Pennsylvania

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AcquisitionsIllinoisNew JerseyNewsPennsylvania

Capitol Seniors Housing Sells Four-Property Portfolio to Welltower

by Hayden Spiess

WASHINGTON, D.C. — Capitol Seniors Housing (CSH) has completed the sale of a four-property seniors housing portfolio located in New Jersey, Pennsylvania and metro Chicago. Welltower acquired the communities for an undisclosed price.  Two of the properties are situated in the Chicago metropolitan area, with one community located in Exton, Pennsylvania, and another community located in Marlton, New Jersey.  According to CSH, the company has now surpassed $1 billion in sales of senior living communities developed by the firm. CSH was founded in 2003 by former Sunrise Senior Living executives Scott …

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AcquisitionsFinanceNewsPennsylvania

Berkadia Brokers Sale of 78-Unit Assisted Living, Memory Care Community in Metro Philadelphia

by Hayden Spiess

PAOLI, Pa. — Berkadia has brokered the sale of Daylesford Crossing, a 78-unit assisted living and memory care community located 25 miles west of Philadelphia in the suburb of Paoli. Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia Seniors Housing & Healthcare negotiated the transaction on behalf of the seller, Boston-based investment firm AEW Capital Management. Berkadia also originated an $18 million bridge loan on behalf of the buyer, a joint venture between an Atlanta-based entity that will serve as the general partner and an institutional limited partner. …

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AcquisitionsIllinoisNewsPennsylvania

Joint Venture Sells 344-Unit Portfolio in Metro Chicago, Philadelphia 

by Hayden Spiess

CHICAGO and PHILADELPHIA — A joint venture between Bain Capital and Capitol Senior Housing has sold a 344-unit senior living portfolio located in the Chicago and Philadelphia metros.  The portfolio comprises two properties near Philadelphia and two properties located in the North Shore suburbs near Chicago.  Jay Wagner, Rick Swartz, Aaron Rosenzweig and Jim Dooley of JLL Capital Markets represented the seller in the transaction. The buyer was not disclosed. 

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Assisted LivingDevelopmentIndependent LivingMemory CareNewsPennsylvania

Charter Breaks Ground on 162-Unit Development in West Chester, Pennsylvania

by Hayden Spiess

WEST CHESTER, Pa. — Charter Senior Living and Paradise Management have broken ground on a new senior living development in West Chester, roughly 30 miles west of Philadelphia.  Upon completion, the community, Charter Senior Living of West Chester, will total 162 units, with independent living, assisted living and memory care residences. Completion of the project, which was first announced in January of this year, is scheduled for late 2027. 

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AcquisitionsCCRCNewsPennsylvania

SLIB Arranges $50.8M Sale of CCRC Portfolio in Pennsylvania

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the $50.8 million sale of a portfolio of six continuing care retirement communities (CCRCs) located throughout southern central Pennsylvania. SpiriTrust Lutheran was the seller.  Built between 1959 and 2007, the portfolio comprises 553 independent living units, 261 personal care units and 244 skilled nursing b3eds. Concordia Lutheran Services acquires the properties, which were 81.9 percent occupied as of summer 2025.   Toby Siefert and Dave Balow of Illinois-based SLIB facilitated the transaction. 

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Affordable HousingArizonaFinanceNewsPennsylvania

Cambridge Provides $49.7M HUD-Insured Financing for Affordable Communities in Arizona, Pennsylvania

by Hayden Spiess

CHICAGO — Cambridge Realty Capital has provided $49.7 million in HUD-insured first mortgage financing for a portfolio of five affordable seniors housing communities located in Arizona and Pennsylvania.  Totaling 150 units, the Arizona property is located in Tucson. The Pennsylvania properties together comprise 321 units and are located in Danville, Clarks Summit and Hanover Township.  According to Zach Scardina of Chicago-based Cambridge Realty Capital, the loans feature a fixed-rate, 35-year fully amortizing term. Funds from the loans will be used to retire existing debt, recapture equity and implement modernizations at the …

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Company NewsNewsPennsylvania

ACTS Retirement Communities Names Karen Christiansen CEO

by Hayden Spiess

FORT WASHINGTON, Pa. — ACTS Retirement Communities (Acts) has named Karen Christiansen as the nonprofit’s next CEO. Christiansen, who currently serves as Acts’ president, will assume the position in January 2027.  Gerald Grant, current CEO of the organization, announced his intention to retire earlier this year.  Christiansen joined Acts in 1996. Her previous roles with the company include executive vice president and chief financial officer. She was named president in 2020 and was elected to the board of directors in 2023.  Acts currently serves more than 11,000 senior living residents across …

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AcquisitionsAssisted LivingMemory CareNewsPennsylvania

Cushman & Wakefield Brokers Sale of 108-Unit Assisted Living, Memory Care Community in Philadelphia

by Hayden Spiess

PHILADLEPHIA — Cushman & Wakefield has brokered the sale of The Terrace at Chestnut Hill, a 108-unit assisted living and memory care community located in northwest Philadelphia.  MVJ Ventures acquired the property from an undisclosed seller. Brett Gardner, Joshua Jandris and Jason Skalko of Cushman & Wakefield represented the seller in the transaction. Jason Stroiman and Brendan DeSilva of Evans Senior Investments represented the buyer.  Originally built in 1987, The Terrace at Chestnut Hill was renovated in 2012. Viva Senior Living will operate the community, which was 85 percent occupied at …

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Berkadia Arranges $114.4M Refinancing for Assisted Living Portfolio in Ohio, Pennsylvania

by Hayden Spiess

NEW YORK CITY — Berkadia has arranged $114.4 million in refinancing for an assisted living portfolio located in Ohio and Pennsylvania. A joint venture between New Perspective Senior Living and an undisclosed seniors housing owner was the borrower.  Totaling 580 units, the portfolio is located in metro Cleveland and western Pennsylvania. As of January 2025, occupancy throughout the portfolio was 86 percent. The joint venture acquired the portfolio in 2022.  Bloomfield Capital Partners provided the financing, which includes a two-year, interest-only bridge loan. Steve Muth, Garrett Sacco, Austin Sacco and Alec …

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FinanceNewsPennsylvaniaSkilled Nursing

MonticelloAM Provides $80M Financing for Skilled Nursing Portfolio in Pennsylvania

by Hayden Spiess

NEW YORK CITY — MonticelloAM, a New York City-based seniors housing and multifamily bridge lending platform, has, with firm affiliates, provided $80 million in financing for a skilled nursing portfolio in Pennsylvania.  The portfolio includes four facilities totaling more than 520 licensed beds.  In addition to a $75 million bridge loan, the financing includes a $5 million working capital line of credit. Loan proceeds will be used by the borrower to acquire the facilities, fund the interest reserve and complete renovations at the properties. The financing features a 36-month initial term …

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