Friday, August 22, 2025
Read the Magazine Subscribe

News

AcquisitionsAffordable HousingNew YorkNews

Greystone Provides $17.6M Fannie Mae Financing for Affordable Portfolio Acquisition in New York City

by Jeff Shaw

NEW YORK CITY — Greystone has provided $17.6 million in Fannie Mae Delegated Underwriting and Servicing (DUS) loans for the acquisition of two multifamily properties totaling 151 units in New York City. Dan Sacks and Ilan Bassali in Greystone’s New York office originated the loans on behalf of Heritage Affordable Communities LLC. Greystone provided a $12.5 million non-recourse loan to acquire Highland Avenue Senior Apartments, an 88-unit midrise seniors housing apartment property in Yonkers, which was constructed in 2008. The fixed-rate loan carries a 12-year term with a 30-year amortization …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNew JerseyNews

Tryko Partners Acquires 299-Bed Allendale Community in New Jersey

by Jeff Shaw

ALLENDALE, N.J. — Tryko Partners has acquired The Allendale Community, a 299-bed seniors housing community in the Northern New Jersey market of Allendale. The seller was a family that has owned the asset for 50 years. The price was not disclosed. “The acquisition of this outstanding asset enables us to add significant scope to our real estate investment presence in the sought-after northern New Jersey market,” says Tryko’s Uri Kahanow, director of acquisitions. “Allendale is a well-respected, legacy-owned property — one poised to remain a regional market leader. The sale …

Continue Reading
0 FacebookTwitterLinkedinEmail
IllinoisMemory CareNewsOperationsPeople

Anthem Memory Care Appoints Lori Cantway as Executive Director for Grace Point Place in Oak Lawn, Illinois

by Jeff Shaw

OAK LAWN, Ill. — Anthem Memory Care has appointed Lori Cantway as executive director for Grace Point Place in Oak Lawn. Cantway previously was executive director at Eden Supportive Living in Chicago. She has also served as executive director for Autumn Green Wright in Chicago. She brings over 16 years of senior living experience to this position. Cantway earned a bachelor’s degree in business management from DePaul University in Chicago.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentMarylandNews

Kisco, Welltower Break Ground on 302-Unit Carnegie at Washingtonian Center in Gaithersburg, Maryland

by Jeff Shaw

GAITHERSBURG, Md. — Kisco Senior Living and joint venture partner Welltower (NYSE: WELL) have broken ground on The Carnegie at Washingtonian Center, an independent living, assisted living and memory care community in Gaithersburg, approximately 20 miles northwest of Washington, D.C. The seven-story complex will offer 302 one- and two-bedroom units on an 8.5-acre plot. Floorplans range from 837 to 1,487 square feet. The site is adjacent to RIO Lakefront at Washingtonian Center, a large shopping mall. The property is scheduled to open in spring 2024. A sales center is slated …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentGeorgiaNews

Lenbrook Completes $108M Campus Expansion in Atlanta

by Jeff Shaw

ATLANTA — Lenbrook, an independent continuing care retirement community in Atlanta, has completed a $108 million expansion at the community. The project, named Kingsboro at Lenbrook, will add 53 independent living units, common areas, event space and a regulation croquet lawn on a four-acre parcel. The first Kingsboro at Lenbrook residents have already moved in, and just a few of the new 39 apartments and 14 villas remain available for sale, according to Lenbrook. THW Design was architect on the project, Greenbriar Development was development consultant and Brasfield & Gorrie …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAlabamaFeaturesNews

CBRE Arranges $9.5M Acquisition Financing for Pine Valley Retirement Community in Tuscaloosa, Alabama

by Jeff Shaw

TUSCALOOSA, Ala. — CBRE Senior Housing has arranged acquisition financing for Pine Valley Retirement Community, a 113-unit independent living and assisted living community in Tuscaloosa. The borrower is a joint venture between Winterpast Capital Partners and Broadview Real Estate Partners. The seller was not disclosed. Situated on a 10-acre site, the community comprises 98 independent living units, which includes 38 patio homes, and 15 assisted living units. Post-closing, the buyer plans to deploy approximately $2.4 million in capital upgrades. Aron Will, Austin Sacco and Tim Root of CBRE Senior Housing …

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsPeople

Sabra Hires Lukas Hartwich, Eliza Gozar to Senior Vice President Roles

by Jeff Shaw

IRVINE, Calif. — Sabra Health Care REIT Inc. (NASDAQ: SBRA) has hired Lukas Hartwich as senior vice president of finance and Eliza Gozar as senior vice president of investments. Hartwich will work directly with Michael Costa, Sabra’s executive vice president of finance and chief accounting officer, in overseeing Sabra’s investor relations, capital markets and financial planning and analysis functions. Hartwich comes to Sabra after 15 years at Green Street, most recently as a managing director, where he served as the head of research coverage for the healthcare and lodging sectors. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMinnesotaNews

Ecumen Breaks Ground on $24M The Hillock Affordable Community in Minneapolis

by Jeff Shaw

MINNEAPOLIS — Ecumen has broken ground on The Hillock, a 100-unit affordable housing community for seniors in the Longfellow neighborhood of Minneapolis. The project will include 11 units for homeless veterans. The $24 million development is scheduled to open in fall 2022. The site is adjacent to public transit and rents are expected to range from $816 to $1,339 per month. Units are reserved for seniors earning between 30 percent and 60 percent of the area median income. Phase II of the development will add an 89-unit affordable housing building …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingDevelopmentMassachusettsNews

Benchmark Plans $10M Renovation Project at Falls at Cordingly Dam in Newton, Massachusetts

by Jeff Shaw

NEWTON, Mass. — Benchmark Senior Living has unveiled plans for a $10 million renovation project at The Falls at Cordingly Dam, an assisted living and memory care community in Newton. The project includes opening more spaces with views of the Charles River, creating more open-concept common areas and modernizing apartments. It will also add 22 new units to the property. “The Falls was one of Benchmark’s first communities when we began nearly 25 years ago and has been an important part of the Newton community ever since,” says Tom Grape, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingFinanceFloridaNewsOklahoma

Ziegler Arranges $37.8M in Bridge Financing for Columbia Pacific Advisors

by Jeff Shaw

LAKE WORTH, Fla., and TULSA, Okla. — Ziegler has arranged a total of $37.8 million in bridge financing for Columbia Pacific Advisors (CPA), a Seattle-based investment firm. The two loans will refinance existing debt on two of the borrower’s seniors housing properties, The Landing at Lake Worth in Lake Worth and The Linden at Stonehaven Square in Tulsa. Each community offers assisted living and memory care services and consists of 134 total units. CPA developed and opened the Lake Worth Community in late 2018 and opened the Tulsa community in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts