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Seniors Housing

Benchmark-at-East-Brunswick
DevelopmentMultifamilyNew JerseyNortheastSeniors Housing

Partnership Underway on Seniors Housing Project in East Brunswick, New Jersey

by Taylor Williams

EAST BRUNSWICK, N.J. — A joint venture between National Development and an affiliate of Benchmark Senior Living is underway on construction of a new seniors housing project in East Brunswick, located in Central New Jersey. Benchmark at East Brunswick will total 87 units and 100 beds for assisted living and memory care residents. Amenities will include multiple dining venues, a theater, fitness center, salon and outdoor spaces. JLL arranged $35.1 million in construction financing for the project, which is expected to be complete in 2028.

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Latitude-Margaritaville-rendering
DevelopmentSeniors HousingTexasTop Stories

Texas City Commission Approves 1,318-Acre Latitude Margaritaville Development on Texas Gulf Coast

by Abby Cox

TEXAS CITY, TEXAS — The Texas City Commission has approved the development of Latitude Margaritaville, a 1,318-acre active adult master-planned community in Texas City, a coastal city along Galveston Bay and near the Gulf of Mexico.   The project, which will be led by Minto Communities USA and Margaritaville Holdings, will be situated about 40 miles southeast of Houston between Texas Highways 3 and 146, north of the Emmett F. Lowry Expressway and extending toward Moses Bayou. This project marks the first Latitude Margaritaville community in the state and the collaboration’s first development in Texas. Plans for Latitude Margaritaville Galveston Bay call for approximately 3,500 residences that include single-family, village and cottage-style homes for residents ages 55 and up. The homes will feature the Latitude Margaritaville brand’s casual, island-inspired aesthetics with open-concept floorplans, indoor-outdoor living spaces and abundant natural light. Signature amenities across the Latitude Margaritaville portfolio include a town square with a bandshell for live music and dancing; a Fins Up! Fitness Center; Latitude Bar & Chill restaurant; Workin’ N’ Playin’ Center; Last Mango Theater; Paradise Pool; Changes in Attitude poolside tiki bar; tennis, pickleball and bocce ball courts; and the Barkaritaville Dog Park and Pet Spa, in addition to …

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AcquisitionsConnecticutDelawareGeorgiaMassachusettsMultifamilyNew JerseyNortheastPennsylvaniaSeniors HousingSoutheastTop Stories

American Healthcare REIT Acquires Eight Seniors Housing Communities for $696M

by Matthew Auchincloss

IRVINE, CALIF. — American Healthcare REIT Inc. (NYSE: AHR) has acquired eight senior housing communities in six states for $696 million. The properties, which collectively comprise 867 units and were built between 2020 and 2022, are located in Massachusetts, Connecticut, New Jersey, Pennsylvania, Delaware and Georgia. Newmark acted as AHR’s real estate advisor for the transaction.  While there were multiple sellers, all eight properties were marketed together. AHR purchased 10 communities all together but assigned the purchase and sale agreements of two properties to another institutional investor.  “This series of transactions is an example of disciplined capital allocation supported by strong execution,” says Jeff Hanson, chairman and CEO of AHR. “We understood that only a solution for all 10 communities would clear the market. Rather than either walking away from a highly strategic opportunity or compromising our capital allocation discipline to secure it, we constructed a solution that required neither.” The purchase gives the Irvine-based company a larger presence in the Northeastern seniors housing market. The Northeast properties in the portfolio are located primarily in wealthy suburban markets such as Philadelphia’s Main Line, Westport, Conn., and suburban Boston.  AHR is strengthening this newfound foothold via a new operating relationship with Massachusetts-based LCB …

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AcquisitionsMidwestMultifamilyNebraskaSeniors Housing

Agemark Acquires, Rebrands Seniors Housing Community in Omaha

by Matthew Auchincloss

OMAHA, NEB. — Agemark Senior Living has acquired Esprit Whispering Ridge, an assisted living and memory care community located in Omaha.  Agemark has rebranded the property as The Bellflower at Whispering Ridge. Along with its undisclosed investment partner, Agemark plans to invest approximately $1.3 million in capital improvements at the community. Moving forward, The Bellflower will also offer independent living and “assisted living plus” units. This acquisition brings Agemark’s Omaha portfolio to five communities totaling more than 450 units. 

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The-Steven-Apts-Rocklin-CA
Affordable HousingCaliforniaLoansMultifamilySeniors HousingWestern

Merchants Capital Provides $193M in Financing for Two Affordable Housing Projects in Rocklin, California

by Amy Works

ROCKLIN, CALIF. — Merchants Capital has provided roughly $193 million in financing for The Frances and The Steven, a pair of affordable housing developments in Rocklin, about 20 miles north of Sacramento. Developed by USA Properties Fund, the communities will provide 504 new affordable apartments for seniors and families across a range of income levels. Financing for The Frances includes a $72.1 million private placement bond loan through AllianceBernstein and $76.1 million in construction period debt to bridge incoming tax credit equity and permanent bond financing provided by Merchants Bank. Financing for The Steven includes a $30.6 million private placement tax-exempt bond loan through AllianceBernstein and $15 million in construction period debt provided by Merchants Bank. The Frances will feature 324 one-, two- and three-bedroom apartments designated to residents earning 30 to 70 percent of the area median income (AMI) with fully equipped kitchens, central air conditioning and walk-in closets. Community amenities will include a pool, playground, fitness center, courtyard/picnic area, community room, dog park, computer room, service coordinator and an onsite manager. The Steven will add 180 one- and two-bedroom apartments for seniors aged 55 and up that earn between 30 and 70 percent of AMI. Nonprofit organization LifeSTEPS will …

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KansasLoansMidwestMultifamilySeniors Housing

Partnership Receives $66.9M Loan for Refinancing of Active Adult Community in Fairway, Kansas

by Kristin Harlow

FAIRWAY, KAN. — A partnership between EPC Real Estate Group and Platform Ventures has received a $66.9 million loan for the refinancing for The Fieldston, an active adult community located in Fairway, approximately 10 miles southwest of Kansas City. Completed in 2025, the property is situated on 4.6 acres and totals 209 units. Amenities at the community include a swimming pool, sun deck, pub, golf simulator, spa, coworking spaces, outdoor kitchen, outdoor lounge, putting green, exercise studio, yoga studio, pet parlor and community garden. Mark Erland, Kevin Baron and Ellie Savage of JLL arranged the financing on behalf of the borrower. The direct lender was not disclosed.

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DevelopmentFloridaSeniors HousingSoutheast

ANF Tops Out Luxury Seniors Housing Community in Delray Beach, Florida

by John Nelson

DELRAY BEACH, FLA. — Construction and development firm ANF Group Inc. has completed the topping out of All Seasons Delray, a luxury senior living community currently underway in South Florida’s Palm Beach County. Beztak is the developer. Located at 15650 Lyons Road in Delray Beach, the property will feature 153 units, with 92 independent living apartments and 61 assisted living residences. Amenities will include a swimming pool, landscaped courtyard, pub, theater, library, game room, fitness center, pottery and arts studios, multipurpose activity spaces and an onsite medical center. Completion of All Seasons Delray is scheduled for the first quarter of 2028. Construction on the community began in late 2025.

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Affordable HousingConnecticutDevelopmentMultifamilyNortheastSeniors Housing

TCB Breaks Ground on 45-Unit Affordable Seniors Housing Project in Enfield, Connecticut

by Taylor Williams

ENFIELD, CONN. — The Community Builders (TCB) has broken ground on Angela Gardens, a 45-unit affordable seniors housing project in Enfield, located north of Hartford. Angela Gardens is a redevelopment of a historic building. The project will add four studio apartments and 41 one-bedroom units, all of which will be reserved for renters age 62 and above, to the local supply via adaptive reuse of the existing building and ground-up construction of a three-story addition. A tentative completion date was not announced.

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DevelopmentFeaturesFloridaSeniors HousingSoutheastSoutheast Feature Archive

What’s Changing in Senior Living Sector, And What Does It Mean for Construction?

by John Nelson

Senior living has changed a lot in the past five or six years. The shift  was underway before the pandemic, but it has accelerated recently. Now, there is a clear move away from institutional designs toward communities that feel more like hotels, with a focus on wellness, flexibility and the resident experience. The way spaces are designed has changed as well. In the past, facilities had large, central common areas. Now, layouts focus on flexible use and smaller, spread-out gathering spaces. There is also more focus on connecting with the outdoors, so courtyards, walking paths and shaded seating are now standard. Industry research shows that spaces that support social engagement and health are important, which is guiding how buildings are now designed and built. We have seen these changes firsthand through our work across the senior living sector. ANF recently completed Wellspring Apartments in Miami, a complex that reflects the growing need for well-located, intentionally designed housing for older adults. We are also building All Seasons Delray Beach for Beztak, a luxury senior living community centered on hospitality, lifestyle and elevated amenities. In Pembroke Pines, we are completing the final phase of Douglas Gardens for McDowell Housing Partners and Miami …

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Hub-College-Station
DevelopmentMultifamilySeniors HousingTexas

Core Spaces Breaks Ground on 2,201-Bed Student Housing Project Near Texas A&M University

by Taylor Williams

COLLEGE STATION, TEXAS — Core Spaces has broken ground on Hub College Station, a 2,201-bed student housing project near the Texas A&M University campus in College Station’s Northgate District. The project will include two seven-story buildings that will house 570 units in various configurations upon completion, which is planned ahead of the 2028-2029 academic year. Shared amenities are set to include a rooftop pool and hot tub; 14,000-square-foot wellness center with indoor and outdoor training tracks, an indoor half-court basketball court, yoga studios, putt-putt course, golf simulator and dedicated spa; study lounges with private study spaces and collaboration rooms; and indoor and outdoor social spaces. The development team for the project includes Treehouse Construction and Antunovich Associates. Pacific Life provided construction financing.

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