WINDSOR, Colo. — Green Courte Partners (GCP) has acquired 55 Resort at Water Valley, an active adult community located in Windsor, roughly 60 miles north of Denver. Situated within the Water Valley master-planned development, the property totals 120 units. GCP purchased the community through its Green Courte Real Estate Partners VI LLC investment fund. This acquisition brings GCP’s national senior living portfolio to 3,300 units across 21 communities.
KING OF PRUSSIA, Pa. — Blueprint has arranged the sale of a senior living community located in King of Prussia, roughly 20 miles northwest of Philadelphia. Opened in 2021 and totaling 190 units, the property features assisted living and memory care residences. According to Blueprint, the community was not stabilized at the time of sale. Alex Florea, Kevin Lukehart, Steve Thomes and Kory Buzin of Blueprint brokered the sale on behalf of the undisclosed seller, a private equity investor.
NEW YORK CITY — Amy Heller has joined Meridian Capital Group as a senior managing director with the firm’s senior housing and healthcare group. Founded in 1991, New York City-based Meridian is a commercial real estate finance, investment sales and retail leasing advisor. Meridian serves as a financial intermediary for commercial seniors housing and healthcare properties in the U.S., covering both debt brokerage and investment sales across skilled nursing, seniors housing and medical office properties. In 2024, the firm originated a total of roughly $4.7 billion in healthcare-related debt financing for …
DUBLIN, Calif. — Developer Harbert South Bay Partners will open The Whitford of Dublin, a new assisted living and memory care community, in Dublin in fall 2026. Totaling 140 units, the property will feature residences in studio, one- and two-bedroom layouts. The largest floorplans will comprise 1,499 square feet. Momentum Seniors Living will manage the community.
BRIDGEPORT and SOUTHBURY, Conn. — Senior Living Hospitality Group, a newly formed organization, has assumed management of two senior living communities located in Connecticut. Watermark Retirement Communities previously operated the properties, which include 3030 Park in Bridgeport and East Hill in Southbury. A local team that previously operated as part of Watermark and which has overseen the two communities for many years formed the new organization. All community employees will remain in their positions, according to a press release. 3030 Park is a continuing care retirement community (CCRC) with 196 independent …
FRANKLIN PARK, Ill. — Evergreen Real Estate Group has broken ground on Leyden Senior Apartments, a new affordable seniors housing community in Franklin Park, roughly 20 miles outside Chicago. Upon completion, the development will comprise 80 units. Roughly 20 percent of the residences will be reserved for seniors earning at or below 50 percent of the area median income (AMI), with the remainder reserved for seniors earning at or below 60 percent of the AMI. The project is a public-private partnership between developer Evergreen Real Estate Group — which will also …
NEW YORK CITY — MonticelloAM has provided a $25 million mezzanine loan for the refinancing of a skilled nursing facility in New York City. Comprising 300 beds, the facility is situated within Staten Island. The undisclosed borrower will use the loan proceeds to recapitalize the property’s existing equity.
SAN DIEGO — Seniors housing’s standing in the investment world is on the rise, says Lisa McCracken, head of research and analytics at the National Investment Center for Seniors Housing & Care based in Annapolis, Maryland. During a webinar hosted by the Urban Land Institute in October 2024 highlighting its real estate economic forecast, the organization polled over 2,000 registrants on the following question: “Which sector do you feel will provide the best risk-adjusted returns across the next three years?” Data centers captured the largest share of responses (38 percent), …
LOS ANGELES — The challenges in the commercial real estate lending market that emerged in the fourth quarter of 2022 — highlighted by the sharp rise in interest rates — still linger and have forced seniors housing developers, investors and operators to adjust their strategies. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. “We’re in an era now where there’s a lot of turmoil, I’d say, …
TOLEDO, Ohio — REIT Welltower Inc. is under contract to acquire a seniors housing portfolio located in Canada for C$4.6 billion ($3.2 billion). In addition to 38 ultra-luxury communities, the acquisition includes nine entitled development parcels. Ontario Teachers’ Pension Plan is the seller. Located throughout neighborhoods in Toronto, Vancouver and Victoria, the communities include 31 in-place properties as well as seven communities under construction. Of the 31 in-place communities, 24 are stabilized, with seven recently opened properties still undergoing the lease-up process. The under-construction communities will be acquired upon the achievement …