Friday, October 24, 2025
Read the Magazine Subscribe

News

AcquisitionsActive AdultMinnesotaNews

JLL Arranges $27.3M Sale of Active Adult Community Near Minneapolis

by Jeff Shaw

MAPLEWOOD, Minn. — JLL Capital Markets has arranged the $27.3 million sale of Frost English Silver, a newly built, luxury apartment community for residents age 55 and older in Maplewood, a suburb of Minneapolis. The property’s 107 units average 876 square feet each. Josh Talberg, Mox Gunderson, Dan Linnell, Adam Haydon and Ken Dayton of JLL represented the seller, Sherman Associates. Jeff Lepley of JLL arranged acquisition financing on behalf of the buyer, an affiliate of Axial Real Estate Advisors LLC. JLL is providing the seven-year, fixed-rate Fannie Mae loan.

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentNewsTexas

Lument Provides $47.1M in Financing for The Oaks Mixed-Income Community in Dallas

by Jeff Shaw

DALLAS — Lument has provided $25 million in short-term bonds and a $22.1 million Freddie Mac unfunded forward loan for The Oaks, a mixed-income seniors housing development in Dallas The borrowers are co-developers DHA Housing Solutions for North Texas and the Volunteers of America National Services (VOANS). Tracy Peters, senior managing director, and Dale Giffey, associate director, led the transaction for Lument. The Oaks is being co-developed by DHA and VOANS, the latter of which is also the sponsor and guarantor. DHA is the tenth largest housing authority in the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentNewsPennsylvania

Tryko Partners to Develop 46-Unit Cedarwood Homes Affordable Project in Pittsburgh

by Jeff Shaw

PITTSBURGH — New Jersey-based Tryko Partners has announced plans for Cedarwood Homes, an age-restricted affordable housing project that will be located at the site of the former Fairywood School in Pittsburgh. The majority (39) of the units will be reserved for renters earning 60 percent or less of the area median income. The Pennsylvania Housing Finance Agency has awarded a 9 percent Low-Income Housing Tax Credit to fund the project. Completion is slated for late 2023.

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentFinanceNewsVirginia

Walker & Dunlop Arranges $300M Construction Loan for The Mather in Tysons, Virginia

by Jeff Shaw

TYSONS, Va. — Walker & Dunlop, Inc. has arranged $300 million in construction financing for The Mather, a high-rise continuing care retirement community in the Washington, D.C. suburb of Tysons. A 50/50 partnership between Mather and Westminster Capital is developing the building. The project was announced in 2017, the land acquisition was completed in 2019 and pre-sales began this past summer. The transit-oriented project will comprise two buildings with 300 independent living apartments, 16 assisted living apartments, 20 memory support suites and 42 private nursing suites that will be built …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingCaliforniaNews

Contour Acquires Estancia Senior Living in Southern California for $35M

by Jeff Shaw

FALLBROOK, Calif. — Contour, a real estate investment and development company, has acquired Estancia Senior Living in Fallbrook, a suburb of San Diego. The price was $35 million. Located on a 3.4-acre lot, the two-story property features 79 assisted living units and 25 memory care units. The 88,892-square-foot community opened in summer 2021. The sale also included approximately five acres of additional vacant land, located directly adjacent to the property. Meridian Senior Living will continue to operate the asset following the sale. Alanna Ellis and Jeff Sause of JLL Capital …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsActive AdultCaliforniaNews

IPA Brokers $23.9M Sale of Zen Diamond Valley Senior Living Apartments in Hemet, California

by Jeff Shaw

HEMET, Calif. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Zen Diamond Valley Senior Living Apartments, a 177-unit active adult community in the Inland Empire city of Hemet. Investment Concepts acquired the property for $23.9 million. “One of the fastest-growing submarkets in Southern California, the Inland Empire is well suited to meet demands for seniors housing,” says Bill Roblero, vice president of investments in Marcus & Millichap’s Ontario office. “Supported by the area’s strong economic fundamentals and demographics, Zen Diamond Valley Senior …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingMichiganNews

Blueprint Negotiates Sale of Two-Property Maplewood Portfolio in Michigan

by Jeff Shaw

MARSHALL and MT. PLEASANT, Mich. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Maplewood of Marshall and Maplewood of Mt. Pleasant, located approximately 100 miles away from each other in Central Michigan. The assets feature a combined total of 93 assisted living units. Built in the late 1980s and 1990s with renovations in the early 2000s, the communities were well maintained with over 95 percent occupancy prior to the onset of the global pandemic. The operator ultimately decided to exit its only assisted living communities to concentrate …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFloridaNews

SLIB Arranges Sale of 64-Unit Canopy on Berryhill in Pace, Florida

by Jeff Shaw

PACE, Fla. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Canopy on Berryhill, a seniors housing community in the Pensacola suburb of Pace. The community offers assisted living and memory care and consists of 64 units and 80 beds. The property opened in late December 2019. The first resident move-ins occurred in late December 2019 and early January 2020. Despite the challenges of COVID-19, the property achieved 95 percent occupancy in less than a year. A partnership led by Florida-based developer Rimrock Cos. sold the asset. The buyer …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFloridaNews

Belmont Village, Baptist Health Break Ground on 232-Unit Community in Coral Gables, Florida

by Jeff Shaw

CORAL GABLES, Fla. — Belmont Village Senior Living and Baptist Health South Florida have broken ground on Belmont Village Coral Gables, a 232-unit seniors housing community in the Miami suburb of Coral Gables. The 10-story property will total 350,000 square feet, including 18,388 square feet of ground-floor retail and commercial space. The community will offer independent living, assisted living and memory care services. A health and wellness center on the ground floor, Healthy Living by Baptist Health, will be open to both residents and area seniors. This is Belmont Village’s …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentMinnesotaNews

New Perspective Starts Construction of 146-Unit Community in Arden Hills, Minnesota

by Jeff Shaw

ARDEN HILLS, Minn. — New Perspective has broken ground on New Perspective-Arden Hills, a 192,000-square-foot seniors housing community in the Minneapolis suburb of Arden Hills. The property will offer 146 units of independent living, assisted living and memory care. It is scheduled for completion in early 2023. Co-developers on the project include Boldt, and New Perspective will operate the community upon completion.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts