FREEHOLD, N.J. — Senior living management and consulting firm Distinctive Living has established a new business intelligence team. Distinctive Living recently ranked as No. 36 in the 2025 ASHA 50 list of the largest U.S. seniors housing operators. Under the leadership of executive vice president and CFO Lindsey Hacker, the business intelligence team integrates insights from data to inform operations, sales and marketing decisions. “Our strategic focus on data analytics aligns with the expectations of our capital partners for agile and informed management solutions,” says Joe Jedlowski, chairman and CEO of Distinctive Living. …
Rock Solid Builders Secures $29.5M Construction Financing for Active Adult Development in New Jersey
NUTLEY, N.J. — Rock Solid Builders Inc. has received a $29.5 million loan for the construction of a new active adult development in Nutley, New Jersey. Kearny Bank provided the 2.5-year, floating-rate financing. Completion of the development is scheduled for spring 2027. Upon completion, the property, Soho Park Residences, will feature 85 age-restricted units for residents ag 55 and older. Units will include one- and two-bedroom layouts, with an average apartment size of 1,110 square feet. Amenities at the community will include a fitness and wellness center, library, swimming pool and sun …
CEDAR GROVE, N.J. — Benchmark Senior Living has announced plans to open a new community in Cedar Grove, roughly 20 miles northwest of New York City. Upon completion, the property — dubbed Benchmark at Cedar Grove — will total 138 apartments, with independent living, assisted living and memory care units. Situated on 5.5 acres, the building will comprise 145,000 square feet. Amenities at the community will include multiple dining venues, a pub/bistro, arts and activity spaces, a sports lounge, two hair salons, a wellness center and exterior courtyards. Benchmark is developing …
PARAMUS, N.J. — Brightview Senior Living will develop a new, 332-unit community in Paramus. Construction on the project is scheduled to begin this month. Upon completion, Brightview Joy’s Farm will total 55,192 square feet, with 162 independent living units and a separate, 170-unit assisted living and memory care facility. Amenities at the property will include a clubhouse, swimming pool, fitness and entertainment venues and covered parking garages. The project team includes general contractor IMC Construction, Market Square Architects and T&T Construction Management Group, which is handling the specialty concrete construction. The …
CHERRY HILL, N.J. — Procida Funding & Advisors has secured a $140 million loan for the completion of the development of The Plaza Grande, a new active adult community currently underway in Cherry Hill. Madison Realty Capital and Pearlmark provided the financing. Madison Realty Capital also provided a construction loan for the project in 2021. Upon completion, The Plaza Grande will comprise 507 units for residents age 55 and older. Amenities at the community, which will feature an 18,500-square-foot clubhouse, will include indoor and outdoor pools, tennis courts, pickleball courts, theaters, …
PARAMUS, N.J. — Juniper Communities, a senior living community owner and operator, has entered into a strategic partnership with National Health Investors (NHI). As part of the partnership, Juniper will operate Juniper Village at Paramus in Paramus on behalf of NHI, which recently acquired the community. Totaling 120 units, the property features 98 assisted living residences and a 22-unit memory care wing. Juniper first assumed management of the property in February 2021. “We are thrilled to continue our long-term commitment to Juniper Village at Paramus and partner with NHI,” says Lynne …
SCOTCH PLAINS, N.J. — Benchmark Senior Living is underway on the development of a new assisted living and memory care community in Scotch Plains, New Jersey. Upon completion, the facility will total 81,692 square feet of indoor and outdoor space, with 86 studio and one-bedroom units. Amenities at the property will include outdoor patios, a hair salon, recreation room, bistro and club room. A rooftop deck will host regular social hours and other events. Personalized care including assistance with bathing, dressing and medication management, will be available. Benchmark in Scotch Plains …
FRANLIN LAKES, N.J. — JLL Capital Markets has arranged the sale of Sunrise of Franklin Lakes, an 88-unit assisted living and memory care property located in Franklin Lakes, roughly 30 miles northwest of New York City. Developed in 2021, the community comprises a two-story building with 51 assisted living and 37 memory care residences. Assisted living offerings at the property include studio, one- and two-bedroom apartments, and memory care units are available in private or and semi-private configurations. Amenities at the community include activity rooms and social areas, a bistro, theater, …
NEW YORK CITY — MonticelloAM has provided $39 million in bridge and working capital financing for two skilled nursing facilities in New Jersey. The borrower will use the $38 million floating-rate senior bridge loan to consolidate previous loans and reduce its cost of capital and will use the $1 million working capital facility to cover the day-to-day needs of the facilities. Together, the properties total 300 skilled nursing beds. “The MonticelloAM team did a remarkable job closing this transaction in 45 days to meet their timeline, underscoring our commitment to our …
MANALAPAN TOWNSHIP, N.J. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a Class A seniors housing facility located in Manalapan Township, roughly 45 miles outside New York City. Delivered in 2022, the community includes 60 residences and features both assisted living and memory care units. Ben Firestone, Steve Thomes and Kory Buzin of Blueprint represented the New Jersey-based seller in the transaction. Springpoint, the tenant in place at the property, acquired the community for an undisclosed price. According to Blueprint, the facility experienced occupancy issues during its first …
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