SEBRING, Fla. — Mainstay Senior Living has acquired a 155-unit seniors housing community located in Sebring. Formerly known as Fellowship at the Fairway, the community will operate as Osprey Manor Fairway moving forward. The campus includes independent and assisted living apartments in a mix of studio, one-bedroom and two-bedroom layouts. The seller and sales price were not disclosed.
PINAL COUNTY, Ariz. — Investcor has announced plans for Mojave Sage, a new luxury seniors housing community to be located in Pinal County, southeast of Phoenix. Upon completion, Mojave Sage will total 117 residences, with assisted living and memory care units. Amenities at the community will include a full-service beauty salon, fitness and wellness center, movie room, gathering areas, private courtyards, outdoor spaces, gardening programs, a dog park and onsite store. Komo Architecture is designing the project, and KBE Building Corp. will serve as the general contractor. Construction is expected to …
NEW YORK CITY — Berkadia has provided $25.8 million in financing for the acquisition of two memory care facilities located in upstate New York. The bridge loans feature a 24-month interest-only term with one 12-month extension option. Steve Muth and Ed Williams of Berkadia arranged the financing through Berkadia’s Proprietary Lending Group on behalf of the West Coast-based borrower. Together, the two facilities total 116 beds and were 94 percent occupied at the time of financing. The existing operator will remain in place following the acquisition.
ALEXANDRIA, Va. and NORTH BETHESDA, Md. — Chiron Real Estate (NYSE: XRN) has entered into purchase agreements to acquire three senior living communities. Chiron is acquiring the properties from affiliates of Silverstone Senior Living for an aggregate price of $425 million. The acquisitions mark the REIT’s first entry into the seniors housing sector. “We believe this is an attractive time to enter the sector, given the favorable long-term demand outlook and limited new supply,” says Mark Decker, chief executive officer of Chiron. “Each of our acquisition communities are newly constructed and …
By Hayden Spiess DALLAS — As a subsector of the seniors housing industry — and commercial real estate more broadly — the active adult product type has impressive resident retention rates, according to Zach Crowe, managing director at The Carlyle Group. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Crowe has led the company’s efforts in the active adult space for roughly 13 years and reports that Carlyle has …
ORLANDO, Fla. — Wendover Housing Partners, in partnership with Hope Center West and the City of Orlando, is underway on the development of a new affordable seniors housing community near downtown Orlando. Upon completion, Legacy Place will total 100 units. DeAngelis Diamond is serving as the general contractor for the project. Goldman Sachs and Berkadia Commercial Mortgage have provided financing, and the project is backed by $610,000 from the City of Orlando. The city is also providing incentives through the Orlando Unlocked initiative, which is designed to accelerate the development of …
CLEVELAND, Ohio — BWE has arranged $77 million in fixed-rate agency financing for a senior living community located in the Midwest. Fannie Mae provided the 10-year loan, which features full-term interest-only payments. Located in a major metropolitan market, the property offers a full continuum of care, with independent living, assisted living and memory care units. Ryan Stoll and Taylor Mokris of Ohio-based BWE secured the financing on behalf of the undisclosed borrower.
FORT COLLINS, Colo. — Senior Living Investment Brokerage has arranged the sale of an eight-property seniors housing portfolio located in Colorado. SLIB brokered the sale on behalf of the Fort Collins-based seller, who also served as the portfolio’s operator. Totaling 540 units, the communities are located in Fort Collins, Loveland and Windsor. Vince Viverito, Jason Punzel and Jeff Binder of SLIB represented the seller. A Tennessee-based REIT acquired the properties for an undisclosed price. An Oregon-based operator will manage the portfolio on behalf of the new ownership. SLIB previously brokered the …
DES MOINES, Iowa — LCS has closed its merger agreement to acquire Vi. The acquisition, which was originally announced in September 2025, creates a combined company with a portfolio of roughly 130 communities managed across 29 states. “Today marks an incredible milestone as we officially move forward as one company, united by a shared purpose: to create exceptional senior living experiences at each of our communities,” says Chris Bird, CEO of LCS. “With regulatory approvals complete, we are excited to officially welcome Vi employees and residents.” LCS ranked as the third-largest seniors housing …
PEMBROKE PINES, Fla. — McDowell Housing Partners and Miami Jewish Health have completed the development of Douglas Gardens Senior Health and Living, a new affordable seniors housing community located in Pembroke Pines, roughly 25 miles northwest of Miami. Now open, the community totals 410 units reserved for residents age 55 and older earning 30, 60 and 100 percent of the area median income. Amenities at the community include a pond with walking paths, theater room, business center and multiple indoor and outdoor gathering spaces. Development costs for the project totaled $139 …
