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AcquisitionsFinanceMontanaNewsOregon

Integrated Senior Foundation Receives $79.3M Acquisition Financing for Three Communities in Oregon, Montana

by Hayden Spiess

BREA, Calif. — Integrated Senior Foundation, a non-profit senior living provider, has received $79.3 million in tax-exempt, floating-rate financing for the acquisition of three properties located in Oregon and Montana.  The communities include Magnolia Gardens in Cottage Grove, Oregon; Wiley Creek in Sweet Home, Oregon; and The Lodge in Great Falls, Montana. Together, the properties total 287 units, with 23 independent living, 190 assisted living and 74 memory care units. Magnolia Gardens features 101 units with a full continuum of care. Wiley Creek comprises 108 units, including independent living, assisted living …

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AcquisitionsCaliforniaFinanceNews

Harrison Street Receives Acquisition Financing for 153-Unit Community in Carlsbad, California

by Hayden Spiess

CARLSBAD, Calif. — Harrison Street has received a loan to facilitate the acquisition of a 153-unit senior living community located in Carlsbad.  The community, Oakmont Santianna, totals 153 units, including independent living, assisted living and memory care residences. Oakmont Management Group developed the property, which opened in 2022.  BWE arranged the financing, which includes a 10-year, fixed-rate loan with full-term interest-only payments. A life insurance company provided the loan.  Oakmont Management Group will continue to operate the community on behalf of the new ownership. 

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Active AdultDevelopmentFinanceNew JerseyNews

Rock Solid Builders Secures $29.5M Construction Financing for Active Adult Development in New Jersey

by Hayden Spiess

NUTLEY, N.J. — Rock Solid Builders Inc. has received a $29.5 million loan for the construction of a new active adult development in Nutley, New Jersey.  Kearny Bank provided the 2.5-year, floating-rate financing.  Completion of the development is scheduled for spring 2027. Upon completion, the property, Soho Park Residences, will feature 85 age-restricted units for residents ag 55 and older. Units will include one- and two-bedroom layouts, with an average apartment size of 1,110 square feet. Amenities at the community will include a fitness and wellness center, library, swimming pool and sun …

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DevelopmentFloridaNews

Lifespace Communities Breaks Ground on $49M Expansion Project at Harbour’s Edge in Delray Beach, Florida

by Hayden Spiess

DELRAY BEACH Fla. — Lifespace Communities has broken ground on a $49 million expansion project at Harbour’s Edge, a senior living community in Delray Beach.  Upon completion, the expansion will add 24 assisted living apartments and 16 memory care apartments to the property. Planned amenities include a garden with a walking path, a third-floor terrace for assisted living residents, a spa, bar and wellness gym, as well as dedicated dining rooms, kitchens and activity spaces.  A groundbreaking event is scheduled for Aug. 20.  Nonprofit Lifespace Communities owns and operates 15 communities …

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Jason Beakas
Company NewsNew YorkNews

Jason Beakas Joins Lument as Originator

by Hayden Spiess

NEW YORK CITY — Jason Beakas has joined Lument as an originator. Serving in a director role, Beakas will support the firm’s seniors housing and healthcare origination efforts in collaboration with Doug Harper and Casey Moore.  Based in Columbus, Ohio, Beakas will serve clients nationwide.  Prior to joining Lument, Beakas worked at Lancaster Pollard, which he joined in 2010. Since 2010, Beakas has managed and underwritten more than 200 transactions totaling roughly $1.7 billion across a range of capital structures including FHA/HUD, Fannie Mae and USDA financing, as well as balance …

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AcquisitionsNewsSkilled NursingWisconsin

Marcus & Millichap Arranges $9.5M Sale of Skilled Nursing Facility in Wisconsin

by Hayden Spiess

MERRILL, Wis. — Marcus & Millichap has arranged the $9.5 million sale of a skilled nursing facility located in Merrill.   Totaling 120 beds, Pine Crest Nursing Home features 117 units, with 105 private rooms and 15 semi-private rooms. A memory care unit, rehabilitation center and special care units were recently added to the property.  The facility was 70 percent occupied at the time of sale. Ray Giannini of Marcus & Millichap brokered the sale on behalf of the seller and procured the buyer. 

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CaliforniaDevelopmentIndependent LivingNews

Hawthorn Senior Living Opens 149-Unit Independent Living Community Near Sacramento

by Hayden Spiess

RANCHO CORDOVA, Calif. — Developer, owner and operator Hawthorn Senior Living has opened Bear Hollow Estates, a new independent living community located in Rancho Cordova, roughly 15 miles outside Sacramento.  Totaling 149 units, the property features studio, one- and two-bedroom apartments. Amenities at the $46.5 million development include a fitness studio, movie theater, billiards lounge, pub, salon and library. Outdoor features include walking paths, raised garden beds and a fire-pit courtyard.  This marks Hawthorn Senior Living’s sixth community in California. Hawthorn’s national portfolio comprises more than 70 communities. 

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Company NewsIllinoisNewsPeople

Covenant Living Names Tony Galvan Vice President of Resident Experience

by Hayden Spiess

SKOKIE, Ill. — Tony Galvan has joined Covenant Living Communities and Services as vice president of resident experience. Covenant is a non-profit, faith-based senior living organization. In this new role, Galvan is responsible for working with the organization’s 20 communities in all areas impacting resident life, ranging from wellness initiatives to lifestyle programming and more.  While Covenant has always placed a strong emphasis on enhancing the resident experience, this is the first leadership position to spearhead those efforts under the umbrella of operations, according to the organization. Galvan has more than …

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AcquisitionsActive AdultNewsTexas

Capital Square Acquires 62-Unit Active Adult Community in Fredericksburg, Texas

by Hayden Spiess

FREDERICKSBURG, Texas — Capital Square has acquired Woodland Cottages, an active adult community located in Fredericksburg.  Woodland Cottages totals 62 units, with 20 one-bedroom and 42 two-bedroom residences. One-bedroom and two-bedroom apartments at the property average 899 and 1,355 square feet, respectively. Amenities at the community include a 6,000-square-foot clubhouse, a swimming pool, fitness center and dedicated resident concierge.  Capital Square acquired the property on behalf of its CS1031 Texas Active Adult Living I DST fund, which is currently raising equity from accredited investors. 

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Amy-Kotterman
Company NewsNewsOhioPeople

Amy Kotterman Receives Executive Promotion at United Church Homes

by Hayden Spiess

MARION, Ohio — United Church Homes (UCH) has promoted Amy Kotterman, a registered dietitian nutritionist, to the position of senior executive director of integrated operations. In this new leadership role, Kotterman will oversee multiple interdisciplinary service lines at UCH, including middle-market housing, memory care program management and dining services. UCH serves nearly 7,000 residents across more than 90 communities in 15 states and two Native American nations. As senior executive director, Kotterman will be responsible for strategic planning, operational excellence and program integration across service lines. She will lead efforts to ensure …

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