NICEVILLE, FLA. — Berkadia has brokered the sale of American House Bluewater Bay, a 94-unit independent living community located in Niceville, roughly 10 miles northeast of Destin, Fla. Built in 2015, the community was more than 95 percent occupied at the time of sale. Michigan-based real estate development and investment company REDICO sold the property. American House, the senior living operator affiliate of REDICO, will continue to operate the community on behalf of the new ownership.
DALLAS — Unbridled Living has acquired The Reserve at North Dallas, a 273-unit seniors housing community in Dallas. Built in 2000, the property features 247 independent living apartments and 26 assisted living units. Amenities include a bistro, game room, wellness center, hair salon, library, media room, resident lounge and a putting green. Jay Wagner, Rick Swartz, Aaron Rosenzweig, Jim Dooley and Dan Baker of JLL represented the undisclosed seller in the transaction. Allison Holland, also with JLL, arranged acquisition financing through Arrowmark Partners on behalf of Unbridled Living. The loan carries a three-year term with two 12-month extension options.
DENTON, TEXAS — Helios Healthcare Advisors has brokered the sale of a restored assisted living facility in Denton. Fairhaven Denton Assisted Living was originally developed in the mid-1950s and closed in 2007. In 2019, Austin-based developer Investcor acquired Fairhaven and executed an $8 million renovation of the property, which is now featured on the National Register of Historic Places. Fairhaven reopened in fall 2020 and is now operated by Enriched Senior Living. Helios represented Investcor in the transaction. The buyer was a California-based owner-operator. Fairhaven Denton more than 95 percent occupied at the time of sale.
NEW YORK CITY — Vertical Community Development (VCD) will develop a 180-unit affordable seniors housing project at1810 Randall Ave. in The Bronx. Designed by Aufgang Architects, the eight-story building will offer 157 studios, 22 one-bedroom units and a single two-bedroom unit. Information on age and rent restrictions was not disclosed. Amenities will include a fitness center, indoor and outdoor recreational spaces and social support services, and the building will also house church facilities on its ground floor. Construction is scheduled to begin next year and to be complete sometime in 2027.
BURLESON, Texas — Sagora Senior Living has purchased Wilshire Senior Living, a 100-unit community located in Burleson, approximately 15 miles south of Fort Worth. Situated on 25 acres, the property features four-story buildings with independent living apartments, as well as cottages with attached garages. The community, which opened in 2021, also features assisted living and memory care units. Amenities include a theater room, billiards area and a full-service salon. The seller and sales price were not disclosed.
PELICAN RAPIDS, MINN. — Pelican Valley Senior Living has begun an $8.4 million modernization project that will update the care center and resident rooms, enhance amenities and reimagine community spaces at its senior living property in Pelican Rapids within western Minnesota. Minnesota’s Nursing Home Moratorium Exceptions process approved the project to provide state funding for safety and care-quality upgrades. The Minnesota Department of Health greenlighted the project for an overdue overhaul of the facility’s aging spaces. Wold Architects & Engineers is leading the design. Phase I of the project will renovate part of the former hospital wing to serve as temporary resident housing during construction. Phase II will rebuild 14 resident rooms and expand community areas, including dining, therapy, chapel and social spaces. The project is a collaborative effort between multiple construction and engineering partners. Completion is slated for early to mid-2027.
FORT COLLINS AND WINDSOR, COLO. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a skilled nursing and assisted living portfolio in Colorado. Located in Fort Collins and Windsor, the portfolio totals 445 beds and 269,105 square feet across the buildings. A Chicago-based REIT acquired the portfolio from the local seller. A Utah-based operator will manage the properties on behalf of the new ownership. Vince Viverito, Jason Punzel, Ryan Saul and Jeff Binder of SLIB brokered the transaction on behalf of the seller.
FILLMORE AND SAN BERNADINO, CALIF. — Helios Healthcare Advisors has arranged the refinancing of a two-property portfolio in California. EVA Care Group was the borrower. The portfolio totals 165 beds across a skilled nursing facility in San Bernardino and an assisted living community in Fillmore. According to Helios, both properties were previously mortgage free, allowing for greater liquidity. Helios secured funding through a private credit fund. The financing was structured to strengthen working capital throughout the borrower’s broader portfolio.
OCEAN SPRINGS, MISS. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing community located in Ocean Springs along the Mississippi Gulf Coast. Totaling 140 units, the property features 18 independent living apartments, 60 assisted living residences and 62 memory care units. According to SLIB, the community was stabilized at the time of sale. The seller, the partnership that developed the asset, is exiting the seniors housing sector. A Southeast-based owner and operator with an existing presence in the state acquired the community for an undisclosed price. Daniel Geraghty and Bradley Clousing of SLIB brokered the transaction on behalf of the seller.
SEATTLE — Nonprofit organization Horizon House has secured bond financing for a development project at its senior living campus in the First Hill neighborhood of Seattle. Ziegler arranged the financing, completing the successful pricing of Horizon House’s $600 million Series 2025AB bonds through the Washington State Housing Finance Commission. The bonds are scheduled to close in December. The existing senior living campus currently features 377 independent living apartments and 90 assisted living and memory care residences. The bonds will be used to fund a new, 33-story tower at the property, dubbed the West Tower. Upon completion, the project will add 202 independent living apartments, replacing a West Wing built in the 1980s. Apartment sizes within the West Tower will range from 861 to 2,206 square feet, with one- and two-bedroom layouts. Amenities at the building will include underground parking, resident gardens, a garden lounge, event spaces and a rooftop dining and lounge space. The bonds include short-term, fixed-rate Series B bonds to be repaid at roughly 80 percent occupancy and long-term, fixed-rate Series A bonds amortizing over 36 years through Jan. 1, 2061. “This financing package will directly support resident well-being, staff excellence and our mission to serve both middle-market and …
