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Benchmark-at-Rye-Expansion
Assisted LivingDevelopmentNew HampshireNews

Benchmark Completes 60,000 SF Addition to Community in Coastal New Hampshire

by Hayden Spiess

RYE, N.H. — Benchmark Senior Living has completed a 60,000-square-foot expansion at its community in Rye, a city located along the Atlantic coast.  The project has added 70 assisted living apartments to the community, Benchmark at Rye. New residences include units in studio, one- and two-bedroom layouts. The community also features independent living residences and a 40-apartment memory care neighborhood.  Amenities at the property include a bistro, family kitchen, fitness center, wellness and therapy spaces and multiple outdoor patios.  Benchmark ranked as the 30th-largest seniors housing operator in the 2025 edition …

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FinanceNewsSkilled NursingWashington

MonticelloAM Provides $144M Financing for Washington Skilled Nursing Portfolio

by Hayden Spiess

NEW YORK CITY — MonticelloAM has provided $144 million for the financing of a skilled nursing portfolio located in the state of Washington.  Totaling six facilities, the portfolio comprises 720 licensed beds.  The financing includes a $140 million bridge loan and a $4 million working capital line of credit, with a 36-month initial term. The borrower was not disclosed. 

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NewsPeople

Argentum Elects New Members to Board of Directors

by Hayden Spiess

NASHVILLE — Senior living association Argentum has announced the election of new members to its Board of Directors. The Board shapes strategic direction, advises on policy and advocacy and drives initiatives for the organization.  Officers of the Board of Directors include Tana Gall of Merrill Gardens as chair, Chris Hyatt of New Perspective Senior Living as vice chair, Gary Smith of Vi as treasurer, Mercedes Kerr of Belmont Village Senior Living as secretary, Adam Kaplan of Solera Senior Living as public policy chair and Judd Harper of The Arbor Co. as …

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Crest-View-at-Blaine_Blaine-Minn
AcquisitionsMinnesotaNews

Crest View Sells 164-Unit Community in Metro Minneapolis

by Hayden Spiess

BLAINE, Minn. — Crest View Senior Communities has sold Crest View Senior Community at Blaine, located in the city of Blaine, roughly 20 miles north of downtown Minneapolis.  Catholic Eldercare acquired the property, which totals 164 units, for an undisclosed price. Catholic Eldercare will also assume management of Columbia Village, a Crest View-owned community in Columbia Heights, Minnesota, on behalf of Crest View. Catholic Eldercare’s portfolio now comprises eight communities in metro Minneapolis.  Ziegler served as the financial advisor to Crest View in the transaction. 

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DevelopmentFinanceNewsTexas

Nuveen Provides $38.6M in C-PACE Financing for Development in Central Texas 

by Hayden Spiess

HORSESHOE BAY, Texas — Nuveen Green Capital has provided $38.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for the development of a new seniors housing community in Horseshoe Bay, roughly 50 miles northwest of Austin. Falcon Senior Housing is the borrower.  Dubbed The Statesman at Horseshoe Bay, the community will total 313,714 square feet upon completion. The property will feature 180 independent living, assisted living and memory care units.  Financing for the project also includes EB-5 immigration investment funds.  “Nuveen Green Capital and Texas PACE Authority allowed us to …

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Marisol-Rendering_Huntington-Beach-Calif
CaliforniaDevelopmentFinanceNews

Developer Receives $252.1M Bond Financing for Community in Southern California

by Hayden Spiess

HUNTINGTON BEACH, Calif. — An undisclosed developer has received $252.1 million in bond financing for the construction of a new seniors housing community in Huntington Beach in Southern California.  HJ Sims and JLL Securities arranged the financing as lead book-running manager and co-manager, respectively. Bonds included Series A senior bonds and subordinate Series B and C bonds, issued through the California Public Finance Authority. The bonds were divided into three tranches, including a $165.7 million Series A tranche, a $74.3 million Series B tranche and a $12.1 million Series C tranche. …

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Mission Grove at Stoneybrook
Assisted LivingDevelopmentFloridaIndependent LivingMemory CareNews

Traditions Management Opens $65M Community Near Orlando

by Hayden Spiess

WINTER GARDEN, Fla. — Traditions Management has opened Mission Grove at Stoneybrook, a new senior living community located in Winter Garden, roughly 15 miles northwest of Orlando.  Totaling 173,000 square feet, the community comprises 166 units, with 101 independent living apartments, 32 assisted living apartments and 33 memory care apartments. Amenities at the property include a swimming pool, art studio, putting green, pickleball courts, hair and nail salon, library, pub and bistro and fitness room.  Traditions Management invested approximately $65 million in the community, which was developed by Leo Brown Group. 

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Mississippi-Community
AcquisitionsAssisted LivingMemory CareMississippiNews

Blueprint Brokers Sale of Two-Property Portfolio in Mississippi

by Hayden Spiess

OXFORD and SOUTHAVEN, Miss. — Blueprint has brokered the sale of an assisted living and memory care portfolio comprising two properties in northern Mississippi.  Built in the early 2000s and totaling 108 units, the communities are located in Oxford and Southaven. A regional owner and operator acquired the portfolio for an undisclosed price.  Jacob Gehl and Dillon Rudy of Blueprint represented the undisclosed seller in the transaction. 

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Company NewsNewsPeopleTexas

Lifespace Appoints New Chief Operating Officer 

by Hayden Spiess

DALLAS — Nonprofit senior living owner and operator Lifespace Communities has appointed Andy Kazmierczak to the role of chief operating officer.  Kazmierczak assumed the role May 1, following the departure of Brian Robbins.  “Andy is a culture champion who brings strong operational leadership, deep knowledge of our communities and a consistent track record of execution,” says Jesse Jantzen, president and CEO of Lifespace. “He has played a key role in advancing several of our most important enterprise initiatives and is well-positioned to build on our momentum and drive consistency in performance.”  …

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Sodalis-Longview_Sodalis-Texas
NewsOperationsTexas

Sodalis Assumes Management of Community in East Texas

by Hayden Spiess

LONGVIEW, Texas — Operator Sodalis Living has assumed management of a seniors housing community located in Longview, roughly 45 miles west of the Louisiana border.  This marks the 25th community in the Sodalis portfolio, which spans three states. Launched in 1996, Sodalis also operates communities in Florida and Georgia.  The property features assisted living and memory care residences. 

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