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Aspire-West-End_Richmond-Va
FinanceIndependent LivingNewsVirginia

Bonaventure Launches $32M DST for Community in Richmond, Virginia

by Hayden Spiess

RICHMOND, Va. — Real estate investment firm Bonaventure has launched Aspire West End DST, a $32 million Delaware statutory trust (DST) offering investors fractional ownership in Aspire West End.  Located in Richmond, Aspire West End totals 148 independent living units. Amenities at the community include an indoor swimming pool, fitness enter, movie theater, salon and spa, art studio, meeting and game rooms, walking paths, outdoor patios, fire pit and gazebo areas, a bistro and private dining rooms.  Bonaventure developed the property in 2018 and has owned and operated the community since …

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FinanceMemory CareNewsTexas

Cambridge Provides $5M HUD-Insured Loan for Memory Care Property in Texas

by Hayden Spiess

IRVING, Texas — Cambridge Realty Capital has provided a roughly $5 million HUD-insured loan for the refinancing of Avalon Memory Care, a memory care property located in Irving.  The borrower is a Texas-based limited liability company. According to Cambridge, the loan was part of a larger $29.7 million loan package to replace mortgage debt on eight communities throughout the Dallas-Fort Worth metro. 

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Arabella-at-Bramble-Hill
Active AdultMassachusettsNews

United Group Opens 123-Unit Active Adult Community in Worcester, Massachusetts

by Hayden Spiess

WORCESTER, Mass. — The United Group of Cos. has opened The Arabella at Bramble Hill, its new active adult community in Worcester.  Residences at the property, which total 123 units, include one- and two-bedroom apartments reserved for adults age 55 and older. The community features an 8,500-square-foot, with amenities including an indoor golf simulator, yoga studio, indoor swimming pool, theater, pickleball and bocce courts, community gardens, an outdoor kitchen, grilling stations and a dog park.  “This is United Group’s first development project in the area, and it has truly been amazing …

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AcquisitionsAssisted LivingFinanceGeorgiaIndependent LivingMemory CareNews

JLL Arranges $21M Acquisition Financing for Community in Metro Atlanta

by Hayden Spiess

STOCKBRIDGE, Ga. — JLL Capital Markets has arranged $21 million in financing for the acquisition of a senior living community located in Stockbridge, roughly 20 miles southeast of downtown Atlanta. An entity doing business as 1031 CF Properties is the borrower.  Old Second National Bank provided the loan.  Built in 2022, the property, Oaks at Eagle’s Landing, totals 122 units, with independent living, assisted living and memory care residences. Amenities at the community include a fitness center, library, salon, bar, art studio, game room, cards and billiard room, movie theater, courtyard, …

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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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David-Coster
Company NewsNewsNorth CarolinaPeople

Cline Appoints David Coster Director of Seniors Housing

by Hayden Spiess

RALEIGH, N.C. — Cline has appointed David Coster to the newly created position of seniors housing sector director. In his new role, Coster will lead efforts to expand the architecture and design firm’s senior living capabilities and market presence throughout the U.S.  Coster, who has 30 years of experience in the healthcare, financial services and real estate industries, most recently served as vice president of development at Retirement Living Associates.  “David’s extensive experience in senior living development combined with his broad leadership background makes him exceptionally well suited to lead Cline’s …

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Winsberg-Green-Cay_Boynton-Beach-Fla
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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Company NewsNewsPeople

Harrison Street Adds Jon Glass as Managing Director of Healthcare Real Estate Platform

by Hayden Spiess

CHICAGO — Harrison Street Asset Management has added Jon Glass to lead its healthcare real estate asset management platform as managing director. Glass most recently served as executive director, head of seniors housing asset management at PGIM.  Michael Corsini and Hardi Jackson will also join Harrison Street’s healthcare real estate division from PGIM. Corsini and Jackson will serve as senior associates. According to a statement issued by Harrison Street, the new hires reflect “the firm’s continued investment in expanding its asset management capabilities and supporting the continued growth and sophistication of …

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MorningStar-Canyons_Las-Vegas
AcquisitionsNevadaNews

Confluent Development, Ovation Group Sell 168-Unit Las Vegas Community

by Hayden Spiess

LAS VEGAS — A joint venture between Confluent Development and Ovation Group has sold MorningStar at The Canyons, a seniors housing community located in Las Vegas.  Confluent and Ovation co-developed the property, which totals 168 units, with MorningStar Senior Living. Delivered in 2024, the community features independent living, assisted living and memory care units in studio, one- and two-bedroom layouts.  Amenities at MorningStar at The Canyons include multiple dining venues, a salon and spa, theater, fitness center and swimming pool, as well as walking paths, a central courtyard and outdoor dining areas.  …

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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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