Seniors Housing

Evergreen Real Estate Group Breaks Ground on 120-Unit Affordable Assisted Living Community Near Columbus

by Kristin Harlow March 10, 2026

CANAL WINCHESTER, OHIO — Evergreen Real Estate Group has broken ground on Green Oaks of Canal Winchester, a 120-unit affordable assisted living community rising four stories in Canal Winchester, about 12 miles southeast of downtown Columbus. Completion is slated for March 2027. The property will offer 67 studio and 53 one-bedroom apartments for seniors across a range of income levels, including those who qualify for Medicaid benefits. Gardant Management Solutions will operate the community, which will be licensed as a residential care facility by the Ohio Department of Health and approved as a Medicaid-assisted living service provider through the Ohio Department of Aging. A large commercial kitchen and dining room will serve three meals and snacks throughout the day. The community will feature a fitness room, beauty salon, game room, activity rooms, resident computer stations, a library, community rooms and lounges. Certified staff will be on site 24 hours per day, and the property will provide transportation to local stores and service providers. The Ohio Housing Finance Agency approved the project for 4 percent Low-Income Housing Tax Credits and issued tax-exempt private activity bonds to support the development. The bonds were underwritten and placed by D.A. Davidson. The project team …

March 10, 2026

Affordable Housing Colorado Development Multifamily Seniors Housing Western

Pennrose Breaks Ground on 50-Unit Affordable Housing Community in Superior, Colorado

by Amy Works March 6, 2026

SUPERIOR, COLO. — Pennrose has broken ground on Kite Route Crossing, a 50-unit affordable multifamily property for residents age 55 and older in downtown Superior. Slated to open in summer 2027, the asset will be the first income- and rent-restricted residential community in the town. Kite Route Crossing will offer 44 one-bedroom and six two-bedroom units available at 30 percent to 70 percent of the area median income. Apartments will include modern kitchens with hard-surface counters, Energy Star appliances, luxury vinyl flooring, bedrooms with walk-in closets, storage closets and Juliet balconies in select units. Community amenities will include covered parking and ground-floor amenity space, including onsite property management and maintenance, a community room, an open-concept lobby, activity room, indoor bike storage, pet washing station, package room and a fitness center. The $26.3 million development is financed by federal and state housing tax credits allocated by the Colorado Housing and Finance Authority and purchased by Hudson Housing Capital and JP Morgan Chase. JP Morgan Chase provided a senior construction loan and Berkadia provided a permanent loan. The Colorado State Division of Housing, Department of Local Affairs, Boulder County, the Town of Superior and the Community Foundation of Boulder County all provided financial …

March 6, 2026

Development Loans Multifamily Oregon Seniors Housing Western

Gantry Secures $12M Construction-to-Permanent Loan for Assisted Living Project in Oregon

by Amy Works March 6, 2026

WOODBURN, ORE. — Gantry has secured a $12 million construction-to-permanent loan for the development of an assisted living facility in Woodburn. Charlie Kokernak and Tim Brown of Gantry arranged the 10-year, fixed-rate loan for the borrower, an affiliate of Benicia Senior Living. An Oregon-based credit union provided the loan, which includes interest-only payments for the first three years followed by a 25-year amortization. Located at 1000 Country Club Road NE, the community will feature 46 units, totaling 51 beds. The property is adjacent to Heartwood Place Memory Care, which is also owned and managed by Benecia Senior Living.

March 6, 2026

Acquisitions Multifamily Seniors Housing Washington Western

SLIB Arranges Sale of 42-Unit Seniors Housing Property in Washington

by Amy Works March 6, 2026

CASHMERE, WASH. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing community located in Cashmere in central Washington. Situated on roughly 1.5 acres, the community comprises 42 units. A regional owner-operator seeking to expand its footprint in the state acquired the property for an undisclosed price. The seller was a local owner-operator exiting the industry. Jason Punzel, Vince Viverito, Jake Anderson and Taylor Graham of SLIB brokered the transaction.

March 6, 2026

Acquisitions Midwest Minnesota Multifamily Seniors Housing

Colliers Arranges Sale of 121-Unit Active Adult Community in St. Paul

by Kristin Harlow March 6, 2026

ST. PAUL, MINN. — Colliers has arranged the sale of Graham Place Senior Apartments, a 121-unit, 55-plus community located at 1745 Graham Ave. in St. Paul’s Highland neighborhood. The Low-Income Housing Tax Credit property, built in 2005, features 42 one-bedroom units and 79 two-bedroom units. Amenities include a fitness center, business center, corner store, beauty salon, guest suite accommodations, underground parking and 24-hour emergency maintenance. Northstar Properties of Minnesota Inc. was the buyer. Dan Linnell, Mox Gunderson, Adam Haydon, Devon Dvorak and Drew Jackson of Colliers represented the buyer and undisclosed seller.

March 6, 2026

Residences-at-Appleton-Holyoke-Massachusetts

Development Massachusetts Multifamily Northeast Seniors Housing

WinnCos. Completes $55.3M Affordable Seniors Housing Redevelopment in Holyoke, Massachusetts

by Taylor Williams March 4, 2026

HOLYOKE, MASS. — WinnCos. has completed a $55.3 million seniors housing redevelopment in the western Massachusetts city of Holyoke. Residences at Appleton is an adaptive reuse of a former alpaca mill complex that has been vacant since the 1970s into an affordable housing complex for residents age 55 and older. Of the property’s 88 units, 12 are reserved for seniors earning 30 percent or less of the area median income (AMI); 63 are earmarked for renters earning 60 percent of AMI; and 13 are set aside for those earning 80 percent or less of AMI. The unit mix comprises four studios, 75 one-bedroom residences and nine two-bedroom units. Amenities include a fitness center, resident lounge and an outdoor recreation area. Keith Construction served as the general contractor for the project, which was designed by The Architectural Team. VHB provided civil engineering and permitting services. Local nonprofit OneHolyoke provided gap financing for the project, and Bank of America served as the construction lender and the investor in the project’s state and federal low-income housing tax credits. MassHousing also provided tax-exempt bond financing for the development.

March 4, 2026

Acquisitions Seniors Housing Southeast Tennessee

Clarion Partners Fund Acquires 126-Unit Seniors Housing Facility in Franklin, Tennessee

by John Nelson March 3, 2026

FRANKLIN, TENN. — New York-based Clarion Partners, via the Clarion Partners Real Estate Income Fund Inc., has purchased Vitality Living Franklin, a 126-unit seniors housing facility located at 1035 Fulton Greer Lane in Franklin, about 20 miles south of Nashville. The property was built in 2014, renovated in 2023 and features independent living, assisted living and memory care residences. Locally based Vitality Living operates the community, which is situated three miles from Williamson Medical Center. Clarion Partners, a real estate affiliate of Franklin Templeton, is a relative newcomer to the senior living sector, having acquired its first seniors housing property last year in Mechanicsville, Va. Last month, the company hired two new executives from Ventas Inc., Tim Olivos and Natalie Wynn, to join Clarion’s growing healthcare platform.

March 3, 2026

Colorado Development Multifamily Seniors Housing Western

United Properties Breaks Ground on 154-Unit Active Adult Community in Denver

by Amy Works March 3, 2026

DENVER — United Properties has broken ground on Amira Lowry, a 55-plus active adult community in Denver’s Lowry neighborhood. The four-story property will feature 154 rental residences ranging from alcove studios to two-bedroom-plus-den layouts, all including in-unit laundry, private balconies and storage space. Community amenities will include fitness and wellness spaces, create activity rooms, indoor lounges, exterior gardens, walking paths and outdoor courtyards. The development will also feature a secure, attached parking garage, a bike lounge and outdoor gear storage. Weis Builders is constructing the project. Keegan Mulry House is curating the interior design and furnishings. Amira Lowry is Phase I of a two-phase plan for the site. Future plans include the addition of adjacent villa-style homes that are subject to required approvals.

March 3, 2026

Acquisitions Midwest Multifamily Seniors Housing Wisconsin

Northmarq Arranges $10.7M Sale of Senior Living Portfolio in Madison Metro Area

by Kristin Harlow February 26, 2026

MADISON AND VERONA, WIS. — Northmarq has arranged the $10.7 million sale of Westminster and Prairie Oaks II, two senior living communities totaling 102 units in the Madison metro area. Both properties operate under low-income housing tax credit restrictions through 2032 and are designated for residents age 55 and older. Westminster in Verona was built in 2003, and Prairie Oaks II in Madison was constructed in 2002. Both feature one- and two-bedroom floor plans with amenities such as underground heated parking, community lounges, fitness and business centers and onsite management. Jake Lamb, Parker Stewart, Dominic Martinez and Alex Malzone of Northmarq represented the seller, Lakeside Capital Advisors. TPW Properties was the buyer.

February 26, 2026

Development Midwest Multifamily Seniors Housing Wisconsin

McShane Completes 72-Unit Senior Living Community in Mukwonago, Wisconsin

by Kristin Harlow February 24, 2026

MUKWONAGO, WIS. — McShane Construction Co. has completed Azura Mukwonago, a 72-unit assisted living and memory care community in Mukwonago, about 30 miles southwest of Milwaukee. Azura Living was the developer. Designed by EUA, Azura Mukwonago integrates two assisted living buildings and one memory care building on a 6.4-acre site. A 35-foot barn serves as a storage facility. Amenities include community rooms, dining rooms, kitchens, sunrooms, a fitness area, spa, salon, community garden, walking paths, a putting green, bocce ball courts and courtyards.

February 24, 2026

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