NEW YORK CITY — Gilbane Development, Blue Sea Development Co. and JASA have completed a new affordable seniors housing community located in the Bushwick neighborhood of Brooklyn. Totaling 100,000 square feet across 13 stories, Linden Grove features 153 units. Residences are reserved for seniors earning 30 to 40 percent of the area median income, with 46 units reserved for formerly unhoused seniors. Amenities at the community include free internet, a fitness room, arts and crafts area, laundry room, rooftop terrace, outdoor dining areas and community gardens. TD Bank provided a letter …
OGDEN, Utah — Lument has provided a $26.8 million Freddie Mac loan for the refinancing of Treeo South Ogden, a senior living community located in Ogden, roughly 30 miles north of Salt Lake City. Leisure Care, which owns and operates the community, is the borrower. Opened in 2015, Treeo South Ogden features 143 independent living units. Tyler Armstrong, Chris Cain and Taylor Russ of Lument led the transaction. The loan, which features a 10-year term with five years of interest-only payments and a 30-year amortization period, is being used to refinance …
NEW YORK CITY — Global alternative investment firm Investcorp has acquired a three-property portfolio for $200 million. Two of the properties are seniors housing assets. The seniors housing properties include a 148-unit community located in Orange County, California, and a 116-unit community located on Long Island in New York. The portfolio also included a multifamily community in New Jersey. Investcorp also recently acquired a 140-unit senior living community in Boston. According to the company, these acquisitions “underscore Investcorp’s conviction for the sector.” “Our decision to re-enter the senior housing sector reflects …
HOOSICK FALLS, N.Y. — Marcus & Millichap has arranged the sale of a skilled nursing facility located in Hoosick Falls, a town roughly 30 miles northeast of Albany. Situated on 3.9 acres, the property was built in 1954 and expanded in 1995 and totals 82 beds. Joseph Knapp and John Horowitz of Marcus & Millichap represented the seller, an undisclosed nonprofit, in the transaction.
MURFREESBORO, Tenn. — National Health Investors (NYSE:NHI) has executed an agreement to sell a portfolio of properties to National HealthCare Corp. (NHC) for a total of $560 million. The portfolio includes 32 skilled nursing facilities and three independent living facilities. NHC currently operates the properties on a lease. In 2025, the portfolio generated cash lease revenue of roughly $39.7 million for NHI. According to NHI, the company expects this move to strategically increase its concentration in the category of private-pay seniors housing. Following the transaction, NHI’s senior housing operating portfolio (SHOP) …
DENVER — Lightstone Capital has provided a $20 million first mortgage bridge loan to refinance Harvard Square by Cogir, a senior living community located in Denver. Funds managed by affiliates of Fortress Investment Group own the property, which is managed by Cogir Senior Living. Harvard Square by Cogir totals 216 units across four stories, with independent living, assisted living and memory care residences. Amenities at the property include a fitness center, activities room, golf simulator, library, salon and barbershop, café and pub. According to Lightstone Capital, this financing reflects the platform’s …
PHOENIX — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of a senior living community totaling more than 100 units in metro Phoenix. Built in 2021, the community features independent living, assisted living and memory care residences. Clarion Partners acquired the property from Civitas Capital Group for an undisclosed price. Stellar Senior Living will operate the community on behalf of Clarion Partners.
BAYONNE, N.J. — Hudson Atlantic Realty has brokered the sale of Senior Horizons at Bayonne, an affordable seniors housing community located in Bayonne, roughly 10 miles outside New York City. The buyer and seller were not disclosed. The property, which totals 59 units, is subject to agreements with the New Jersey Housing and Mortgage Finance Agency (NJHMFA) and New Jersey Department of Community Affairs (NJDCA) through 2047, as well as a Hudson County HOME regulatory agreement through 2042. Of the units, 30 percent are reserved for residents earning at or below …
NEW YORK CITY — MonticelloAM has provided $46 million in financing for a skilled nursing portfolio located in Washington. The financing includes a $40 million bridge loan and a $6 million working capital line of credit, with a 36-month initial term. Totaling five properties with more than 400 licensed beds, the portfolio features four skilled nursing facilities and one skilled nursing and independent living community. The borrower, which owns more than 80 healthcare properties across nine states, used the loan proceeds to acquire the portfolio.
WALTHAM, Mass. — Benchmark Senior Living has named Adam Manchester senior campus executive director, effective immediately. In this position, Manchester will oversee operations for all of the continuing care retirement communities (CCRCs) within the Benchmark portfolio, which include Edgehill in Stamford, Connecticut; Meadow Ridge in Redding, Connecticut; New Pond Village in Walpole, Massachusetts; and The Commons in Lincoln in Lincoln, Massachusetts. Manchester previously served as the campus executive director of New Pond Village for seven years. “We are always looking for better ways to support our CCRCs and the associates, residents …