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Company NewsNewsOperationsTennessee

American House Assumes Management of 130-Unit Community in Brentwood, Tennessee

by Hayden Spiess

BRENTWOOD, Tenn. — American House Senior Living Communities, in collaboration with AEW Capital Management and Winterpast Capital Partners, has assumed management of Traditions of Mill Creek in Brentwood.  The property, which totals 130 units, will be operated as American House Mill Creek moving forward. Built in 2020, the community features 59 independent living, 47 assisted living and 24 memory care units.  American House operates a portfolio of more than 80 communities. This brings the company’s Tennessee portfolio to 12 properties. 

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AcquisitionsNewsTexas

Town Lane, Arcole Acquire 186-Unit Community Near Houston

by Hayden Spiess

LEAGUE CITY, Texas — Town Lane and Arcole Partners have acquired Grand Living at Tuscan Lakes, a seniors housing community located in League City, approximately 25 miles southeast of Houston.  Bow River Capital and Ryan Cos. developed and sold the property, which totals 186 units. Opened in 2023, the community features independent living, assisted living and memory care. Amenities at the property include multiple dining venues, a 150-seat theater, spa, fitness center, library and lounge, swimming pool and hot tub.  Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia …

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ColoradoFinanceNews

Ziegler Closes $41.2M Bond Financing for Christian Living Communities

by Hayden Spiess

DENVER — Ziegler has closed Christian Living Communities Obligated Group’s $41.2 million Series 2026 Bonds, which were issued through the Colorado Health Facilities Authority.  Christian Living Communities Obligated Group is a three-property senior living organization based in Denver. The organization’s communities include Clermont Park, Someren Glen and Holly Creek in metro Denver. Together, the properties total 474 independent living apartments and villas, 122 assisted living units and 192 skilled nursing beds.  The parent group, Christian Living Communities, features other affiliate organizations and senior living communities, including three assisted living and memory …

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AcquisitionsAffordable HousingIllinoisNews

Blueprint Brokers Sale of Affordable Community in Chicagoland

by Hayden Spiess

CHICAGO — Blueprint has brokered the sale of an affordable seniors housing community located in metro Chicago.  Developed in the mid-2000s, the assisted living property operates under the Illinois Supportive Living Program.  A Chicago-based owner and operator acquired the property for an undisclosed price. Connor Doherty and Ryan Kelly of Blueprint advised the seller in the transaction. 

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AcquisitionsIllinoisNewsPennsylvania

Joint Venture Sells 344-Unit Portfolio in Metro Chicago, Philadelphia 

by Hayden Spiess

CHICAGO and PHILADELPHIA — A joint venture between Bain Capital and Capitol Senior Housing has sold a 344-unit senior living portfolio located in the Chicago and Philadelphia metros.  The portfolio comprises two properties near Philadelphia and two properties located in the North Shore suburbs near Chicago.  Jay Wagner, Rick Swartz, Aaron Rosenzweig and Jim Dooley of JLL Capital Markets represented the seller in the transaction. The buyer was not disclosed. 

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AcquisitionsDevelopmentNew JerseyNews

SLIB Arranges Sale of Development Site in New Jersey

by Hayden Spiess

SUCCASUNNA, N.J. — Senior Living Investment Brokerage has arranged the sale of a nine-acre entitled development site located in Succasunna an unincorporated community located in Roxbury Township, roughly 45 miles northwest of New York City.  According to SLIB, the site is approved for the development of a senior living community totaling 175 units of independent living, assisted living and memory care.  A private owner sold the property to a New Jersey-based developer for an undisclosed price. Dave Balow and Toby Siefert of SLIB brokered the transaction.  “This transaction allows the Seller …

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Active AdultDevelopmentFinanceNew JerseyNews

PCCP Provides $66.9M Loan for Active Adult Development in Metro New York City

by Hayden Spiess

FAIR LAWN, N.J. — Finance and investment management firm PCCP has provided a $66.9 million loan for the development of a new active adult community located in Fair Lawn, roughly 25 miles northwest of New York City. Sterling Properties and Danbro Properties received the financing.  Dubbed Plaza Greene, the community will total 145 residences across four stories, with 127 market-rate apartments and 18 affordable units. The development will also feature 24,000 square feet of retail space, anchored by a 22,300-square-foot Sprouts Farmers Market. Completion of construction is scheduled for 2027.   Based …

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AcquisitionsNewsVirginia

Bowery Investment Partners Acquires Three Communities in Virginia

by Hayden Spiess

BEDFORD, DANVILLE and ROANOKE, Va. — Bowery Investment Partners has acquired three senior living communities in Virginia.  The communities include Cardinal Senior Living at Bedford, Cardinal Senior Living at Danville and Cardinal Senior Living at Roanoke. Together, the properties total 164 assisted living and memory care units.  Moving forward, the communities will operate as Riverstone Senior Living at Bedford, Riverstone Senior Living at Danville and Riverstone Senior Living at Roanoke.  Viva Senior Living has been chosen to operate the communities on behalf of Bowery. 

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The Residence at Selleck's Woods
FeaturesNews

‘Seniors Housing Is Our Highest-Conviction Sector,’ Harrison Street Executives Say

by Hayden Spiess

By Hayden Spiess CHICAGO — New players are increasingly drawn to the seniors housing sector due to strong market fundamentals and the industry’s proven  performance. Limited new inventory and high occupancies, along with a robust population of aging individuals and rent growth, are generating healthy returns for investors. “The fundamentals have never been stronger,” says Tom Errath, managing director and head of research at Harrison Street Asset Management (HSAM). Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign …

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Assisted LivingDevelopmentMemory CareNew YorkNews

Benchmark, National Development Plan 90-Unit Community on Long Island

by Hayden Spiess

EAST ISLIP, N.Y. — Benchmark Senior Living and National Development have acquired a property in East Islip on Long Island, with plans to develop a new seniors housing community at the site.  The community, Benchmark at East Islip, will total 90 units, with 64 assisted living and 26 memory care apartments. Expected to open in 2028, the property will comprise roughly 88,000 square feet. Amenities at the community will include multiple dining venues, a theater, fitness center, salon and landscaped outdoor spaces.  Benchmark currently operates 70 senior living communities throughout New …

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