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Assisted LivingDevelopmentMemory CareNew JerseyNews

National Development, Benchmark Underway on 87-Unit Community in New Jersey

by Hayden Spiess

EAST BRUNSWICK, N.J. — A joint venture between National Development and an affiliate of Benchmark Senior Living is currently underway on the development of a new community in East Brunswick.  Upon completion, Benchmark at East Brunswick will total 87 units and 100 beds for assisted living and memory care residents. Amenities at the property, which will total 84,276 square feet across three stories, will include multiple dining venues, a theater, fitness center, salon and outdoor spaces.  Construction has begun, and the opening is scheduled for 2028.  JLL Capital Markets recently arranged …

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Company NewsNewsPeopleTexas

Sonida Senior Living Appoints Chief Operating Officer

by Hayden Spiess

DALLAS — Sonida Senior Living has appointed Anton Nikodemus to the newly created role of chief operating officer.  Nikodemus previously worked at Seaport Entertainment Group as president, CEO and chairman of the board. Prior to that, he spent 18 years at MGM Resorts International.  “Anton’s appointment reflects Sonida’s conviction that operational excellence and exceptional resident care are the core pillars of operational success,” says Brandon Ribar, president and CEO of Sonida. Dallas-based Sonida’s portfolio includes 153 owned seniors housing communities and 12 communities managed on a third-party basis. 

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Morningstar_Phoenix
AcquisitionsArizonaAssisted LivingMemory CareNews

LTC Acquires MorningStar Community in Phoenix for $54M 

by Hayden Spiess

PHOENIX — LTC Properties has completed the acquisition of MorningStar at Arcadia, an assisted living and memory care community located in Phoenix, for $54 million. The community is being added to LTC’s seniors housing operating portfolio (SHOP).  MorningStar will continue to operate the property, which totals 104 units, on behalf of LTC.  LTC launched its SHOP platform in May 2025.  “Since our platform launch, we have partnered with eleven SHOP operating partners, nine new to LTC,” says Michael Bowden, senior vice president of investments at LTC. “We continue to build our …

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Tradition-Clearfork_Fort-Worth-Texas
Company NewsFinanceNewsTexas

Tradition Senior Living Forms Joint Venture, Recapitalizes Texas Portfolio

by Hayden Spiess

DALLAS — Tradition Senior Living has recapitalized a portfolio of communities located in Texas through the formation of a joint venture with Kayne Anderson Real Estate.  Moving forward, the portfolio, which comprises five communities, will be owned by the newly formed joint venture. TSL will continue to serve as the operator and manager of the properties.  Chad Lavender, Ryan Maconachy, Sarah Anderson, Mills Poynor and Ben McElroy of Newmark arranged the joint venture and secured financing on behalf of the joint venture. 

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Tuscaloosa-Community
AcquisitionsAlabamaAssisted LivingMemory CareNews

SLIB Arranges Sale of 54-Unit Assisted Living, Memory Care Community in Tuscaloosa

by Hayden Spiess

TUSCALOOSA, Ala. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living and memory care community located in Tuscaloosa.  Built in 1994 and 2003, the property comprises 54 units. The seller and buyer were not disclosed.  Dan Geraghty, Jeff Binder and Brad Clousing of SLIB represented the seller in the transaction. 

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Affordable HousingColoradoDevelopmentNews

MGL Partners Plans Affordable Community at Hospital Campus Redevelopment in Colorado

by Hayden Spiess

WHEAT RIDGE, Colo. — MGL Partners is planning the development of a new affordable seniors housing community in Wheat Ridge, approximately 10 miles outside downtown Denver.  The community will be situated within the redevelopment of the former Lutheran Hospital campus. MGL Partners recently executed a purchase and sale agreement with E5x Management, which is leading the redevelopment of the hospital campus, for the project site.  Dubbed Legacy Terrace Apartments, the community will feature 50 units for residents age 62 and older earning between 30 and 80 percent of the area median …

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CaliforniaCCRCCompany NewsNewsOperations

Transforming Age Assumes Management of Two Odd Fellows Home of California Communities 

by Hayden Spiess

NAPA and SARATOGA, Calif. — Leading Age has assumed management of two Odd Fellows Home of California (OFHC) communities in Napa and Saratoga.  Transforming Age will operate the communities on behalf of the nonprofit, which is based in Saratoga. The properties, both continuing care retirement communities, include Saratoga Retirement Community and The Meadows of Napa Valley.  Saratoga Retirement Community, which is currently undergoing a $101.7 million expansion, totals 337 residences situated on a 37-acre campus. OFHC recently received bond financing for the project, which will add 52 apartments across three new buildings, as …

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The-Atriums_Overland-Park-Kan
AcquisitionsAssisted LivingIndependent LivingKansasNews

12 Oaks Acquires 202-Unit Community in Kansas

by Hayden Spiess

OVERLAND PARK, Kan. — 12 Oaks Senior Living has acquired Overland Park, a 202-unit independent and assisted living community in Overland Park, in a joint venture with Silver Creek Capital. The seller and sales price were not disclosed.  This marks the second joint venture between Silver Creek Capital and 12 Oaks. Bloomfield Capital provided acquisition financing for the transaction.  12 Oaks will assume management of the community.

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Penetration Rates Graphic
Active AdultFeaturesNews

Demographic Changes Bode Well for Active Adult, Says NIC Researcher

by Hayden Spiess

By Matt Valley DALLAS — Favorable demographic shifts are providing a strong tailwind for the active adult sector, says Caroline Clapp, senior principal of research and analytics at the National Investment Center for Seniors Housing & Care (NIC). Individuals in the 65-to-74 age range represent the fastest-growing renter cohort in the United States, Clapp noted during her recent “Data Dive” presentation at InterFace Active Adult in Dallas. In 2010, this age group accounted for slightly more than 6 percent of all renters, according to the U.S. Census Bureau. By 2024, that figure …

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Arbella-Bramble-Hill_Worcester-Mass
Active AdultFinanceMassachusettsNews

United Group Receives $39M Bridge Loan for Active Adult Community in Massachusetts

by Hayden Spiess

WORCESTER, Mass. — United Group of Cos., through UW Senior LLC, has received a $39 million bridge loan for a recently completed active adult community located in Worcester. Henry Schaffer and Madeline Joyce of JLL Capital Markets secured the financing on behalf of the borrower.  United Group completed the development of The Arbella at Bramble Hill, which totals 123 units, in the first quarter of this year.  The community comprises three residential buildings with 57 one-bedroom and 66 two-bedroom apartments. Units at the property average 1,049 square feet. The Arbella also …

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