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Timber-Ridge_Davenport-Iowa
Affordable HousingDevelopmentIowaNews

Woda Cooper Cos., Parallel Housing Break Ground on 52-Unit Affordable Housing Development in Iowa

by Hayden Spiess

DAVENPORT, Iowa — Woda Cooper Cos. Inc. and nonprofit Parallel Housing Inc. have broken ground on a new 52-unit affordable housing development located in Davenport.  Units at the community, dubbed Timber Ridge, will be reserved for seniors age 62 and older earning at or below 40 and 60 percent of the area median income. Monthly rental rates for the one- and two-bedroom apartments are expected to range from $565 to $975.  Financing for the project includes a HOME loan from the City of Davenport and the allocation of nine percent housing …

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AcquisitionsColoradoNewsSkilled Nursing

Kiser Group Brokers $13M Sale of Skilled Nursing Facility Near Colorado Springs

by Hayden Spiess

WOODLAND PARK, Colo. — Kiser Group has brokered the $13 million sale of a skilled nursing facility located in Woodland Park, roughly 20 miles northwest of Colorado Springs. The property, Forest Ridge, was 95 percent occupied at the time of sale.  Cottonwood acquired the facility, adding to its portfolio of more than 30 skilled nursing properties in the state.  Mark Myers of Kiser Group arranged the transaction. “Forest Ridge was an appealing opportunity because it aligns perfectly with Cottonwood’s strategy of acquiring quality, well-located facilities in markets with strong operational fundamentals,” …

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Watercrest at Mansfield - Mansfield TX
AcquisitionsCompany NewsNews

Sonida to Acquire CNL Healthcare Properties for $1.8B

by Hayden Spiess

DALLAS — Owner and operator Sonida Senior Living Inc. (NYSE: SNDA) has entered into a definitive merger agreement to acquire CNL Healthcare Properties (CHP), a non-traded public REIT, in a deal valued at $1.8 billion.  Upon completion of the merger, the combined company will be the eighth-largest senior living owner, with a portfolio of 153 independent living, assisted living and memory care communities and enterprise value of $3 billion. CHP ranked as the 22nd-largest owner in the 2025 edition of the ASHA 50, which is based on figures from June 1, and Sonida ranked …

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Oak-Pointe_Missouri
AcquisitionsMissouriNews

Stacked Stone, Praxis Capital Acquire $71M Portfolio in Missouri

by Hayden Spiess

SAN CLEMENTE, Calif. — Stacked Stone Ventures, in a joint venture with Praxis Capital, has acquired a $71 million seniors housing portfolio located in Missouri.  The acquired properties include Oak Pointe of Carthage, Oak Pointe of Kearney, Oak Pointe of Maryville, Oak Pointe of Monett, Oak Pointe of Neosho, Oak Pointe of Rolla and Oak Pointe of Washington.  Viva Senior Living will manage the properties on behalf of the new ownership. Senior Living Investment Brokerage (SLIB) arranged the transaction. The seller was not disclosed.  “Oak Pointe has a legacy of quality …

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Friendship-Village-Tempe_Tempe-Ariz
ArizonaCCRCDevelopmentNews

LCS Development Underway on Third Phase of Renovation at 50-Acre CCRC in Tempe, Arizona

by Hayden Spiess

TEMPE, Ariz. — LCS Development is underway on the third phase of a master planned renovation at Friendship Village Tempe, a 50-acre continuing care retirement community located in Tempe.  Construction has begun on the phase, which will include the removal of an existing structure and the addition of a new, five-story building. Upon completion, which is planned for the fourth quarter of 2027, the building will total 175,900 square feet with 69 independent living apartments, two guest suites and below-grade parking. Units in the building will range in size from 909 …

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New-Jersey-Community
AcquisitionsIllinoisNews

SLIB Arranges $17.5M Sale of Three-Community Portfolio in New Jersey 

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a portfolio of three assisted living and memory care communities located in Western New Jersey. The sales price was $17.5 million.  Together, the properties total 214 units, with each community comprising roughly 70 units.  Ryan Saul, Toby Siefert and Patrick Burke of Illinois-based SLIB brokered the transaction on behalf of the undisclosed seller. A large regional owner acquired the portfolio, marking its first purchase in the state of New Jersey. 

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Benchmark-Roseland_Roseland-N.J
AcquisitionsAssisted LivingMemory CareNew JerseyNews

Benchmark, National Development Acquire 85-Unit Community in New Jersey

by Hayden Spiess

ROSELAND, N.J. —  A joint venture between Benchmark Senior Living and National Development has acquired Arbor Terrace Roseland, an 85-unit assisted living and memory care community located in Roseland.  Benchmark will operate the facility, which has been rebranded as Benchmark at Roseland. Synovus Bank provided financing for the acquisition.  Amenities at the property, which totals 68,000 square feet, include a café, movie theater, hair salon, fitness center, library, private dining room and recreation room.  Benchmark is also currently underway on two projects in New Jersey in partnership with National Development — Benchmark …

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Ekos-Pembroke-Park_Pembroke-Park-Fla
Affordable HousingDevelopmentFloridaNews

McDowell Housing Partners Begins Development of $64.7M Affordable Seniors Housing Project in Florida

by Hayden Spiess

PEMBROKE PARK, Fla. — McDowell Housing Partners has begun construction of Ekos at Pembroke Park, a new affordable seniors housing development located in Pembroke Park.  Upon completion, the $64.7 million project will total 150 units reserved for seniors earning up to 80 percent of the area median income. This marks the 16th affordable housing project in the state of Florida for McDowell.  Amenities at the community will include a clubroom, fitness center, package lockers, bike storage and six electric vehicle charging stations. Nonprofit organization Area Agency on Aging of Broward County …

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AcquisitionsCompany NewsNewsOhio

Welltower Announces Seniors Housing Transactions Totaling $23B 

by Hayden Spiess

TOLEDO, Ohio — Welltower has announced, as part of its third quarter 2025 results, $23 billion in previously undisclosed seniors housing transactions completed or under contract this year as of Oct. 27, as part of its increased focus on the sector.  The figure includes $14 billion of pro rata gross investments, primarily in the form of senior living community acquisitions in the U.S. and the U.K.  Welltower expects the percentage of its net operating income derived from seniors housing business to increase to more than 80 percent following the completion of …

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Wellspring-Apartments
Affordable HousingDevelopmentFloridaNews

ANF Completes 99-Unit Affordable Seniors Housing Community Near Miami

by Hayden Spiess

OPA-LOCKA, Fla.  — Construction and development firm ANF has completed the construction of Wellspring Apartments, a new affordable seniors housing community located in Opa-locka, roughly 15 miles northwest of Miami. The Integral Group was the developer.  Totaling 99 units, Wellspring Apartments features studio, one- and two-bedroom apartments. Residences are reserved for seniors earning at or below 60 and 50 percent of the area median income (AMI), with 67 units reserved for residents earning at or below 50 percent of the AMI and 32 units reserved for residents earning at or below …

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