HYATTSVILLE, Md. — Walker & Dunlop has arranged $40.5 million in debt and equity for a new affordable seniors housing development in Hyattsville, roughly seven miles east of downtown Washington, D.C. Community Housing Initiative, which is developing the project in partnership with First Baptist Church of Highland Park, is the borrower. Upon completion, The Highlands will total 137 units for residents age 62 and older. Five of the residences will be reserved for seniors earning at or below 50 percent of the area median income (AMI), with the remaining 132 apartments …
METHUEN, Mass. — Sunshine Retirement Living (SRL) has sold The Woods at Merrimack, a 140-unit independent living community located in Methuen, a city located on the New Hampshire border. A joint venture between Capitol Seniors Housing and a global alternative asset manager acquired the property for an undisclosed price. SRL will continue to operate the community on a third-party basis on behalf of the new ownership.
NORTH OGDEN, Utah — Blueprint has brokered the sale of The Lodge at North Ogden, a 122-unit senior living property located in North Ogden, roughly 50 miles north of Salt Lake City. Opened in 2019, the community features independent living, assisted living and memory care residences. An undisclosed, non-traded REIT partnered with a regional operator and acquired the property for an undisclosed price. Amy Sitzman and Giancarlo Riso of Blueprint arranged the transaction on behalf of the seller.
ST. JOHN’S, Fla. — Protea Capital Partners has received a $34.5 million loan for the construction of a new seniors housing community in St. John’s. Olga Walsh, Aaron Rosenzweig and Dan Baker of JLL Capital Markets arranged the five-year financing on behalf of Protea. Situated within the Beachwalk master-planned community, HarborChase of Beachwalk will feature 172 units, with 82 independent living, 66 assisted living and 24 memory care residences across multiple buildings. Amenities at the property will include a bar, bistro, beauty salon, arts and crafts room, theater, billiards room, fitness …
SAN DIEGO and LOS ANGELES — Berkadia has arranged the sale and financing of two senior living communities located in Southern California. Situated within suburbs of San Diego and Los Angeles, respectively, the properties include an 84-unit assisted living community and a 72-unit memory care community. Together, the communities were roughly 90 percent occupied at the time of financing. Mike Garbers, Cody Tremper, Ross Sanders and Dave Fasano of Berkadia brokered the sale on behalf of the seller, a private owner. Ed Williams and Steve Muth of Berkadia secured acquisition financing …
NEW YORK CITY — MonticelloAM has provided $48.1 million in bridge and working capital financing for a skilled nursing portfolio located in North Carolina. The borrower was not disclosed. The portfolio totals more than 300 beds across three facilities. In addition to a $45.6 million bridge loan, the financing includes a $2.5 million working capital line of credit. “We focus on giving operators the resources they need to deliver strong care,” says Kim Gordon of New York City-based MonticelloAM. “With the $2 million working capital line of credit, we demonstrate our …
DAVENPORT, Iowa — Woda Cooper Cos. Inc. and nonprofit Parallel Housing Inc. have broken ground on a new 52-unit affordable housing development located in Davenport. Units at the community, dubbed Timber Ridge, will be reserved for seniors age 62 and older earning at or below 40 and 60 percent of the area median income. Monthly rental rates for the one- and two-bedroom apartments are expected to range from $565 to $975. Financing for the project includes a HOME loan from the City of Davenport and the allocation of nine percent housing …
WOODLAND PARK, Colo. — Kiser Group has brokered the $13 million sale of a skilled nursing facility located in Woodland Park, roughly 20 miles northwest of Colorado Springs. The property, Forest Ridge, was 95 percent occupied at the time of sale. Cottonwood acquired the facility, adding to its portfolio of more than 30 skilled nursing properties in the state. Mark Myers of Kiser Group arranged the transaction. “Forest Ridge was an appealing opportunity because it aligns perfectly with Cottonwood’s strategy of acquiring quality, well-located facilities in markets with strong operational fundamentals,” …
DALLAS — Owner and operator Sonida Senior Living Inc. (NYSE: SNDA) has entered into a definitive merger agreement to acquire CNL Healthcare Properties (CHP), a non-traded public REIT, in a deal valued at $1.8 billion. Upon completion of the merger, the combined company will be the eighth-largest senior living owner, with a portfolio of 153 independent living, assisted living and memory care communities and enterprise value of $3 billion. CHP ranked as the 22nd-largest owner in the 2025 edition of the ASHA 50, which is based on figures from June 1, and Sonida ranked …
SAN CLEMENTE, Calif. — Stacked Stone Ventures, in a joint venture with Praxis Capital, has acquired a $71 million seniors housing portfolio located in Missouri. The acquired properties include Oak Pointe of Carthage, Oak Pointe of Kearney, Oak Pointe of Maryville, Oak Pointe of Monett, Oak Pointe of Neosho, Oak Pointe of Rolla and Oak Pointe of Washington. Viva Senior Living will manage the properties on behalf of the new ownership. Senior Living Investment Brokerage (SLIB) arranged the transaction. The seller was not disclosed. “Oak Pointe has a legacy of quality …