ANAHEIM HILLS, Calif. — JCH Senior Housing Investment Brokerage has arranged the sale of an assisted living and memory care facility located in the Inland Empire region of Southern California. A local operator acquired the property for $14.1 million. Licensed for 100 beds, the facility features 86 units. Cindy Hazzard and Jim Hazzard of Anaheim, California-based JCH represented both the buyer and seller in the transaction.
By Hayden Spiess DALLAS — Even those in their golden years are not immune to climbing rates of marriage dissolution. The divorce rate among couples wherein one of the spouses is age 50 or older — a phenomenon sometimes termed a “gray divorce” — has risen to 40 percent, according to data from the National Investment Center for Seniors Housing & Care (NIC). Though a bleak statement on the marital landscape, this fact has been one of the elements bolstering occupancy within the growing active adult subsector of seniors housing, says Caroline …
MINNETONKA, Minn. — Senior living developer, owner and operator New Perspective has acquired five communities in Minnesota. Each of the properties, all of which offer assisted living and memory care residences, is located within the Minneapolis-St. Paul metro. The communities will now be operated as New Perspective White Bear Lake, New Perspective Oakdale, New Perspective Golden Valley, New Perspective Rosedale and New Perspective Minnetonka. Amenities at the properties include communal spaces, wellness and recreational programs and chef-prepared meals.
CHERRY HILL, N.J. — Procida Funding & Advisors has secured a $140 million loan for the completion of the development of The Plaza Grande, a new active adult community currently underway in Cherry Hill. Madison Realty Capital and Pearlmark provided the financing. Madison Realty Capital also provided a construction loan for the project in 2021. Upon completion, The Plaza Grande will comprise 507 units for residents age 55 and older. Amenities at the community, which will feature an 18,500-square-foot clubhouse, will include indoor and outdoor pools, tennis courts, pickleball courts, theaters, …
MIAMI — Investment firm Locust Point Capital, which operates exclusively in the seniors housing and care sector, has closed its Locust Point Private Credit Fund III with $668 million in total capital commitments. This marks a 56 percent increase over raise of the firm’s predecessor vehicle, which closed at $428 million. According to Locust Point, Fund III will continue to execute the firm’s core strategy, which includes providing structured credit solutions to owner-operators of seniors housing communities. “Having invested in the seniors housing industry for more than three decades, I believe …
WALNUT CREEK, Calif. — Continuing Life LLC is currently underway on the development of The Glen at Heather Farm, a new seniors housing community in Walnut Creek. Upon completion, the property will total 354 units in the form of both apartments and single-story homes. In addition to independent living, the community will offer assisted living and memory care services, as well as long-term care options at an adjacent health center. Amenities at the property will include multiple dining venues, a health spa, aquatic center, theaters and pickleball and tennis courts. The …
McDowell Housing Partners Completes Construction of 160-Unit Affordable Housing Community in Florida
NAPLES, Fla. — McDowell Housing Partners (MHP) has completed the construction of Ekos Cadenza, a 160-unit affordable seniors housing community in Naples. This marks MHP’s second phase of development at the site. The first phase, which also comprises 160 units of affordable housing for seniors, opened in October 2024. Totaling five stories, Ekos Cadenza features studio, one- and two-bedroom residences ranging from 527 to 1,007 square feet. Amenities at the community include a swimming pool, wet bar, fitness center, game room, media center, pickleball court and clubhouse. The Healthcare Network of …
CHICAGO — Canyon Partners Real Estate has provided a $47 million senior loan for the refinancing of American House Oak Park, a 174-unit seniors housing community in Chicago. A joint venture between affiliates of AEW Capital Management and REDICO was the borrower. Located in the Oak Park neighborhood, the property comprises 74 independent living, 65 assisted living and 35 memory care units. Amenities at the community include a rooftop lounge, roof terraces, fitness options, a salon, game room, art studio and theater. Newmark facilitated the financing.
SILVER SPRING, Md. — Northern Liberties and Equity Resource Investments have acquired Arbor Crest, an affordable housing active adult community located in Silver Spring. Built in 2004, the property totals 80 units for residents age 62 and older. Units are reserved for residents earning between 45 and 70 percent of the area median income. As part of the acquisition, Northern Liberties has entered into an agreement with Montgomery County through its payment in lieu of taxes (PILOT) program. All county property taxes will be abated for 20 years in exchange for …
ATLANTA — Senior Living Investment Brokerage has brokered the sale of a skilled nursing portfolio in metro Atlanta. The portfolio includes two properties totaling 439 beds. Daniel Geraghty and Bradley Clousing of SLIB arranged the transaction on behalf of the seller, a Northeast-based owner. An undisclosed owner and operator was the buyer.