Florida

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AcquisitionsFloridaNew JerseyNews

Foundry, AEW Acquire Two Communities in Florida, New Jersey 

by Hayden Spiess

HARRINGTON PARK, N.J. and TAMPA, Fla. — Foundry Commercial, with institutional capital partner AEW, has acquired two senior living communities. The properties include Allegro Harrington Park roughly 20 miles north of New York City in Harrington Park, New Jersey, and Allegro Hyde Park, a community located in Tampa’s Hyde Park neighborhood. Allegro Living, Foundry Commercial’s wholly owned senior living management platform, operated the communities prior to the acquisition and will continue to serve as the operator.  Delivered in 2021, Allegro Harrington Park features 173 units and a full continuum of care. …

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Meridian-at-Brandon_Brandon-Fla
Assisted LivingFinanceFloridaMemory CareNews

Live Oak Bank Provides $20.5M Refinancing for Community Near Tampa

by Hayden Spiess

BRANDON, Fla. — Live Oak Bank has provided $20.5 million in refinancing for The Meridian at Brandon, a senior living community located approximately 15 miles east of Tampa.  A joint venture between Madison Marquette and Meridian Senior Living owns the property. The Meridian at Brandon totals 136 assisted living and memory care units.   

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CCRCDevelopmentFloridaNews

Florida Nonprofit Breaks Ground on $380M CCRC in Boynton Beach

by Hayden Spiess

BOYNTON BEACH, Fla. — Green Cay Life Plan Village Inc., a nonprofit corporation, has broken ground on a continuing care retirement community (CCRC) project in Boynton Beach, approximately 30 miles north of Fort Lauderdale. The Winsberg at Green Cay will mark the first new CCRC in the county since 2016.  Upon completion, the project — which was first announced in 2022 — will span 15 acres. The community will total 220 residences in a 510,000-square-foot building, with 189 independent living units and 32 assisted living and memory care units. Amenities will include …

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RISE_Jacksonville-Fla
Active AdultDevelopmentFinanceFloridaNews

BWE Arranges $101M Bridge Loan for Active Adult Community in Jacksonville

by Hayden Spiess

JACKSONVILLE, Fla. — BWE has arranged a $101 million bridge loan for the refinancing of RISE at Glen Kernan Park, a newly delivered active adult community in Jacksonville. Developer and property management firm RISE is the borrower.  Rise at Glen Kernan Park, which totals 308 units, received its final certificate of occupancy in May 2026. Residences at the community include one- and two-bedroom apartments and single-story cottages reserved for residents age 55 and older. Amenities at the property include a clubhouse, fitness facility, swimming pool, pickleball courts and a bar and …

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Sonata-Lake-Mary_Lake-Mary-Fla
AcquisitionsFloridaNews

Morgan Stanley Acquires 300-Unit AgeWell Portfolio in Florida

by Hayden Spiess

ORLANDO and TAMPA, Fla. — Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing (MSREI), has acquired a portfolio of two communities operated by AgeWell Senior Living in Florida — Sonata Lake Mary and the Preserve at Dunedin.  Totaling 300 independent living, assisted living and memory care units, the communities are located in the Orlando and Tampa metropolitan areas. AgeWell will continue to manage the properties on behalf of the new ownership.  The seller and sales price were not disclosed.  “This investment reflects our focus on high-quality …

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Assisted LivingDevelopmentFloridaIndependent LivingNews

ANF Tops Out Luxury Community in South Florida

by Hayden Spiess

DELRAY BEACH, Fla. — Construction and development firm ANF has completed the topping out of All Seasons Delray, a luxury senior living community currently underway in Delray Beach.  Beztak is the developer.  Upon completion, the property will feature 153 units, with 92 independent living apartments and 61 assisted living residences. Amenities at the community will include a swimming pool, landscaped courtyard, pub, theater, library, game room, fitness center, pottery and arts studios, multipurpose activity spaces and an onsite medical center.  Completion of All Seasons Delray is scheduled for the first quarter …

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Company NewsFloridaNewsPeople

American Healthcare Management Names Nick Jasmon Executive Vice President 

by Hayden Spiess

ST. JOHNS, Fla. — Senior living operator American Healthcare Management Group (AHMG) has promoted Nick Jasmon to the role of executive vice president.  In his new role, Jasmon will assume oversight of community operations across the company’s portfolio and continue to be involved in the organizations strategic growth initiatives. He previously served as vice president of business development, leading AHMG’s growth strategy.  “As we continue to grow, it is essential that we build a leadership team capable of supporting both our communities and our partners,” says Joe Jasmon, co-founder and chief …

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Arbor-Terrace-Citrus-Park-Independent-Living_Tampa-Fla
AcquisitionsFloridaIndependent LivingNews

Continuum Brokers Sale of 139-Unit Community in Tampa

by Hayden Spiess

TAMPA, Fla. — Continuum Advisors has brokered the sale of Arbor Terrace Citrus Park Independent Living, a 139-unit community located in Tampa.  Developed in 2019 on nine acres, the property comprises 172,090 square feet. Chancey Architecture and Interior Design designed the community, which was developed by BRW Development Partners, Chancey Development and Rookis Development, in collaboration with The Arbor Co.  David Kliewer and Jay Jordan of Continuum arranged the transaction. The undisclosed buyer will retain The Arbor Co. as the operator. 

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Alamar-Senior-Living_Wellington-Fla
AcquisitionsAssisted LivingFloridaMemory CareNews

Health Wave Partners Acquires 134-Unit Community in South Florida

by Hayden Spiess

WELLINGTON, Fla. — Health Wave Partners has acquired Alamar Senior Living, a 134-unit assisted living and memory care community in Wellington. The property was 96 percent occupied at the time of sale.  AgeWell Senior Living will continue to manage the property on behalf of Health Wave. Amenities at the community include a fitness center, movie theater, beauty salon, bistro, billiards room, dog park and secure memory care courtyard. An improvement program was recently implemented at the property, including renovations to resident units, common areas, furnishings and outdoor amenities. “Alamar is an …

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Assisted LivingFinanceFloridaMemory CareNews

Helios Provides $7M HUD-Insured Financing for Community in Tampa

by Hayden Spiess

TAMPA, Fla. — Helios Healthcare Advisors has provided $7 million in HUD-insured financing for an assisted living and memory care community located in Tampa.  Built in 2018 and situated near the Tampa International Airport, the property totals 92 beds. This transaction replaces the asset’s existing floating-rate senior debt. Helios utilized the recently established HUD “Express Lane” for the financing. 

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