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Affordable HousingDevelopmentNewsTexas

NHP Foundation, Partners to Develop 90-Unit Affordable Housing Community in Houston

by Hayden Spiess

HOUSTON — The NHP Foundation (NHPF), an affordable housing developer, with Trinity East Village Community Development Corp. (TECDC) and Housing Alliance HTX, will develop a new affordable seniors housing community in Houston.  Dubbed Trinity East Senior Village, the property will comprise 90 units for residents age 55 and older in the Third Ward neighborhood of Houston. Of the 90 residences, 60 will serve as replacement housing for residents of the Housing Alliance HTX’s Cuney Homes community, which is currently undergoing redevelopment.  Trinity East Senior Village will serve extremely low- and low-income …

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FinanceNewsNorth CarolinaSkilled Nursing

Berkadia Arranges $12.5M HUD-Insured Loan for Skilled Nursing Property in North Carolina

by Hayden Spiess

MOORE COUNTY, N.C. — Berkadia has arranged a $12.5 million HUD-insured loan for the refinancing of a skilled nursing property located in Moore County, North Carolina.  Built in 1992, the facility totals 144 beds.  The borrower has operated the property since 2019. In 2024, the borrower exercised an option from the original lease to acquire the leased fee interest in the community. The new loan will be used to retire all acquisition-related financing.  Jay Healy and Andrew Lanzaro of Berkadia secured the financing on behalf of the borrower.

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Fairwinds-Brighton-Court_Lynwood-Wash
AcquisitionsAssisted LivingIndependent LivingNewsWashington

JLL Brokers Sale of 182-Unit Community Near Seattle

by Hayden Spiess

LYNNWOOD, Wash. — JLL Capital Markets has brokered the sale of Fairwinds Brighton Court, a senior living community located in Lynnwood, roughly 16 miles north of Seattle.  Situated on 4.4 acres, the property totals 182 units. Residences at the community, which was built in 1988, include independent living and assisted living units in studio, one- and two-bedroom layouts. Amenities at the property include a full-service restaurant, bistro, fitness center, salon, library, billiards room and courtyard.  Leisure Care will continue to manage the community on behalf of the buyer, a publicly traded …

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Company NewsIllinoisNewsPeople

Ventas Names Kevin Bohl Interim General Counsel

by Hayden Spiess

CHICAGO — Ventas has appointed an interim general counsel. Kevin Bohl will assume the role upon the departure of the current general counsel, Carey Roberts. Roberts intends to resign effective June 26 and will join Blackstone as senior managing director and general counsel of real estate.  Bohl, who joined Ventas in 2011, currently serves as senior vice president, deputy general counsel and assistant corporate secretary at the company. Bohl and his team provide strategic and legal advice to on transactional and asset management matters for Ventas. Prior to joining Ventas, he …

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AcquisitionsFinanceMassachusettsNews

MonticelloAM Provides $36.5M Bridge Loan for Community in Massachusetts

by Hayden Spiess

NEW YORK CITY — MonticelloAM has provided a $36.5 million bridge loan for the acquisition of a senior living community located in Massachusetts. The borrower was not disclosed.  The property totals 260 licensed beds and offers skilled nursing, assisted living, independent living and memory care.  Karina Davydov of New York City-based MonticelloAM originated the financing. 

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Residences at Plainview
AcquisitionsNews

Capitol Seniors Housing Acquires 571 Units

by Hayden Spiess

WASHINGTON, D.C. — Capitol Seniors Housing acquired 571 units of seniors housing across four communities.  The properties include Village Park Fayetteville in Fayetteville, Georgia; Coastal Heights Senior Living in Costa Mesa, California; The Residences at Plainview in Plainview, New York; and The Woods at Merrimack in Methuen, Massachusetts.  Village Park Fayetteville offers independent living, assisted living and memory care. The other properties feature independent living residences.  Capitol Seniors Housing is headquartered in Washington, D.C. 

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Benchmark_East-Brunswick-N.J
Assisted LivingDevelopmentMemory CareNew JerseyNews

National Development, Benchmark Underway on 87-Unit Community in New Jersey

by Hayden Spiess

EAST BRUNSWICK, N.J. — A joint venture between National Development and an affiliate of Benchmark Senior Living is currently underway on the development of a new community in East Brunswick.  Upon completion, Benchmark at East Brunswick will total 87 units and 100 beds for assisted living and memory care residents. Amenities at the property, which will total 84,276 square feet across three stories, will include multiple dining venues, a theater, fitness center, salon and outdoor spaces.  Construction has begun, and the opening is scheduled for 2028.  JLL Capital Markets recently arranged …

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Company NewsNewsPeopleTexas

Sonida Senior Living Appoints Chief Operating Officer

by Hayden Spiess

DALLAS — Sonida Senior Living has appointed Anton Nikodemus to the newly created role of chief operating officer.  Nikodemus previously worked at Seaport Entertainment Group as president, CEO and chairman of the board. Prior to that, he spent 18 years at MGM Resorts International.  “Anton’s appointment reflects Sonida’s conviction that operational excellence and exceptional resident care are the core pillars of operational success,” says Brandon Ribar, president and CEO of Sonida. Dallas-based Sonida’s portfolio includes 153 owned seniors housing communities and 12 communities managed on a third-party basis. 

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Morningstar_Phoenix
AcquisitionsArizonaAssisted LivingMemory CareNews

LTC Acquires MorningStar Community in Phoenix for $54M 

by Hayden Spiess

PHOENIX — LTC Properties has completed the acquisition of MorningStar at Arcadia, an assisted living and memory care community located in Phoenix, for $54 million. The community is being added to LTC’s seniors housing operating portfolio (SHOP).  MorningStar will continue to operate the property, which totals 104 units, on behalf of LTC.  LTC launched its SHOP platform in May 2025. SHOP is an investment structure whereby a real estate investment trust or private fund directly participates in the operational profits and losses of owned senior living properties, rather than just collecting fixed rent. “Since our …

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Tradition-Clearfork_Fort-Worth-Texas
Company NewsFinanceNewsTexas

Tradition Senior Living Forms Joint Venture, Recapitalizes Texas Portfolio

by Hayden Spiess

DALLAS — Tradition Senior Living has recapitalized a portfolio of communities located in Texas through the formation of a joint venture with Kayne Anderson Real Estate.  Moving forward, the portfolio, which comprises five communities, will be owned by the newly formed joint venture. TSL will continue to serve as the operator and manager of the properties.  Chad Lavender, Ryan Maconachy, Sarah Anderson, Mills Poynor and Ben McElroy of Newmark arranged the joint venture and secured financing on behalf of the joint venture. 

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