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Reserve-Sarasota_Sarasota-Fla
DevelopmentFloridaNews

NexCore Group Breaks Ground on 248,582 SF Community in Sarasota 

by Hayden Spiess

SARASOTA, Fla. — NexCore Group, with general contractor Brinkmann Constructors, has broken ground on The Reserve Sarasota, a new senior living community. Located in downtown Sarasota, the property will total 248,582 square feet across seven stories.  Experience Senior Living, a wholly owned subsidiary of NexCore, will operate the community. Amenities at the property will include multiple dining venues, wellness spaces and a rooftop pool.  The project team includes Hoyt Architects, Infrastructure Solutions Services and Senior by Design. Completion of the development is scheduled for December 2027. 

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Atria-Park_San-Mateo-Calif
AcquisitionsAssisted LivingCaliforniaMemory CareNews

Berkadia Brokers Sale of 135-Unit Community on San Francisco Bay

by Hayden Spiess

SAN MATEO, Calif. — Berkadia has brokered the sale of Atria Park of San Mateo, a 135-unit assisted living and memory care community located in San Mateo on the western shores of San Francisco Bay.  A partnership between Shelter Real Estate Investment Properties and Calson Management acquired the property for an undisclosed price. The community will be rebranded as Harbor at Hillsdale.  Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders of Berkadia arranged the transaction on behalf of the undisclosed seller. 

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FinanceNewsWashington

Lument Provides $21.5M Refinancing for Community in Metro Seattle

by Hayden Spiess

FEDERAL WAY, Wash. — Lument has provided a $21.5 million loan for the refinancing of a seniors housing community located in Federal Way, roughly 25 miles south of Seattle.  Village Green of Federal Way totals 170 units, with 136 assisted living units and 34 independent living cottages.  Casey Moore of Lument arranged the Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) Section 232/223(f) loan on behalf of the borrower, a family-owned company. The loan features a fixed interest rate and 35-year term. “Lument was able to help us navigate …

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The-Chelsea_New-City-N.Y
FinanceNew JerseyNew YorkNews

Bain, Capitol Seniors Housing Receive $48M Refinancing for Two Northeast Communities 

by Hayden Spiess

NEW CITY, N.Y. and TOWNSHIP OF WASHINGTON, N.J. — Bain Capital Real Estate and Capitol Seniors Housing have received a $48 million loan for the refinancing of two seniors housing communities. The communities include The Chelsea at New City in New City, New York, and The Chelsea at Washington Township in the Township of Washington, New Jersey.  JLL Capital Markets secured the three-year, floating-rate loan through a large regional bank on behalf of Bain and Capitol Seniors Housing.  Built in 2021, The Chelsea at New City totals 80 assisted living, memory …

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Company NewsNewsPeopleTennessee

Vitality Living Appoints Chief Investment Officer, Chief Real Estate Officer

by Hayden Spiess

BRENTWOOD, Tenn. — Senior living owner and operator Vitality Living has announced the appointment of a chief investment officer and a chief real estate officer.  John Rimbach has been named chief investment officer, and Charles Hall will assume the position of chief real estate officer at the Brentwood, Tennessee-based company.   Rimbach brings more than 30 years of experience in seniors housing to his new role, in which he will lead investment strategy, acquisitions, joint ventures and capital relationships. “I’m excited to help advance Vitality’s capital strategy, cultivate long-term investment partnerships and …

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Residences at Appleton
Affordable HousingDevelopmentMassachusettsNews

WinnCos. Completes $55.3M Adaptive Reuse Project in Massachusetts

by Hayden Spiess

HOLYOKE, Mass. — WinnCos. has completed a $55.3 million seniors housing adaptive reuse project in Holyoke. A redevelopment of a vacant mill complex, Residences at Appleton has delivered 88 affordable housing units for residents age 55 and older.  Twelve of the apartments are reserved for seniors earning at or below 30 percent of the area median income (AMI); 63 apartments are reserved for seniors earning at or below 60 percent of the AMI; and 13 apartments are reserved for seniors earning at or below 80 percent of the AMI.  Residences at …

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Briarwood-Manor_Lockport-N.Y
AcquisitionsAssisted LivingMemory CareNew YorkNews

SLIB Arranges Sale of 113-Unit Assisted Living, Memory Care Community in Western New York

by Hayden Spiess

LOCKPORT, N.Y. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Briarwood Manor, a 113-unit, 160-bed assisted living and memory care community located in Lockport, roughly 30 miles northeast of Buffalo.  Originally opened in 1982, the property was 44 percent occupied at the time of marketing. The memory care wing was added in 2017.  A private owner exiting the seniors housing market was the seller. A private real estate investor acquired the community for an undisclosed price. Dave Balow, Dan Geraghty and Ryan Saul of SLIB brokered the transaction …

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AcquisitionsAssisted LivingMemory CareMissouriNews

Berkadia Brokers Sale of Three Communities in Metro St. Louis 

by Hayden Spiess

ST. LOUIS — Berkadia has brokered the sale of three seniors housing communities located in metro St. Louis. Berkadia arranged the transactions on behalf of the seller, a private equity firm that developed the properties.  The communities include The Grande at Creve Coeur in Creve Coeur, roughly 15 miles northwest of St. Louis; The Grande at Laumeier Park in Sunset Hills, approximately 15 miles southwest of St. Louis; and The Grande at Chesterfield in Chesterfield, about 20 miles west of St. Louis.  The Grande at Creve Coeur, a 53-unit memory care …

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Assisted LivingKentuckyNews

Distinctive Living Assumes Management of Twinbrook Assisted Living in Louisville

by Hayden Spiess

LOUISVILLE, Ky. — Distinctive Living has assumed management of Twinbrook Assisted Living, a senior living community located in Louisville.  Under Distinctive Living, Twinbrook Assisted Living will leverage standardized operating systems, centralized support functions and enhanced reporting.  Founded in 2021, Distinctive Living was ranked as the 36th-largest seniors housing operator in the 2025 edition of the ASHA 50. 

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The Hallmark-Uptdown-Oaks
DevelopmentIndependent LivingNewsTexas

Brazos Presbyterian Homes Plans 385,000 SF Expansion at Houston Community

by Hayden Spiess

HOUSTON — Nonprofit Brazos Presbyterian Homes has announced plans for a 385,000-square-foot expansion at The Hallmark in Houston.  The project will add a 21-story independent living building, Uptown Oaks,  to the continuing care retirement community. Uptown Oaks will feature 120 high-end units.  Construction on the expansion is expected to begin in 2027.  Amenities at Uptown Oaks will include a yoga studio and massage area, art and hobby studio, café, movie theater and pool area. 

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