RALEIGH, N.C. — Singh Development has completed and opened Waltonwood Lead Mine, a new luxury seniors housing community located in Raleigh. Architecture and design firm Cline designed the property, which features assisted living and memory care residences. The community has the capacity for up to 100 residents and will be operated under Singh’s Waltonwood Senior Living brand. The project team also included Choate Construction, Lighthouse Engineering and structural engineer Hauser and Creech.
INDIAN LAND, S.C. and MATTHEWS, N.C. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a two-property portfolio situated in the Charlotte metro. The portfolio includes Ambriant at Avondale in Indian Land, South Carolina, and Ambriant at Austin Village in Matthews, North Carolina. Ambriant at Avondale comprises 122 independent living units. Ambriant at Austin Village totals 80 independent living units, with one main building and seven duplex cottages. Both communities were developed in 2021. Bradley Clousing and Daniel Geraghty of SLIB brokered the transaction on behalf of the seller, …
ANDERSON, S.C. and PINEHURST, N.C. — Charter Senior Living has assumed management of two communities owned by Ventas (NYSE: VTR). The communities include The Legacy of Anderson in Anderson, South Carolina, and Fox Hollow Senior Living in Pinehurst, North Carolina. Fox Hollow Senior Living comprises 74 assisted living and memory care units. The Legacy of. Anderson totals 101 units of independent living. “Expanding our relationship with Ventas to welcome these communities into the Charter family reflects our shared, unwavering focus on operational excellence and the resident experience,” says Keven Bennema, co-founder …
RALEIGH, N.C. — NIC MAP, the data platform of the National Investment Center for Seniors Housing & Care, has released its list of the top markets for seniors housing transactions of 2025. The list is based on data from the first three quarters of this year. According to NIC MAO, the top ten metros for seniors housing investments included, in order, New York City; Phoenix; Miami; Dallas; Minneapolis; Seattle; Milwaukee; Houston; Nashville, Tennessee; and Boston. The New York City metro saw $766 million in transaction volume, with 13 properties sold. Phoenix and …
NEW YORK CITY — MonticelloAM has provided $48.1 million in bridge and working capital financing for a skilled nursing portfolio located in North Carolina. The borrower was not disclosed. The portfolio totals more than 300 beds across three facilities. In addition to a $45.6 million bridge loan, the financing includes a $2.5 million working capital line of credit. “We focus on giving operators the resources they need to deliver strong care,” says Kim Gordon of New York City-based MonticelloAM. “With the $2 million working capital line of credit, we demonstrate our …
MORRISVILLE and CHAPEL HILL, N.C. — Principal Asset Management has acquired two active adult communities totaling 373 units in the Raleigh-Durham region of North Carolina. The properties include Overture Cary, located in Morrisville, and Overture Chapel Hill, situated near the University of North Carolina at Chapel Hill. The communities were developed in 2021 and 2020, respectively, and stand at five stories. The seller and sales price were not released.
WAKE COUNTRY, N.C. — Senior Living Investment Brokerage (SLIB) has brokered the sale of a portfolio located in Wake County. A regional owner sold the portfolio, which totals 75 beds. At the time of sale, the seller was eliminating assisted living options at the properties, skilled nursing facilities. A national operator acquired the portfolio for an undisclosed price. Patrick Burke, Toby Siefert and Jason Punzel of SLIB represented the seller in the transaction.
Greensboro, N.C. — Berkadia has arranged a $71.3 million loan for the refinancing of Abbotswood at Irving Park, a senior living community located in Greensboro. KISCO Senior Living was the borrower. Austin Sacco, Steve Muth, Garrett Sacco and Alec Rosenfeld of Berkadia Seniors Housing & Healthcare secured the financing through Freddie Mac. Located at 3504 Flint St., Abbotswood at Irving Park offers cottages and independent living and assisted living units, as well as memory care suites.
SPARTANBURG, S.C. — Blueprint Healthcare Real Estate Advisors has arranged the entity-level sale of White Oak Management, an operator with a portfolio of 15 skilled nursing facilities totaling more than 2,000 beds in North Carolina and South Carolina. Led by the Cecil Family, Spartanburg-based White Oak was originally founded in 1964 and has since expanded across the Carolinas. In addition to its 15 facilities, White Oak also owned and operated an ancillary pharmacy company dedicated to servicing the portfolio. The facilities enjoyed a demonstrated track record of strong profitability, with …
RALEIGH, N.C. — PruittHealth has broken ground on its $385.5 million redevelopment project at The Oaks at Whitaker Glen, a continuing care retirement community in Raleigh. The project will combine upscale senior living, public-facing retail stores and healthcare on one campus. Upon completion, the community will feature 246 independent living units, ranging from studio size to three bedrooms; 82 assisted living apartments; and a new, 106-bed, state-of-the-art skilled nursing center. The campus spans 20 acres. The Oaks at Whitaker Glen is accepting preconstruction reservations now. A construction timeline was not …
