Seniors Housing

Arka Properties, Black Equities Sell Affordable Seniors Housing Community in San Diego for $47M

by Amy Works February 17, 2026

SAN DIEGO — Arka Properties and Black Equities have completed the disposition of Lakeshore Villa Apartments, an affordable seniors housing property in San Diego’s San Carlos nieghborhood, to an undisclosed buyer for $47 million. Otto Ozen, Shawn Bolour and Jordan Pakzad of The Mogharebi Group represented the seller in the deal. Located at 6888 Golfcrest Drive, Lakeshore Villa features two three-story buildings offering 126 one-bedroom/one-bath floor plans with an average unit size of 520 square feet. Lakeshore Villa Apartments benefits from a 100 percent Senior HUD HAP Contract, ensuring stable income and long-term occupancy. The buyer plans to invest capital into the property and has committed to extending the affordability of the asset.

February 17, 2026

Acquisitions Illinois Midwest Multifamily Seniors Housing

SVN Chicago Commercial Arranges Sale of 105-Unit Seniors Housing Community in Bolingbrook, Illinois

by Kristin Harlow February 17, 2026

BOLINGBROOK, ILL. — SVN Chicago Commercial has arranged the sale of McKenzie Falls, a 105-unit seniors housing community located at 265 Lakeshore Drive in Bolingbrook. Reid Bennett and Dan Short of SVN Chicago served as the sole advisors on the transaction. The asset sold for $6.7 million. Buyer and seller information was not provided.

February 17, 2026

Development Midwest Multifamily Ohio Seniors Housing

Evergreen Real Estate Group Breaks Ground on 120-Unit Affordable Assisted Living Community in Ohio

by Kristin Harlow February 13, 2026

HOLLAND, OHIO — Evergreen Real Estate Group has broken ground on Green Oaks of Holland, a four-story, 120-unit affordable assisted living community in Holland near Toledo. Site work is underway, with completion and opening anticipated in March 2027. Located at 6650 N. Mall Drive, Green Oaks of Holland will feature 67 studio and 53 one-bedroom apartments. Assisted living provider Gardant Management Solutions will manage the property, which will be licensed as a residential care facility by the Ohio Department of Health (ODH) and approved as a Medicaid-assisted living service provider through the Ohio Department of Aging (ODA). The project is one of the first purpose-built affordable assisted living developments to break ground in Ohio, according to Evergreen, and is being completed in partnership with Ohio Housing Finance Agency (OHFA), Ohio Department of Medicaid, ODA and ODH. Each unit will offer a kitchenette with a sink, refrigerator and microwave, with the flexibility to be upgraded to a full kitchen if needed. Units will also include a full private bathroom with a shower and grab bars, living and/or bedroom space, individual heating and air conditioning and an emergency alert system. Amenities will include a large dining room with a commercial kitchen providing …

February 13, 2026

Affordable Housing Development Life Sciences Multifamily New York Northeast Seniors Housing

Partnership Unveils Plans for 600-Unit Affordable Housing Project in Upper Manhattan

by Taylor Williams February 12, 2026

NEW YORK CITY — A partnership between Slate Property Group, Xenolith Partners, nonprofit organization Comunilife Inc. and the New York City Department of Housing Preservation and Development (HPD) has unveiled plans for a 600-unit affordable housing project in the Inwood area of Upper Manhattan. Designed by Magnusson Architecture and Planning PC and known as La Ostra, the development will also include a marine science and STEM education center that will be operated by the Billion Oyster Project and BioBus. La Ostra will also feature a new indoor–outdoor field house, social services facilities and roughly an acre of publicly accessible, open waterfront space along the Harlem River. Proposed facilities beyond the residential component include an outdoor classroom, a pavilion with a seating area and movable furniture, a central lawn and a stone amphitheater. Information on floor plans and income restrictions of the affordable housing units was not announced.

February 12, 2026

Acquisitions California Multifamily Seniors Housing Western

Broadview Real Estate Partners Sells 100-Unit Seniors Housing Community in North Tustin, California

by Amy Works February 9, 2026

NORTH TUSTIN, CALIF. — Broadview Real Estate Partners has completed the sale of Clearwater at North Tustin, a seniors housing property in North Tustin, to Health Wave Partners for an undisclosed price. Aaron Rosenzweig and Dan Baker of JLL’s Seniors Housing Capital Markets team represented the seller and procured the buyer in the transaction. JLL’s Debt Advisory team arranged acquisition financing on behalf of the buyer through a large national bank. Built in 2001, Clearwater at North Tustin consists of two acuity-specific, single-story buildings offering assisted living and memory care. Onsite amenities include restaurant-style dining, an outdoor amphitheater, music garden, salon and spa, an art studio, a wellness center, dog park and four distinct resident courtyards. The community is situated on 6.6 acres at 11901 Newport Ave.

February 9, 2026

Development Multifamily Seniors Housing Texas

Brazos to Develop 21-Story Seniors Housing Building in Uptown Houston

by Taylor Williams February 6, 2026

HOUSTON — Brazos Presbyterian Homes Holding Inc., a nonprofit owner-operator, will develop a 21-story seniors housing building in the Uptown area of Houston. Known as Uptown Oaks at The Hallmark, the project represents an expansion of The Hallmark, a senior living community that first opened in 1972. The new building will feature 120 independent living units that will range in size from 1,250 to 3,000 square feet. Amenities will include a wellness center with a yoga studio and massage area, dining venues, an art and hobby studio, café, movie theater and a pool. PRDG Architecture designed the building. Construction is expected to begin in 2027, with occupancy starting in 2030.

February 6, 2026

Acquisitions Colorado Multifamily Seniors Housing Western

MGL Partners Sells Carillon at Belleview Station Seniors Housing Property in Denver for $96M

by Amy Works February 6, 2026

DENVER — MGL Partners has completed the sale of Carillon at Belleview Station, a seniors housing community in Denver. An institutional buyer acquired the property for $96 million as part of a multi-asset seniors housing portfolio. Located at 4855 S. Niagara St., Carillon at Belleview Station features 156 independent living, assisted living and memory care residences. Community amenities include a commercial kitchen and restaurant-style dining, a bistro, spa and wellness spaces and common areas designed to support comfort, connection and aging in place. The buyer purchased Carillon at Belleview Station alongside four other seniors housing properties across the country as part of a single portfolio transaction.

February 6, 2026

Acquisitions Arizona Multifamily Seniors Housing Western

PGIM Sells Two-Property Seniors Housing Portfolio in Metro Phoenix

by Amy Works February 3, 2026

GILBERT AND MESA, ARIZ. — PGIM has arranged the sale of a two-property seniors housing portfolio in metro Phoenix. The portfolio includes The Watermark at Morrison Ranch in Gilbert and Acoya Mesa, which is jointly owned by the original developer Ryan Cos. US, in Mesa. JLL Capital Markets represented the seller in the deal. Additionally, JLL worked on behalf of the undisclosed buyer to secure a 10-year acquisition loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, a Freddie Mac Optigo Lender for seniors housing loans. Built in 2019, The Watermark at Morrison Ranch features a two-story building with 115 units of assisted living and memory care units. The property offers Class A amenities including three distinctive dining venues, a fitness center, technology center, library and full-service salon. The asset is situated on 4.6 acres at 3333 E. Morrison Ranch Parkway. Developed and built by Ryan Cos. in 2019, Acoya Mesa consists of a three-story building offering 51 units of independent living, 91 units of assisted living and 28 units of memory care. Common areas feature a café/bistro/pub, restaurant-style dining, a movie theater, salon, game room, activities room and library. Acoya Mesa is situated on 7.9 …

February 3, 2026

Development Illinois Loans Midwest Multifamily Seniors Housing

Cambridge Realty Capital Provides $6.5M Construction Loan for Memory Care Addition in Pontiac, Illinois

by Kristin Harlow February 2, 2026

PONTIAC, ILL. — Cambridge Realty Capital has provided a $6.5 million HUD Section 241(a) loan to finance the new construction of a 20-bed memory care addition to The Pointe at Pontiac, an existing 60-bed supportive living facility in Pontiac. Supportive living is the Illinois version of Medicaid Waiver Assisted Living, whereby the state provides Medicaid funding to seniors 65 and older who would otherwise not have the financial resources necessary to reside in an assisted living facility. Loan proceeds will be used to fund the new construction addition and to complete improvements and repairs to the existing building. Zach Scardina of Cambridge originated the nonrecourse loan, which features a fixed interest rate and interest-only payments and converts upon construction completion to a fixed-rate, 35-year, fully amortizing permanent loan. The borrower was an Illinois-based limited liability company.

February 2, 2026

Loans Multifamily Seniors Housing Texas

Berkadia Provides $30M Agency Refinancing for Two Seniors Housing Communities in Texas

by Taylor Williams January 28, 2026

AUSTIN, TEXAS — Berkadia has provided $30 million in agency debt for the refinancing of two seniors housing communities in Texas. The unnamed facilities provide assisted living and memory care services, and the financing comprises two seven-year, floating-rate Freddie Mac loans. Garrett Sacco, Austin Sacco, Steve Muth and Alec Rosenfeld of Berkadia originated the loans on behalf of the borrower, Austin-based Journeyman Group.

January 28, 2026

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