Tuesday, November 4, 2025
Read the Magazine Subscribe

Arizona

ArizonaAssisted LivingFinanceNews

JLL Provides $10.6M Refinancing for Countryside Living in Queen Creek, Arizona

by Jeff Shaw

QUEEN CREEK, Ariz. — JLL Capital Markets has provided a $10.6 million refinancing for Countryside Living in Queen Creek, approximately 35 miles southeast of downtown Phoenix. Opened in 2020, the property features 40 units and 42 beds of assisted living and memory care on 2.5 acres. The one- and two-bedroom units range from 344 to 515 square feet. The property is just a few miles from Banner Ironwood Medical Center, The Links Queen Creek Golf Course and Ocotillo Trails Marketplace. The 75-plus population within a five-mile radius of the community …

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaCCRCFinanceNews

BMO Harris Closes $145M Term Facility for LCS, Westminster Capital

by Jeff Shaw

PHOENIX — BMO Harris Bank’s Healthcare Real Estate Finance group has closed on a $145 million, two-bank term facility for LCS and Westminster Capital. The borrowers will use the funds to recapitalize Sagewood, a continuing care retirement community in Phoenix. The property features 417 independent living, 44 assisted living, 28 memory care and 78 skilled nursing units.

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaDevelopmentNewsOperationsTexas

Integral Senior Living to Operate Two Communities in Texas, Arizona

by Jeff Shaw

PFLUGERVILLE, Texas, and QUEEN CREEK, Ariz. — Integral Senior Living has taken oer operations of Sage Valley Senior Living in Pflugerville and Mojave Sage Senior Living in Queen Creek. Both properties provide assisted living and memory care services. This addition comes shortly after ISL announced expanding its portfolio with four new communities in Utah and Nevada. Investcor owns the communities. Sage Valley is set to open its doors early 2023, with Mojave Sage opening in 2024.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsArizonaNews

Link Senior Development, Roxborough Group Buy 301-Unit Park Terrace Senior Living in Phoenix

by Jeff Shaw

PHOENIX — Link Senior Development and The Roxborough Group LLC have acquired Park Terrace Senior Living, a 301-unit independent living and assisted living community in Phoenix. The 15.3-acre campus features 12 residential buildings offering one- and two-bedroom units. Link and Roxborough intend to invest more than $3 million to convert the remaining assisted living units to independent living units. The partnership will also focus on making the community more sustainable by increasing water and energy efficiencies. “The substantial demand and need in the North Phoenix market for competitively priced independent …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsArizonaFloridaIllinoisNews

Walker & Dunlop Arranges Sales of Three Communities for $150M

by Jeff Shaw

PHOENIX, ORLANDO and CHICAGO — The Walker & Dunlop seniors housing team has arranged three acquisitions with three different institutional partners. The transactions totaled over $150 million across 419 independent living, assisted living and memory care units. The assets are located in the Phoenix, Orlando and Chicago metro area. Walker & Dunlop’s Tony Cassie and Sam Thompson provided advisory services and facilitated the Arizona sale, while Brett Gardner, Joshua Jandris and Mark Myers provided advisory services and facilitated the Florida and Illinois sales.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsArizonaFinanceNewsSkilled Nursing

Capital Funding Group Provides $17.2M in Acquisition Financing for Two Skilled Nursing Facilities in Arizona

by Jeff Shaw

ARIZONA — Capital Funding Group (CFG) has provided $17.2 million in Bridge-to-HUD financing for the acquisition of two skilled nursing facilities. The facilities, which are located in Arizona, support 232 beds. The buyer is the operator of the two communities, and is now purchasing the real estate. Tommy Dillon originated the transaction. Further details on the seller and communities were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsArizonaNews

Merrill Negotiates $45M Sale of 301-Unit Community in Phoenix

by Jeff Shaw

PHOENIX — Merrill Commercial Real Estate has arranged the sale of a 301-unit seniors housing community in Phoenix. The 300,000-square-foot property offers both independent living and assisted living. The seller invested $20 million in capital improvements to convert the former Embassy Suites Hotel to the resort style property it is today. An independent owner-operator sold the asset to a development group looking to expand in Arizona for $45 million, which represents a capitalization rate of 4.5 percent and per-unit cost of $149,500 Tyler Merrill led the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaDevelopmentFinanceIndependent LivingNews

Greystone Arranges $140M in Financing for Expansion of Maravilla Scottsdale in Arizona

by Jeff Shaw

SCOTTSDALE, Ariz. — Greystone has arranged a $140 million loan package for both the refinancing and expansion of Maravilla Scottsdale, a seniors housing community in Scottsdale. Phase I of the community comprises a fully stabilized, 217-unit independent living, assisted living and memory care property. Opened in 2012, the community has received multiple awards, including being named Best 50+ CCRC Community by the National Association of Home Builders (NAHB), Best Multi-Family Project by Arizona Commercial Real Estate (AZRE), and Ten Best Places to Live by Arizona Foothills Magazine. Phase II of …

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaDevelopmentNews

Civitas Nears Completion of 212-Unit The Bluffs at Flagstaff in Arizona

by Jeff Shaw

FLAGSTAFF, Ariz. — Fort Worth-based operator Civitas Senior Living is nearing completion of The Bluffs of Flagstaff, with a tentative opening date of April 2022. The Bluffs of Flagstaff is a 210,572-square-foot, three-story assisted living and four-story independent living campus. The property features123 independent living, 64 assisted living and 25 memory care residences. Janet Mars will be executive director of the community. The architect is Kaas Wilson, contractor is Greenberg Construction and the designer is Senior By Design.

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingArizonaFinanceNews

Berkadia Arranges $92.8M in Financing for Affordable Senior Living Portfolio in Arizona

by Jeff Shaw

TUCSON, MESA and PHOENIX, Ariz. — Berkadia has secured a cross-collateralized pool financing on behalf of Arizona-based Christian Care Cos.’ Fellowship Square affordable senior living portfolio in Arizona. The 10-year, $92.8 million loan pool features a 65 percent loan-to-value ratio and three years of interest-only payments. Steve Ervin, Richard Price, Chris Cain and Rafael Nobo of Berkadia collaborated to secure the Freddie Mac permanent refinancing for the borrower. Nearly $89 million in high-interest-rate, first lien, tax-exempt bonds were redeemed with proceeds from the financing. The portfolio includes: Fellowship Square Tucson, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts