GLASTONBURY, Conn. — Cushman & Wakefield has brokered the sale of The Residence at Glastonbury, a 135-unit seniors housing community located in Glastonbury. American Healthcare REIT acquired the property for an undisclosed price. LCB Senior Living will continue to operate the community on behalf of the new ownership. The property features assisted living and memory care units. Joshua Jandris, Brett Gardner, Jason Skalko and Robert Bracci of Cushman & Wakefield arranged the sale.
LAKEWOOD, Colo. — Construction firm Catamount Constructors has announced the launch of a new vertical dedicated to serving the seniors housing sector, in which the firm has been active for more than 15 years. The Colorado-based company has named Bernida Chapman to lead the division as vice president, senior living. Chapman previously served as the leader of construction and development for Spectrum Retirement Communities. “The best senior living projects come from truly understanding the business, not just the building, says James Benning, CEO of Catamount. “How these communities operate, what the …
ROSEVILLE and SAN JOSE, Calif. — A joint venture between Affinius Capital and Alliance Residential has sold a two-property seniors housing portfolio totaling 545 units in Northern California. The portfolio includes Sonrisa Senior Living in Roseville and The Watermark at Almaden in San Jose. Sonrisa Senior Living comprises 201 independent living units, 120 assisted living units and 24 memory care units across two buildings that were constructed in 2021 and 2023. The Watermark at Almaden, which features 200 independent living, assisted living and memory care units, opened in 2021. Amenities at …
CHICAGO — Covenant Living Communities and Services, a nonprofit senior living organization, has named Jay Hibbard as the next president of the company. Hibbard, who has more than 36 years of experience in seniors housing, will assume the position Oct. 1. He currently serves as chief growth and communication officer at Covenant Living and has been with the organization for more than a decade. David Erickson has served as the organization’s president and chief executive officer since June 2024. Erickson will continue to act as the company’s CEO. “This leadership structure …
FORT WAYNE, Ind. — Specialty investment bank Ziegler has announced the closing of the sale of The Village at Anthony Boulevard, a continuing care retirement community (CCRC) located in Fort Wayne. Ziegler served as the exclusive financial adviser to the seller, Lutheran Life Villages (LLV). Casa Consulting, a seniors housing operator, acquired the property for an undisclosed price. Ziegler began working with LLV in 2025 to assess the future of the CCRC, according to a release issued by the firm.
COZAD, Neb. — Cozad Community Health System has sold Meadowlark Pointe, an assisted living and memory care community located in Cozad. The buyer and sales price were not disclosed. Built in 2006 and renovated in 2019, the property totals 49 units. Bill Janis, Justin Valle, Jeff Rhodes and Cullen Nguyen of Decker Healthcare Group arranged the transaction. According to a press release issued by Decker, the facility was “operating below its potential and generating negative cash flow” at the time of sale, “creating a compelling value-add opportunity.”
NEW YORK CITY — Seniors housing and multifamily lending firm MonticelloAM has provided a $30 million bridge loan for an assisted living community located in New York. The borrower, a Northeast-based seniors housing owner and operator, used the loan proceeds to fund the acquisition of the property. The facility totals 120 licensed beds.
NEW BERN, N.C. — ThriveMore’s board of trustee’s has approved the next phase of design and development for Brice Pointe, the organization’s new continuing care retirement community (CCRC) in New Bern in coastal North Carolina. Situated on a 70-acre campus, the development will feature 152 independent living apartments; 52 villas and cottages; and 18 assisted living, memory care and skilled nursing units. Amenities at the CCRC will include walking trails, outdoor gathering spaces, wellness and educational opportunities and access to nearby golf, pickleball and tennis facilities. The community is scheduled to …
LAKEWOOD, Colo. — BWE Investment Sales (BWEIS) has arranged the sale of Lakewood Reserve Senior Living, a 137-unit assisted living and memory care community located in Lakewood, approximately eight miles southwest of downtown Denver. BWEIS represented the seller, a private equity seniors housing investor, in the transaction. A REIT acquired the community, which is operated by Stellar Senior Living. The property features 118 assisted living units and 19 memory care units. Amenities at the community include a beauty salon and barber shop, fitness center, theater and entertainment space, courtyards and outdoor …
DRIPPING SPRINGS, Texas — ARCTRUST Private Capital and Edison Equity Residential have announced plans to develop a new active adult community in Dripping Springs, roughly 25 miles west of Austin. Upon completion, Serenova at Dripping Springs will total 175 units reserved for residents age 55 and older. Residences will include 133 one-and two-bedroom apartments, as well as 42 private villas. Amenities at the property will include a restaurant and bar, fitness centers, a swimming pool, creative arts studio, club room, community lounge and marketplace and concierge services including assistance with reservations, …
