory approvals complete, we are excited to officially welcome Vi employees and residents.” LCS ranked as the third-largest seniors housing …

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Douglas Gardens
Affordable HousingDevelopmentFloridaNews

McDowell Housing Partners, Miami Jewish Health Open $139M Affordable Community Near Miami

by Hayden Spiess

PEMBROKE PINES, Fla. — McDowell Housing Partners and Miami Jewish Health have completed the development of Douglas Gardens Senior Health and Living, a new affordable seniors housing community located in Pembroke Pines, roughly 25 miles northwest of Miami.  Now open, the community totals 410 units reserved for residents age 55 and older earning 30, 60 and 100 percent of the area median income. Amenities at the community include a pond with walking paths, theater room, business center and multiple indoor and outdoor gathering spaces.  Development costs for the project totaled $139 …

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Beach-House_Jacksonville-Beach-Fla
AcquisitionsAssisted LivingFloridaMemory CareNews

Continuum Brokers Sale of 84-Unit Community in Northeast Florida

by Hayden Spiess

JACKSONVILLE BEACH, Fla. — Continuum Advisors has brokered the sale of Beach House Senior Living, an assisted living and memory care community located on a barrier island in Jacksonville Beach, roughly 20 miles east of Jacksonville.  Built in 2014, the property totals 84 units, with 64 assisted living and 20 memory care units.  An institutional joint-venture ownership group was the buyer. An entity doing business as Auerbach Opportunity Fund IV LP is the majority stakeholder of the buyer group. 

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