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Assisted LivingDevelopmentMemory CareNew YorkNews

FilBen Group, RSF Partners Open $54M Community in Montebello, New York

by Hayden Spiess

MONTEBELLO, N.Y. — Developer and owner FilBen Group and partner private equity firm RSF Partners have opened Braemar Living at Montebello, a $54 million senior living community in Montebello, roughly 40 miles outside New York City.  Totaling 133,675 square feet and 133 apartments across four stories, the property features assisted living residences and a dedicated 32-bed memory care unit. The community can accommodate up to 200 residents.  Amenities at the community include a pub and game room, café, business lounge, general store, arts and crafts room, family lounge, beauty salon, coffee …

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Amy-Heller
Company NewsFinanceNew YorkNewsPeople

Amy Heller Joins Meridian Capital Group 

by Hayden Spiess

NEW YORK CITY — Amy Heller has joined Meridian Capital Group as a senior managing director with the firm’s senior housing and healthcare group.  Founded in 1991, New York City-based Meridian is a commercial real estate finance, investment sales and retail leasing advisor. Meridian serves as a financial intermediary for commercial seniors housing and healthcare properties in the U.S., covering both debt brokerage and investment sales across skilled nursing, seniors housing and medical office properties. In 2024, the firm originated a total of roughly $4.7 billion in healthcare-related debt financing for …

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FinanceNew YorkNewsSkilled Nursing

MonticelloAM Provides $25M Refinancing for Skilled Nursing Facility in New York City

by Hayden Spiess

NEW YORK CITY — MonticelloAM has provided a $25 million mezzanine loan for the refinancing of a skilled nursing facility in New York City.  Comprising 300 beds, the facility is situated within Staten Island.  The undisclosed borrower will use the loan proceeds to recapitalize the property’s existing equity. 

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AcquisitionsCompany NewsNew YorkNewsUtah

Apollo Agrees to Acquire Bridge Investment Group for $1.5B

by Hayden Spiess

NEW YORK CITY AND SALT LAKE CITY — Global alternative asset manager and private equity firm Apollo (NYSE: APO) has entered into an agreement to acquire Bridge Investment Group Holdings Inc. (NYSE: BRDG) in an all-stock transaction valued at approximately $1.5 billion. The deal is expected to close in the third quarter. Upon completion of the transaction, Bridge will operate as a privately held company, and shares of Bridge common stock will no longer be listed on the New York Stock Exchange. Bridge was ranked No. 21 on the American …

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Assisted LivingFinanceMemory CareNew YorkNews

MonticelloAM Arranges $115M Acquisition Financing for Seniors Housing Portfolio in Long Island

by Hayden Spiess

LONG ISLAND, N.Y. — MonticelloAM has arranged $115 million in acquisition financing for a portfolio of seniors housing communities located in Long Island. The undisclosed borrower plans to use the proceeds from the senior bridge loan to both acquire the properties and expand the services offered across the communities.  The portfolio comprises 1,000 beds across multiple assisted living and memory care communities.  With two six-month extension options, the financing carries a 36-month initial term. 

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AcquisitionsAssisted LivingMemory CareNew YorkNews

SLIB Brokers Sale of 78-Unit Senior Living Community in Rochester, New York

by Hayden Spiess

ROCHESTER, N.Y. — Senior Living Investment Brokerage (SLIB) has brokered the sale of a senior living community located in Rochester.  Built in 2016, the property offers 78 assisted living and memory care units.  A public, non-listed REIT was the seller. A private real estate investment company acquired the property, engaging a New York-based operator to run the community.  Jason Punzel, Dave Balow and Brad Goodsell of SLIB arranged the transaction. 

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AcquisitionsAssisted LivingMemory CareNew YorkNews

SLIB Brokers Sale of 567-Unit Portfolio in New York

by Hayden Spiess

WHEATON, Ill. — Illinois-based Senior Living Investment Brokerage (SLIB) has brokered the sale of an assisted living and memory care portfolio located in Long Island in New York.  Built between 1959 and 1974, the portfolio comprises five communities situated within four properties and totals 567 units with 1,000 beds.  A public, non-listed REIT was the seller. Private investor Berry Weiss acquired the portfolio for an undisclosed price.  Jason Punzel, Dave Balow and Brad Goodsell arranged the transaction. 

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FinanceNew YorkNewsSkilled Nursing

MonticelloAM Provides $400M Financing for 2,900-Bed Skilled Nursing Portfolio in Kentucky, Tennessee

by Hayden Spiess

NEW YORK CITY — MonticelloAM has provided a $400 million bridge loan for the financing of a skilled nursing portfolio located in Kentucky and Tennessee. Huntington National Bank served as joint lead arranger in the financing. The portfolio totals 2,900 beds across 29 facilities.  The borrower was not disclosed. 

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Company NewsFeaturesNew YorkNewsPeople

Perry Freitas Joins Lighthouse Capital as Managing Director of Originations

by Channing Hamilton

NEW YORK CITY — Lightstone Capital has hired industry veteran Perry Freitas as managing director of originations. In his new role, Freitas will lead the nationwide sourcing, structuring and originating of commercial real estate debt investments as part of Lightstone Capital’s growth strategy. Prior to joining Lighthouse Capital, Freitas spent the last two decades at Hudson Realty Capital, a New York City-based commercial real estate investment management firm, where he most recently served as a managing director. He was involved in over $4 billion in transactions and was directly responsible for originating, …

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Affordable HousingDevelopmentNew YorkNews

Olshan Properties, O’Connor Capital Complete 221-Unit Affordable Senior Living Project in The Bronx

by Channing Hamilton

NEW YORK CITY — A joint venture between development and investment firm Olshan Properties and New York City-based O’Connor Capital Partners has completed Parkchester Gardens, a 221-unit affordable senior living project in The Bronx. Units are reserved for renters earning 50 percent or less of the area median income. Wells Fargo financed the project in conjunction with the New York City Housing Development Corp. and the Department of Housing Preservation & Development. Construction began in spring 2021.

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