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AcquisitionsCCRCFloridaNewsOperations

Focus Acquires, Rebrands 23-Acre CCRC in Houston

by Hayden Spiess

HOUSTON — Focus Healthcare Partners has acquired and rebranded The Buckingham, a continuing care retirement community (CCRC) located in Houston. Moving forward, the community will operate as Laural Parke Senior Living.  Focus is also transitioning the community, which is situated on 23 acres, from an entrance-fee to a monthly-rent model. According to the company, this shift “reflects a broader evolution in senior living.”  Focus acquired the property through a court-supervised auction process at the beginning of this year, following the community’s Chapter 11 bankruptcy filing in November 2025.  LCS will operate …

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Assisted LivingDevelopmentNewsVirginia

Commonwealth Senior Living Plans 24-Unit Expansion at Community in Chesapeake, Virginia

by Hayden Spiess

CHESAPEAKE, Va. — Commonwealth Senior Living has announced plans for an expansion at Commonwealth Senior Living at Cedar Manor in Chesapeake. With the expansion, which will add 24 assisted living apartments, the community will total 85 units, with capacity to serve 126 residents.  The new assisted living units will include 10 one-bedroom apartments and 14 studio apartments. Construction is scheduled for completion in August 2027, and the community will remain fully open throughout the project.  Commonwealth’s portfolio includes communities in Connecticut, Michigan, Pennsylvania, Maryland and Virginia. 

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AcquisitionsAlabamaAssisted LivingIndependent LivingMemory CareNews

SLIB Arranges Sale of 194-Unit Portfolio in Alabama

by Hayden Spiess

BIRMINGHAM and TUSCALOOSE, Ala. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 194-unit portfolio located in Alabama.  The portfolio includes Regency Retirement Village of Birmingham and Regency Retirement Village of Tuscaloosa. Totaling 87 units, the Birmingham community features 38 independent living, 24 assisted living and 25 memory care residences. The Tuscaloosa community features 107 units, with 26 independent living residences and 81 assisted living and memory care residences.  Ryan Saul, Daniel Geraghty and Brad Clousing of SLIB brokered the sales on behalf of the seller, a Tennessee-based …

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AcquisitionsAssisted LivingFloridaIndependent LivingNews

Mainstay Acquires 155-Unit Community in Central Florida

by Hayden Spiess

SEBRING, Fla. — Mainstay Senior Living has acquired a 155-unit seniors housing community located in Sebring. Formerly known as Fellowship at the Fairway, the community will operate as Osprey Manor Fairway moving forward.  The campus includes independent and assisted living apartments in a mix of studio, one-bedroom and two-bedroom layouts.  The seller and sales price were not disclosed. 

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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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