News

McDowell Housing Partners Completes Construction of 160-Unit Affordable Housing Community in Florida

by Hayden Spiess June 11, 2025

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 …

June 11, 2025

Assisted Living Finance Illinois Independent Living Memory Care News

Canyon Partners Provides $47M Refinancing for Seniors Housing Community in Chicago

by Hayden Spiess June 11, 2025

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.

June 11, 2025

Acquisitions Active Adult Affordable Housing Maryland News

Northern Liberties, Equity Resource Investments Acquire Arbor Crest in Silver Spring, Maryland

by Hayden Spiess June 11, 2025

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 …

June 11, 2025

Acquisitions Georgia News Skilled Nursing

SLIB Brokers Sale of 439-Bed Skilled Nursing Portfolio in Metro Atlanta

by Hayden Spiess June 10, 2025

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.

June 10, 2025

Assisted Living Finance News Wisconsin

MonticelloAM Provides $28M Bridge Financing for Two Properties in Wisconsin

by Hayden Spiess June 10, 2025

NEW YORK CITY — MonticelloAM has provided a $28 million senior bridge loan to finance two seniors housing properties located in Wisconsin. Karina Davydov of New York City-based MonticelloAM originated the transaction on behalf of the undisclosed borrower, a Midwest-based operator. The borrower plans to use the floating-rate loan, which carries a 24-month initial term, to refinance existing debt. Together the assisted living communities, which are located near Madison and Milwaukee, comprise 170 beds.

June 10, 2025

Active Adult Colorado Company News Development News

Headwaters Group Launches New Aspendale Active Adult Brand

by Hayden Spiess June 4, 2025

DENVER — Headwaters Group, a Denver-based real estate owner and developer, has launched a new active adult brand. Dubbed Aspendale, the brand will serve residents age 55 and older at a portfolio of communities across Colorado and the western U.S. The current Aspendale portfolio comprises four communities scheduled to open between late 2025 and mid-2026. Located in Centennial, Colorado, Aspendale Centennial will total 200,000 square feet and 172 apartments. Now leasing, the property is scheduled to open in late 2025. Aspendale Northglenn in Northglenn, Colorado, is also currently leasing and totals …

June 4, 2025

Acquisitions Assisted Living Finance Independent Living Memory Care News Oregon

BMO Healthcare Provides $41M Acquisition Financing for Community Near Portland, Oregon

by Hayden Spiess June 4, 2025

SHERWOOD, Ore. — BMO Healthcare’s Real Estate Finance group has provided a $41 million loan for the acquisition of The Ackerly at Sherwood, a senior living community located in Sherwood, roughly 15 miles southwest of Portland. A joint venture between an institutional investor and Merrill Gardens is the borrower. Merrill Gardens will manage and operate the property. The Ackerly at Sherwood totals 130 units with independent living, assisted living and memory care residences. Based in Seattle, Merrill Gardens manages more than 60 seniors housing communities across 20 states.

June 4, 2025

Acquisitions California Idaho News Oregon Skilled Nursing Washington

CareTrust REIT Acquires $146M Skilled Nursing Portfolio

by Hayden Spiess June 4, 2025

SAN CLEMENTE, Calif. — CareTrust REIT and a joint venture partner have acquired a portfolio of skilled nursing facilities in the Pacific Northwest for $146 million. Comprising 911 licensed beds across 10 properties, the portfolio is located in Idaho, Oregon and Washington. The two existing tenants will continue to occupy the facilities on new, 15-year triple-net leases with extended options and annual escalators. California-based CareTrust provided common equity and preferred equity investments totaling $141 million at closing using cash on hand and a draw from the company’s revolving credit line. This …

June 4, 2025

Finance Massachusetts News

Diversified Healthcare Secures Two Financings Totaling $94.3M, Retires Senior Notes

by Hayden Spiess June 4, 2025

NEWTON, Mass. — Diversified Healthcare Trust (DHC), a Massachusetts-based real estate investment trust focused on healthcare properties, has secured two financings totaling $94 million. The financings include a $64 million five-year mortgage loan and a $30.3 million ten-year Fannie Mae mortgage loan. DHC plans to use the loans to repay the remaining $100 million of the company’s 9.75 percent senior notes due June 2025. A portfolio of six seniors housing communities managed by Five Star Senior Living secures the financings. With a fixed interest rate of roughly 6.6 percent, the $64 …

June 4, 2025

Company News Iowa News Operations

Nick, Dani Merlino Assume Leadership of Better Living

by Hayden Spiess June 3, 2025

SOLON, Iowa — Nick and Dani Merlino have acquired and assumed leadership of Better Living, a senior living operator based in Iowa. The pair, which brings 35 years of experience to the company, plans to rebrand Better Living, invest in enhanced team training and launch a “Better Days Memory Care” program. Better Living currently operates 14 communities throughout Iowa, Minnesota and Wisconsin.

June 3, 2025

Newer Posts

Older Posts