Tuesday, July 15, 2025
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Seniors Housing

AcquisitionsMarylandSeniors HousingSoutheast

Berkadia Arranges Sale of 106-Unit Active Adult Community in Annapolis, Maryland

by John Nelson

ANNAPOLIS, MD. — Berkadia’s Seniors Housing & Healthcare team has brokered the sale of Gardens of Annapolis, a 106-unit active adult community. A joint venture between Corten Real Estate and Real Asset Industries purchased the property from Crow Holdings, a Texas-based real estate investment and development firm. Cody Tremper, Dave Fasano, Ross Sanders and Mike Garbers of Berkadia Seniors Housing & Healthcare represented Crow Holdings in the transaction. Berkadia also provided $17.4 million in Fannie Mae acquisition financing on behalf of the buyer. The seven-year, fixed-rate acquisition loan features both an attractive interest rate and interest-only period, according to Berkadia. Austin Sacco, Steve Muth and Alec Rosenfeld of Berkadia originated the acquisition financing. Built in 2002, Gardens of Annapolis is located near historic downtown Annapolis and the U.S. Naval Academy. The property features a mix of 42 one-bedroom, one-bathroom units; 23 two-bedroom, one-bathroom units; and 41 two-bedroom, two-bathroom units.

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21507-Hawthorne-Blvd-Torrance-CA
CaliforniaDevelopmentMultifamilySeniors HousingWestern

Ryan Cos., Cogir Open 158-Unit Seniors Housing Community in Torrance, California

by Amy Works

TORRANCE, CALIF. — Ryan Cos. and Cogir Senior Living have open Cogir of South Bay, a seniors housing property located at 21507 Hawthorne Blvd. in Torrance. Situated two miles from the beach, the four-story community offers 158 independent living and assisted living residences. Onsite amenities include multiple dining venues, a bistro, fitness center, theater, salon, art room and an outdoor amenity deck with a pool. Ryan Cos. served as builder for the project.

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AcquisitionsLouisianaSeniors HousingSoutheast

Blueprint Negotiates Sale of Central Louisiana Seniors Housing Property

by John Nelson

ALEXANDRIA, LA. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Regency House Alexandria, an assisted living and skilled nursing community in Alexandria, a city in Central Louisiana that lies on the south bank of the Red River. The seller was a local owner-operator. The buyer, a national owner-operator with an existing presence in Louisiana and experience with HUD’s transfer of physical assets (TPA) process, which involves the assumption of a HUD-insured loan, purchased the asset for an undisclosed price. Regency House Alexandria consists of 10 assisted living beds and 60 skilled nursing beds and only accepts Medicare and private pay as sources of payment.

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LoansMultifamilyNew YorkNortheastSeniors Housing

M&T Realty Capital Provides $18.7M Permanent Agency Loan for Bronx Affordable Seniors Housing Property

by Taylor Williams

NEW YORK CITY — M&T Realty Capital Corp. has provided an $18.7 million Freddie Mac permanent loan for The Louella, an 85-unit affordable seniors housing property in the Fordham Heights neighborhood of The Bronx. The newly built, age-restricted property offers studio, one-, and two-bedroom units. The amenity package comprises onsite laundry facilities, a community room, bike storage space, fitness center and an outdoor recreational area. Sean Cullen of M&T originated the loan through Freddie Mac’s Forward Commitment 9 Percent LIHTC program. The borrower was The Community Builders. Information on specific income and age restrictions was not disclosed.

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Affordable HousingDevelopmentGeorgiaMultifamilySeniors HousingSoutheast

Swinerton Breaks Ground on $16.4M Mixed-Income Multifamily Project in Metro Atlanta

by John Nelson

RIVERDALE, GA. — General contractor Swinerton has broken ground on Hearthside Riverdale, a $16.4 million multifamily project in Riverdale\. Swinerton is completing the construction on behalf of the developer, OneStreet Residential. Situated on 2.6 acres roughly 15 miles south of Atlanta, the community will feature 70 one- and two-bedroom apartments, with 12 units rented at market rates and 58 units reserved as affordable housing for senior residents earning at or below 60 percent of the area median income (AMI). Amenities at the property will include a community room, laundry room, fitness center, garden bed and pet-friendly features. Completion is scheduled for early 2026.

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Sr-Housing-Live-Oak-Silverdale-WA
LoansMultifamilySeniors HousingWashingtonWestern

Live Oak Bank Provides $47.5M Bridge Loan for Seniors Housing Community in Metro Seattle

by Amy Works

SILVERDALE, WASH. — Live Oak Bank has provided a $47.5 million bridge loan for the refinancing of an undisclosed seniors housing community located in Silverdale, roughly 25 miles northwest (approximately 70 miles by vehicle) of Seattle. Built in 2022, the property comprises 172 independent living, assisted living and memory care units. The borrower is a Florida-based owner of seniors housing communities. The financing features a three-year initial term and 24 months of interest-only payments. Loan proceeds were used to retire the existing debt, with $4 million in potential future earnout proceeds.

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DevelopmentSeniors HousingTexas

AOG Living Breaks Ground on 147-Unit Active Adult Community in Plano

by Taylor Williams

PLANO, TEXAS — AOG Living, the Houston-based developer and operator formerly known as Allied Orion Group, has broken ground on Novum Plano, a 147-active adult project that will be located on the northeastern outskirts of Dallas. Designed by FK Architecture, the property will offer studio, one- and two-bedroom units that will be reserved for renters age 55 and above. Amenities will include a saltwater pool, pickleball court, fitness center, hair and nail salon, theater and game lounge, dog park, community gardens and outdoor kitchens. CBRE arranged construction financing for the project, completion of which is slated for late 2025.

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AcquisitionsMidwestMinnesotaMultifamilySeniors Housing

Inland Acquires Two Luxury Senior Living Communities in Metro Twin Cities

by Kristin Harlow

LAKEVILLE AND SAVAGE, MINN. — Inland Real Estate Acquisitions LLC has acquired two luxury senior living communities in metro Twin Cities for an undisclosed price. Kingsley Shores Independent Senior Living in Lakeville features 101 units. Amenities include a dining room, library, wellness center, warm-water pool, salon, rooftop veranda, theater room, scheduled transportation and onsite social activities. Kingsley Place, an active adult community with 55 units, was also acquired as part of Kingsley Shores. Savage Senior Living at Fen Pointe in Savage features 122 units. Amenities include a dining room, library, fitness center, clinic space, community gardens, salon, theater room, chapel, art studio, coffee bar and walking paths. Both properties were 95 percent occupied at the time of sale. Matthew Tice and David Neboyskey of Inland completed the transaction on behalf of an Inland affiliate.

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HarborChase-at-Naperville
FeaturesMultifamilySeniors Housing

When It Comes to Seniors Housing, GSEs Are Down, But Not Out

by Taylor Williams

By Jeff Shaw Freddie Mac and Fannie Mae — collectively known as the government-sponsored enterprises (GSEs) — have been on divergent paths in recent years when it comes to lending in the seniors housing sector. As specifically regards current activity, Freddie Mac is in the midst of a transaction rally, while Fannie Mae is enduring a wave of delinquencies fueled by seniors housing loans. The two lenders posted similar deal volumes in 2019 before the onset of the COVID-19 pandemic, with both closing over $3 billion in loans that year. While loan closings fell during and after that pandemic, the difference in scale of that drop is significant. While Freddie’s annual volume has not fallen below $2 billion, Fannie’s has stayed at or below $1 billion for four years running, and volume fell 50 percent from $1 billion in 2022 to $500 million in 2023. It’s not hard to see why Fannie Mae is doing less seniors housing business. The organization has a delinquency problem in the sector. Chryssa Halley, Fannie Mae’s CFO, called out the problem on the full-year 2023 financial results conference call. “Our multifamily serious delinquency rate increased to 46 basis points as of Dec. 31, 2023, …

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DevelopmentMidwestMissouriMultifamilySeniors Housing

New Perspective Opens 136-Unit Senior Living Community in Weldon Spring, Missouri

by Kristin Harlow

WELDON SPRING, MO. — New Perspective and Boldt Real Estate have opened New Perspective Weldon Spring, a 136-unit senior living community in the western St. Louis suburb of Weldon Spring. Located at 400 Siedentop Road, the property features independent living, assisted living and memory care units in studio, one-bedroom and two-bedroom layouts. Amenities include a formal dining room, café, fitness center, chapel and activity spaces. The community also offers artificial intelligence-driven fall detection technology SafelyYou, life and activity programming by LifeLoop, in-house therapy services from Fox Rehabilitation and a partnership with Curana Health to bring resident-centered care. The property is situated next to Persimmons Golf Club and near Progress West Hospital.

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