Seniors Housing Archives - REBusinessOnline

Brazos to Develop 21-Story Seniors Housing Building in Uptown Houston

Taylor Williams — Fri, 06 Feb 2026 16:17:17 +0000

HOUSTON — Brazos Presbyterian Homes Holding Inc., a nonprofit owner-operator, will develop a 21-story seniors housing building in the Uptown area of Houston. Known as Uptown Oaks at The Hallmark, the project represents an expansion of The Hallmark, a senior living community that first opened in 1972. The new building will feature 120 independent living units that will range in size from 1,250 to 3,000 square feet. Amenities will include a wellness center with a yoga studio and massage area, dining venues, an art and hobby studio, café, movie theater and a pool. PRDG Architecture designed the building. Construction is expected to begin in 2027, with occupancy starting in 2030.

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MGL Partners Sells Carillon at Belleview Station Seniors Housing Property in Denver for $96M

Amy Works — Fri, 06 Feb 2026 15:10:18 +0000

DENVER — MGL Partners has completed the sale of Carillon at Belleview Station, a seniors housing community in Denver. An institutional buyer acquired the property for $96 million as part of a multi-asset seniors housing portfolio. Located at 4855 S. Niagara St., Carillon at Belleview Station features 156 independent living, assisted living and memory care residences. Community amenities include a commercial kitchen and restaurant-style dining, a bistro, spa and wellness spaces and common areas designed to support comfort, connection and aging in place. The buyer purchased Carillon at Belleview Station alongside four other seniors housing properties across the country as part of a single portfolio transaction.

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PGIM Sells Two-Property Seniors Housing Portfolio in Metro Phoenix

Amy Works — Tue, 03 Feb 2026 14:56:48 +0000

GILBERT AND MESA, ARIZ. — PGIM has arranged the sale of a two-property seniors housing portfolio in metro Phoenix. The portfolio includes The Watermark at Morrison Ranch in Gilbert and Acoya Mesa, which is jointly owned by the original developer Ryan Cos. US, in Mesa. JLL Capital Markets represented the seller in the deal. Additionally, JLL worked on behalf of the undisclosed buyer to secure a 10-year acquisition loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, a Freddie Mac Optigo Lender for seniors housing loans. Built in 2019, The Watermark at Morrison Ranch features a two-story building with 115 units of assisted living and memory care units. The property offers Class A amenities including three distinctive dining venues, a fitness center, technology center, library and full-service salon. The asset is situated on 4.6 acres at 3333 E. Morrison Ranch Parkway. Developed and built by Ryan Cos. in 2019, Acoya Mesa consists of a three-story building offering 51 units of independent living, 91 units of assisted living and 28 units of memory care. Common areas feature a café/bistro/pub, restaurant-style dining, a movie theater, salon, game room, activities room and library. Acoya Mesa is situated on 7.9…

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Cambridge Realty Capital Provides $6.5M Construction Loan for Memory Care Addition in Pontiac, Illinois

Kristin Harlow — Mon, 02 Feb 2026 14:54:19 +0000

PONTIAC, ILL. — Cambridge Realty Capital has provided a $6.5 million HUD Section 241(a) loan to finance the new construction of a 20-bed memory care addition to The Pointe at Pontiac, an existing 60-bed supportive living facility in Pontiac. Supportive living is the Illinois version of Medicaid Waiver Assisted Living, whereby the state provides Medicaid funding to seniors 65 and older who would otherwise not have the financial resources necessary to reside in an assisted living facility. Loan proceeds will be used to fund the new construction addition and to complete improvements and repairs to the existing building. Zach Scardina of Cambridge originated the nonrecourse loan, which features a fixed interest rate and interest-only payments and converts upon construction completion to a fixed-rate, 35-year, fully amortizing permanent loan. The borrower was an Illinois-based limited liability company.

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Berkadia Provides $30M Agency Refinancing for Two Seniors Housing Communities in Texas

Taylor Williams — Wed, 28 Jan 2026 16:31:14 +0000

AUSTIN, TEXAS — Berkadia has provided $30 million in agency debt for the refinancing of two seniors housing communities in Texas. The unnamed facilities provide assisted living and memory care services, and the financing comprises two seven-year, floating-rate Freddie Mac loans. Garrett Sacco, Austin Sacco, Steve Muth and Alec Rosenfeld of Berkadia originated the loans on behalf of the borrower, Austin-based Journeyman Group.

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Real Estate Industry Displays ‘Uneven Performance’ Heading Into 2026, Says Valuation Firm IRR

John Nelson — Tue, 27 Jan 2026 12:42:00 +0000

DENVER — The U.S. commercial real estate industry is currently experiencing a mixed bag of demand generators and property-level performance, according to Integra Realty Resources (IRR), a commercial real estate valuation services firm based in Denver. IRR’s conclusions are expanded in Viewpoint 2026, the 33rd edition of the firm’s commercial real estate trends report. “As we enter 2026, we see that the economic environment is becoming more stable, but growth is slower and visibility remains limited,” says Nick Luettke, economist at Moody’s Analytics. “Inflation has eased from recent peaks and interest rates have started to trend lower, however, borrowing costs remain elevated relative to prior cycles. With labor markets softening and policy uncertainty still at play, economic conditions are supportive in some areas but restrictive in others, contributing to uneven performance across the U.S. commercial real estate market.” IRR partnered with Luettke for the macro-economic trends within the report and sought contributions from nearly 600 valuation advisors in the United States and Caribbean. The report delivers sector-specific insights along with three specialty property reports on healthcare and seniors housing, quick-service restaurants and self-storage. Some key findings and forecasts from the main report include: the sustained poor fundamentals within the highly fragmented…

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Berkadia Arranges $33.8M Refinancing for Seniors Housing Community in Bozeman, Montana

Amy Works — Mon, 26 Jan 2026 14:26:24 +0000

BOZEMAN, MONT. — Berkadia has arranged $33.8 million in refinancing for Bozeman Lodge, an independent and assisted living community located in Bozeman. Oregon-based Radiant Senior Living is the borrower. Ed Williams, Steve Muth, Austin Sacco, Garrett Sacco and Alec Rosenfeld of Berkadia secured the financing from a debt fund on behalf of Radiant. The 2.5-year loan features interest-only payments for the full term. The transaction marks the debt fund lender’s first loan within the seniors housing sector.

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O&I Development, R.D. Olson Break Ground on $33M Community Near Los Angeles

Amy Works — Fri, 23 Jan 2026 14:46:46 +0000

ARCADIA, CALIF. — O&I Development, with R.D. Olson Construction as general contractor, has broken ground on The Ivy Arcadia, a seniors housing property in Arcadia within San Gabriel Valley. The three-story, $33 million project will feature 100 assisted living and memory care apartments. Completion is slated for fall 2027. The property will offer comprehensive fire and life safety systems, including advanced alarms, sprinklers and rated corridors; backup power and medical gas provisions to ensure uninterrupted care; and a secure outdoor area designed for safe, independent mobility. Community amenities will include a fitness center and specialized treatment rooms for memory core and mobility support; sensory-friendly design featuring distinct colors and intuitive wayfinding to reduce confusion; multiple communal spaces, including dining areas, a reading room, bar and lounge and salon; open-air patios and secure walking paths to promote healthy habits; and 70 parking spaces to accommodate family visits and staff. The project team includes b.hills architecture and STUDIOSIX5.

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MONTICELLOAM Provides $60M in Bridge Financing for Illinois Skilled Nursing Portfolio

Kristin Harlow — Fri, 23 Jan 2026 14:29:56 +0000

ILLINOIS — MONTICELLOAM LLC, a specialized seniors housing and multifamily bridge lending platform, has provided $60 million in bridge financing for a five-property skilled nursing portfolio in Illinois. Karina Davydov of MONTICELLOAM originated the loan on behalf of the borrower, which operates more than a dozen skilled nursing facilities in Illinois. The borrower will use the loan proceeds to acquire the portfolio of more than 620 licensed beds.

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NexCore Breaks Ground on Seniors Housing Community in Downtown Sarasota, Florida

John Nelson — Thu, 22 Jan 2026 14:27:40 +0000

SARASOTA, FLA. — NexCore Group has broken ground on The Reserve Sarasota, a new senior living community in southwest Florida. Located in downtown Sarasota, the property will total 248,582 square feet across seven stories. Experience Senior Living, a wholly owned subsidiary of NexCore, will operate the community. Amenities at the property will include multiple dining venues, wellness spaces and a rooftop pool. The project team includes Brinkmann Constructors, Hoyt Architects, Infrastructure Solutions Services and Senior by Design. Completion of the development is scheduled for December 2027.

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Lument Provides $21.5M Refinancing for Seniors Housing Community in Metro Seattle

Amy Works — Thu, 22 Jan 2026 14:25:02 +0000

FEDERAL WAY, WASH. — Lument has provided a $21.5 million loan for the refinancing of a seniors housing community located in Federal Way, roughly 25 miles south of Seattle. Village Green of Federal Way totals 170 units, with 136 assisted living units and 34 independent living cottages. Casey Moore of Lument arranged the HUD/FHA Section 232/223(f) loan on behalf of the borrower, a family-owned company. The loan features a fixed interest rate and 35-year term.

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Berkadia Brokers Sale of 135-Unit Seniors Housing Community on San Francisco Bay

Amy Works — Wed, 21 Jan 2026 14:40:14 +0000

SAN MATEO, CALIF. — Berkadia has brokered the sale of Atria Park of San Mateo, a 135-unit assisted living and memory care community located in San Mateo on the western shores of San Francisco Bay. A partnership between Shelter Real Estate Investment Properties and Calson Management acquired the property for an undisclosed price. The community will be rebranded as Harbor at Hillsdale. Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders of Berkadia arranged the transaction on behalf of the undisclosed seller.

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Kiser Group Brokers $7M Sale of Skilled Nursing Facility in Metro Cleveland

Kristin Harlow — Wed, 21 Jan 2026 14:29:08 +0000

CLEVELAND — Kiser Group has brokered the sale of an 84-bed skilled nursing facility in a rural market east of Cleveland for $7 million. The property features 76 skilled nursing beds, five assisted living units and three independent living units. Situated on 26 acres, the community was built in 1950 and expanded through multiple additions between 1995 and 2001. At the time of sale, occupancy ranged between 70 and 80 percent. The buyer is a seasoned owner-operator with a large skilled nursing portfolio across the Midwest and a growing presence in Ohio. The buyer plans to implement strategic initiatives aimed at improving cash flow and enhancing overall performance. The seller was a family ownership group based in the Cleveland area. Mark Myers of Kiser brokered the sale.

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SLIB Arranges Sale of 44-Bed Skilled Nursing Facility in Burlington, Colorado

Amy Works — Mon, 12 Jan 2026 14:48:59 +0000

BURLINGTON, COLO. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 44-bed skilled nursing facility in Burlington, a city in eastern Colorado. The building totals roughly 25,003 square feet. A group of California-based investors sold the property to a Colorado-based owner and operator for an undisclosed price. Vince Viverito, Jason Punzel, Jeff Binder and Nick Cacciabando of SLIB brokered the transaction.

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BMO Healthcare Real Estate Provides Acquisition Financing for 156-Unit Seniors Housing Property in California

Amy Works — Fri, 09 Jan 2026 14:12:41 +0000

ALISO VIEJO, CALIF. — BMO Healthcare Real Estate has provided financing for the acquisition of Belmont Village Aliso Viejo in southern California’s Aliso Viejo. Harrison Street Asset Management was the borrower. Opened in 2019, the community totals 156 assisted living and memory care units. Belmont Senior Living developed and operates the property. Harrison Street currently has more than $108 billion in assets under management.

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JLL Brokers Sale of 345-Unit Thunderbird Senior Living Community in Glendale, Arizona

Amy Works — Tue, 06 Jan 2026 14:03:22 +0000

GLENDALE, ARIZ. — JLL Capital Markets has arranged the sale of Thunderbird Senior Living, a seniors housing community in Glendale. Terms of the transaction were not disclosed. JLL’s Seniors Housing Capital Markets team represented the undisclosed seller and procured the undisclosed buyer in the deal. Most recently renovated in 2018, Thunderbird Senior Living consists of 13 interconnected three-story buildings offering 285 independent living, 40 assisted living and 20 memory care units. All residences include a dedicated kitchen, private bathrooms and bedrooms. Community amenities include an art room, beauty salon/barber shop, bistro, game room, heated outdoor pool, library, living room/lounges, nature trails, sun decks and a theater. Stellar Senior Living will continue to operate the property, which is situated on 7.8 acres at 5401 W. Dailey St.

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Sunny Hills Management Co. Buys 168-Unit Seniors Housing Property in Southern California

Amy Works — Tue, 06 Jan 2026 14:01:01 +0000

CARLSBAD, CALIF. — Sunny Hills Management Co. has acquired Laguna Estates Senior Living, a 168-unit seniors housing property located in Carlsbad, an affluent coastal city in southern California. The seller and sales price were not disclosed. Laguna Estates features a mix of assisted living and memory care units across four buildings. Amenities at the community include an activity room, salon, billiards room, fitness center, movie room, piano room, putting green and swimming pool. Aaron Rosenzweig and Dan Baker of JLL Capital Markets arranged the sale on behalf of the seller.

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Lockwood Cos. Breaks Ground on 40-Unit Affordable Seniors Housing Community in Albany, Georgia

Abby Cox — Mon, 22 Dec 2025 15:11:01 +0000

ALBANY, GA. — Lockwood Cos. has broken ground on Dogwood Trail Apartments II, a 40-unit affordable seniors housing community located in the South Georgia city of Albany. Construction of Dogwood Trail Apartments II is estimated to take 14 months to complete, with a scheduled opening in winter 2027. Upon completion, the senior living community will provide housing for residents age 55 and older who earn 30, 50, 60 and 70 percent of the area median income (AMI). In partnership with the Albany Housing Authority, eight units will also be set aside for residents with project-based Housing Choice Vouchers. Dogwood Trail Apartments II will offer 20 one-bedroom and 20 two-bedroom apartments with elevators. The energy-efficient project will meet National Green Building Standards and will be furnished with dishwashers and washer/dryer connections. Additionally, all units will be pre-wired for cable and high-speed internet access.

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JLL Arranges Sale of 172-Unit Luxury Active Adult Community in Noblesville, Indiana

Kristin Harlow — Fri, 19 Dec 2025 14:02:40 +0000

NOBLESVILLE, IND. — JLL Capital Markets has arranged the sale of Outlook Hamilton, a 172-unit luxury active adult community in Noblesville. Delivered in 2023, the property is situated adjacent to Hamilton Town Center and features one- and two-bedroom floor plans. Amenities include a fitness center, sports lounge, theater, great room, courtyard, community garden, dog park and detached garages for rent. Jay Wagner, Rick Swartz, Aaron Rosenzweig, Sam Dylag, Tim Hosmer and Sandis Seale of JLL represented the seller, Capitol Seniors Housing. The team partnered with JLL’s Amanda Friant, Jenny Hull, Holly Hunt, Ken Martin and Nelson Almond. Middle Street Partners and its limited partner, Parse Capital, purchased the asset.

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United Group Begins Construction on 152-Unit Active Adult Development in Winter Park, Florida

John Nelson — Thu, 18 Dec 2025 16:15:58 +0000

WINTER PARK, FLA. — The United Group of Cos. has begun construction on Terracotta Terrace, an active adult community in Winter Park, roughly six miles northeast of Orlando. Upon completion, the property will total 152 units reserved for residents age 55 and older. Residences will include one- and two-bedroom apartments, as well as penthouses. Additionally, the community will feature 12,000 square feet of amenity space. Amenities will include a pool, outdoor bar and kitchen, dog park, bocce ball, shuffleboard courts, fire pits, cabanas, a great room, café and bar area, movie theater, fitness center, yoga studio and a wellness center with a salon, massage studio and sauna. Completion of construction is scheduled for the fourth quarter of 2027. The project team includes Winter Park Construction and Forum Architecture & Design. United Plus Property Management, the management arm of United Group, will operate the community.

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