Saturday, March 28, 2026
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Seniors Housing

CaliforniaDevelopmentMultifamilySeniors HousingWestern

CCI to Develop Livelle Mulholland Seniors Housing Property in Woodland Hills, California

by Amy Works

WOODLAND HILLS, CALIF. — CCI is slated to break ground in second-quarter 2026 for the development of Livelle Mulholland, a seniors housing property in Woodland Hills. Located at the corner of Mulholland Drive and Valmar Road, Livelle Mulholland will feature more than 200 independent living apartments, seven villas, 16 assisted living apartments and 13 memory care units. Community amenities will include a wellness center with fitness and therapy pools, natural trails and outdoor game courts, underground and attached garage parking, a gourmet restaurant, wine bar/rooftop lounge, indoor and outdoor theaters and classrooms. LCS will manage the property, which is slated to open in the second half of 2028. Project partners include Perkins Eastman as architect, KPFF as engineer, Envicom as environmental and land planner, LRM as landscape architect, Carlberg Associates as horticulturist and Brenner Consulting Group as permit administrator.

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AcquisitionsCaliforniaMultifamilySeniors HousingWestern

SLIB Brokers Sale of 132-Unit Seniors Housing Community in Brentwood, California

by Amy Works

BRENTWOOD, CALIF. — Senior Living Investment Brokerage (SLIB) has brokered the sale of Westmont of Brentwood, a 132-unit community in Northern California. Built in 2007 and situated on 4.5 acres approximately 45 miles east of Oakland, Calif., the property offers independent living, assisted living and memory care services. The sales price was not disclosed. The buyer, an unnamed private equity group with a background in seniors housing, is partnering with an established West Coast operator that is expanding its presence in California. With the sale of Westmont of Brentwood, the unnamed seller has exited the space. Brad Goodsell, Jason Punzel, Vince Viverito, Jake Anderson and Taylor Graham of SLIB handled the transaction. 

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AcquisitionsMultifamilyNorth CarolinaSeniors HousingSoutheast

Principal Asset Management Acquires Two Active Adult Communities in Raleigh-Durham Totaling 373 Units

by John Nelson

MORRISVILLE AND CHAPEL HILL, N.C. — Principal Asset Management has acquired two active adult communities in the Raleigh-Durham region totaling 373 units. The properties include Overture Cary, located at 1055 Hatches Pond Lane in Morrisville, and Overture Chapel Hill, situated near the Highway 54 and I-40 interchange and 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.

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AcquisitionsFloridaSeniors HousingSoutheast

Fortress Investment Group Sells Two Florida Seniors Housing Communities Totaling 178 Units

by John Nelson

BOCA RATON AND VERO BEACH, FLA. — Funds managed by affiliates of Fortress Investment Group have sold two seniors housing communities located in Florida. Totaling 178 units, the communities include Sonata Boca Raton and Sonata Vero Beach. JLL Capital Markets brokered the sale on behalf of the seller. Agewell Solvere Living will remain in place as the operator at both communities. The buyer and sales price were not disclosed.

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Connery on Providence
LoansNorth CarolinaSeniors HousingSoutheast

JLL Arranges Refinancing for 200-Unit Active Adult Community in Charlotte, North Carolina

by Abby Cox

CHARLOTTE, N.C. — JLL Capital Markets has arranged refinancing for Connery on Providence, a newly constructed, 200-unit active adult community located in Charlotte. Travis Anderson, Brad Woolard, Ryan Mueller and Timothy Hosmer of JLL represented the borrower, Proffitt Dixon Partners, in securing the loan through New York Life Insurance Co. The loan size was not disclosed. Completed in 2023 on nearly 13 acres, Connery on Providence features one- and two-bedroom residences across four three-story buildings. Amenities at the property include a saltwater pool, wellness and fitness center, pickleball courts, spa facilities and concierge services. The community also offers a movie lounge, an overnight guest suite, a demonstration kitchen and dog spa.

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Inspira-Arrowhead-Glendale-AZ
AcquisitionsArizonaMultifamilySeniors HousingWestern

JLL Negotiates Sale of 165-Unit Inspira Arrowhead Seniors Housing Community in Glendale, Arizona

by Amy Works

GLENDALE, ARIZ. — JLL Capital Markets has arranged the sale of Inspira Arrowhead, a seniors housing property in Glendale. A fund managed by affiliates of Fortress Investment Group sold the asset to a confidential buyer for an undisclosed price. JLL’s Senior Housing Capital Markets team represented the seller and procured the buyer in the deal. The firm also arranged nonrecourse acquisition financing for the buyer through a regional bank. Cogir Senior Living has been retained by the buyer to continue operations at the property. Situated on 14.2 acres at 20240 N. 78th Ave., Inspira Arrowhead features 165 independent living, assisted living and memory care units. Onsite amenities include various dining options, a theater, fitness center, pool, salon, barbershop, dog park, social outings and bocce ball.

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Clarendale-Arcadia-Phoenix-AZ
ArizonaLoansMultifamilySeniors HousingWestern

BWE Arranges Refinancing for 248-Unit Seniors Housing Community in Phoenix

by Amy Works

PHOENIX — A joint venture between Harrison Street Asset Management, LCS and Ryan Cos. US Inc. has received refinancing for Clarendale Arcadia, a senior living community located in the Arcadia neighborhood of Phoenix. Ryan Stoll and Taylor Mokris of BWE arranged the financing — which features full-term interest-only payments, an initial 36-month term and two one-year extension options — on behalf of the joint venture.  Completed in 2023, Clarendale Arcadia totals 248 residences, with 240 independent living units, 68 assisted living units and 40 memory care units. Amenities at the property include a bistro, fitness center, heated swimming pool, jacuzzi spa, putting greens, a movie theater, salon and spa, landscaped outdoor spaces and a full-service bar.

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Renaissance Village totals 142 assisted living and memory care units in Murietta, California.
AcquisitionsCaliforniaMultifamilySeniors HousingWestern

SLIB Brokers Sale of 142-Unit Assisted Living, Memory Care Community in Southern California

by Amy Works

MURIETTA, CALIF. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Renaissance Village Murietta, an assisted living and memory care community located in Murietta. Built in 2016 and 2018, the property totals 142 units. Renaissance Village Murietta was the only seniors housing asset owned by the undisclosed seller, which is exiting the sector. A REIT was the buyer. Brad Goodsell, Jason Punzel and Vince Viverito of SLIB brokered the transaction. 

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AcquisitionsMidwestMissouriMultifamilySeniors Housing

Tutera Expands Portfolio with 26 New Senior Living Communities Largely in Midwest

by Kristin Harlow

KANSAS CITY, MO. — Tutera Senior Living & Health Care has added 26 senior living communities to its portfolio through a transaction with AlerisLife and an ongoing partnership with Diversified Healthcare Trust. The expansion, which includes eight owned acquisitions and 18 new management agreements, strengthens Tutera’s Midwest presence. With this addition, Kansas City-based Tutera will operate 108 communities across 11 states, with 66 dedicated senior living communities totaling 5,422 units. The company’s overall portfolio now encompasses 9,755 units, with a mix of 56 percent senior living and 44 percent skilled nursing. The expansion broadens Tutera’s footprint into Tennessee, adding to its presence in Alabama, Illinois, Indiana, Iowa, Kansas, Louisiana, Missouri, Nebraska, Oklahoma and South Carolina. The phased acquisition and transition of the 26 communities is expected to be completed by the end of the year. Some properties will transition to new names under Tutera.

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FeaturesMultifamilySeniors Housing

Middle Market Solutions Emerge for Senior Living Owners

by Kristin Harlow

When Stealers Wheel lamented being “stuck in the middle with you” in their 1972 song of the same name, they were assuredly not intending to sing from the perspective of a senior searching for a place of residence. Nevertheless, the lyric could today very aptly be applied to the predicament that many potential seniors housing residents face.  According to the National Investment Center for Seniors Housing & Care (NIC), the number of middle-income seniors in the United States is projected to almost double by 2029, totaling roughly 14 million seniors. NIC also purports that more than half of these individuals will not have the financial means to pay for seniors housing out of pocket. NIC defines middle-income seniors as those with $25,001 to $74,298 in annual income and assets in its executive summary on the topic of the “forgotten middle,” which was published in 2019.   At the same time, many of these same seniors do not qualify for residence in affordable housing units. “These are older adults — lots of older adults — who don’t qualify for affordable housing but also can’t afford the cost of many private-pay options,” explains John Cochrane, president and CEO of HumanGood, a nonprofit …

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