Saturday, August 8, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Seniors Housing

MassachusettsMultifamilyNortheastSeniors Housing

IPA Brokers Sale of Seniors Housing in Greater Boston

by Haisten Willis

FRANKLIN, MASS. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of The Estate at Franklin, an 81-unit seniors housing facility in Franklin. Mark Myers, Joshua Jandris and Matthew Andriano of IPA represented the seller, a family-owned real estate development company, and procured the buyer, a privately held real estate investment and property management firm. Completed in 2014, The Estate at Franklin is located seven miles from the 141-bed Landmark Medical Center.

Continue Reading
FacebookTwitterLinkedinEmail
ArizonaMultifamilySeniors HousingWestern

RJ Development Buys Parcel Near Phoenix for $40M Independent Living Community

by Nellie Day

CHANDLER, ARIZ. — Colliers International has brokered the sale of a 5.8-acre parcel in the Phoenix suburb of Chandler for $3.2 million. The buyer will use the land to build The Park at Copper Creek, a $40 million independent living community. RJ Development is building the property. The Park at Copper Creek Independent Living will span approximately 170,000 square feet of space across 135 units. Koelsch Communities is the sponsor of the project, and Koelsch Construction will be the general contractor. Construction will start this June for delivery in September 2018. Chaz Smith, John Finnegan and Ramey Peru of Colliers International in Greater Phoenix represented the seller in the land deal, Henry Bosma of Arizona Acres and Cinder Butte Properties Inc. Tim Dulany, also of Colliers International in Greater Phoenix, represented the buyer, RJ Development.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaMultifamilySeniors HousingWestern

Cushman & Wakefield Arranges $30.3M in Financing for Construction of 111-Unit Seniors Housing Community Near San Diego

by Nellie Day

CHULA VISTA, CALIF. — Cushman & Wakefield Senior Housing Capital Markets has arranged $8.3 million in institutional equity capital and $22 million in construction debt for a joint venture between Douglas Wilson Cos. and Milestone Retirement Communities LLC. The borrowers will use the financing to build a 111-unit assisted living and memory care community within the Otay Ranch master-planned development in the San Diego suburb of Chula Vista. The community will consist of a two-story building on a 4.5-acre site with easy access to downtown San Diego. The project will offer 85 assisted living units and 26 memory care units. Milestone Retirement Communities will manage the property. Construction on the site is slated to begin this month for an anticipated opening in the fall of 2018. Wells Fargo is providing the construction loan. The Cushman & Wakefield team of Rick Swartz, Jay Wagner, Aaron Rosenzweig, Jim Dooley and Alex Petrosian arranged the financing.

Continue Reading
FacebookTwitterLinkedinEmail
ArizonaMultifamilySeniors HousingWestern

CA Senior Living Breaks Ground on Two Communities in Arizona

by Nellie Day

ORO VALLEY AND GILBERT, ARIZ. — CA Senior Living LLC, the senior housing investment and development division of Chicago-based CA Ventures, has broken ground on seniors housing communities in the Tucson suburb of Oro Valley and the Phoenix suburb of Gilbert. The Gilbert community, Quail Park at Morrison Ranch, will total 115 units across two stories on a 4.5-acre plot. Chicago-based BKV Group designed the $25 million property. The Oro Valley community, Quail Park of Oro Valley, will total 101 units in a two-story building situated on three acres. The Chicago office of Harley Ellis Devereaux designed the $30 million project. Seattle-based Living Care Lifestyles will operate both communities, which will each offer a mix of assisted living and memory care residences. The two communities represent an entrance to Arizona for both the developer and operator. The communities are scheduled to open in summer 2018.

Continue Reading
FacebookTwitterLinkedinEmail
MultifamilySeniors HousingWashingtonWestern

Enlivant Opens Renovation of Community in Spokane Valley

by Nellie Day

SPOKANE VALLEY, WASH. — Enlivant has opened the doors on the recently renovated Ridgeview Place, an assisted living and memory care community in Spokane Valley, near the border between Washington and Idaho. Enlivant and its subsidiaries operate nearly 230 senior living communities, representing 11,000 units across 27 states.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilySeniors HousingTexas

KeyBank Provides $9.1M Loan to Rehab Affordable Seniors Community in Tulsa

by Jeff Shaw

TULSA, OKLA. — KeyBank Real Estate Capital has provided a $9.1 million HUD loan to LEDIC Realty Co. for the rehabilitation of Quail Creek Villa, an affordable seniors housing community in Tulsa. The community is restricted to residents over 62 years of age and those with disabilities. All 120 units of the property are reserved for those making 60 percent or less of the area median income. Jeff Rodman of Key’s Commercial Mortgage Group and Kelly Frank of Key’s Community Development Lending and Investment (CDLI) group arranged the financing.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilyOregonSeniors HousingWestern

Grandbridge Facilitates $24.3M in Acquisition Financing for Two Seniors Housing Communities in Portland

by Nellie Day

PORTLAND, ORE. — Grandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance Group has arranged a total of $24.3 million in financing for the acquisition of Hawthorne Gardens and Pacific Pointe Retirement Inn, both seniors housing communities located in Portland. The two nonrecourse bridge loans included $12 million for the 58-unit Hawthorne Gardens and $12.3 million for the 114-unit Pacific Pointe. The buyer and seller were not disclosed. Grandbridge’s Richard Thomas and Meredith Davis negotiated the financing. The company’s proprietary lending platform, BB&T Real Estate Funding’s structured loan product. Hawthorne Gardens was most recently sold in September 2015 for $10.8 million.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaLoansMultifamilySeniors HousingWestern

Meridian Arranges $39M Refinancing for Two Skilled Nursing Facilities in Southern California

by Nellie Day

SOUTHERN CALIFORNIA — Meridian Capital Group has arranged $39 million in bridge loans to refinance of a two-property, 355-bed skilled nursing portfolio in Southern California. The specific names and locations of the properties were not disclosed. A national balance sheet lender is providing the capital for the three-year loans. The financing features interest-only payments for two years and an 85 percent loan-to-value ratio. The borrower has owned both properties for more than 10 years. Ari Adlerstein, Ari Dobkin and Josh Simpson, all based in Meridian’s New York City headquarters, negotiated the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
ArizonaLoansMultifamilySeniors HousingWestern

HJ Sims Provides $5.1M in Financing for Development of Independent Living Community in Arizona

by Nellie Day

GLENDALE, ARIZ. — Investment bank HJ Sims has provided $5.1 million in financing for the construction of an independent living community in the Phoenix suburb of Glendale. An affiliate of Sante Partners is developing the property, which has not yet been named. Once completed, a large, national operator will manage the community. This will be Sante’s sixth development. The financing is structured as a mezzanine loan and preferred equity investment.

Continue Reading
FacebookTwitterLinkedinEmail
LaCenterra Shopping Center, Katy, Texas
FeaturesMixed-UseMultifamilySeniors HousingTop Stories

Seniors Housing Draws Customers to Mixed-Use Centers

by Jeff Shaw

Generally, when one thinks about the massive, new mixed-use projects under development, a few images come to mind. Apartments, offices, hotels and retail mixed together, with some green walking trails and open spaces. Seniors housing, however, is probably not among those first impressions. This idea is changing, though, as mixed-use developers and seniors housing owners and operators begin to see the mutual benefits that senior living can bring to a project. The demographic wave of Baby Boomers hitting retirement age will nearly double the 65-plus population in the United States by 2050, from 43.1 million to 83.7 million, according to projections by the U.S. Census Bureau. The tactic of integrating seniors living into mixed-use developments is becoming more common throughout the country. Usually in high-end developments, the target market is seniors with disposable income. While the projects are a one-off concept for most seniors housing developers, some are making it a cornerstone of their development philosophies. For example, Georgia-based Formation Development Group, a subsidiary of private equity group Formation Capital, has opened four communities in mixed-use developments in Texas and Illinois since 2009. The company has a fifth currently under construction in Pennsylvania. “That’s an intentional strategy on our part,” …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts