Seniors Housing Archives - REBusinessOnline

Lument Provides $26.8M Freddie Mac Loan for Seniors Housing Community in Utah

Amy Works — Mon, 27 Apr 2026 14:07:37 +0000

OGDEN, UTAH — Lument has provided a $26.8 million Freddie Mac loan for the refinancing of Treeo South Ogden, a senior living community located in Ogden, roughly 30 miles north of Salt Lake City. Leisure Care, which owns and operates the community, is the borrower. Opened in 2015, Treeo South Ogden features 143 independent living units. Tyler Armstrong, Chris Cain and Taylor Russ of Lument led the transaction. The loan, which features a 10-year term with five years of interest-only payments and a 30-year amortization period, is being used to refinance existing bank debt and provide cash-out proceeds for future development.

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NHI Agrees to Sell Skilled Nursing Portfolio to National HealthCare Corp. for $560M

John Nelson — Thu, 23 Apr 2026 14:27:53 +0000

MURFREESBORO, TENN. — National Health Investors (NHI) has executed an agreement to sell a seniors housing portfolio to National HealthCare Corp. (NHC) for a total of $560 million. The portfolio includes 32 skilled nursing facilities and three independent living facilities. NHC currently operates the properties on behalf of NHI. In 2025, the portfolio generated cash lease revenue of roughly $39.7 million for NHI. According to NHI, the Murfreesboro-based company expects this move to increase its concentration in the category of private-pay seniors housing. Following the transaction, NHI’s senior housing operating portfolio segment will represent roughly 22 percent of its total investments, with skilled nursing exposure to represent 12.2 percent of total investments. In a statement, NHI also noted that this sale will “eliminate potential conflicts of interest between NHI and NHC.” Closing of the transaction is expected on July 1, subject to customary closing conditions. NHI expects to incur transaction costs between $6 million and $8 million. Blueprint Healthcare Real Estate Advisors is serving as the transaction advisor for NHI. Houlihan Lokey Capital is acting as financial advisor to a special committee of non-interested directors that was appointed to review the sale, and Venable LLP is serving as the committee’s…

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Harrison Street Acquires Two Seniors Housing Communities in Southern Connecticut

Taylor Williams — Thu, 23 Apr 2026 13:25:20 +0000

DARIEN AND STAMFORD, CONN. — Chicago-based owner-operator Harrison Street has acquired two seniors housing communities totaling 216 units in southern Connecticut. The Residence at Selleck’s Woods in Darien totals 102 independent living, assisted living and memory care units and was completed in 2019. Amenities include a private theater, billiards room, salon, library, activity space and restaurant-style dining rooms. The Residence at Summer Street in Stamford features 104 units of independent living, assisted living and memory care and offers similar amenities. Jay Wagner, Rick Swartz, Aaron Rosenzweig and Jim Dooley of JLL represented the seller, a partnership between LCB Senior Living and Virtus Real Estate Capital, in the transaction.

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Lument Provides $58.2M Agency Loan for Refinancing of Rochester Seniors Housing Property

Taylor Williams — Thu, 23 Apr 2026 13:20:21 +0000

ROCHESTER, N.Y. — New York City-based Lument has provided a $58.2 million Freddie Mac loan for the refinancing of The Village at Unity and The Hamlet, a 332-unit seniors housing property in Rochester. Built in 1990 and subsequently renovated in 2000, 2012 and 2022, the property consists of 272 independent living units, 40 assisted living units and 20 memory care residences. Tyler Armstrong, Chris Cain and Taylor Russ of Lument originated the financing on behalf of the owner, Wegman Cos. The loan carries a 10-year term with interest-only payments for four years, a fixed interest rate and a 30-year amortization schedule.

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JCCG Selected to Develop 125 Independent Living Homes in Milledgeville, Georgia

Abby Cox — Mon, 20 Apr 2026 13:58:39 +0000

MILLEDGEVILLE, GA. — Jim Chapman Construction Group (JCCG), a Southeast-based general contractor specializing in build-to-rent (BTR) communities, has been selected to build 125 single-family rental (SFR) homes at Higher Ground, a new 42-acre, independent living community in Milledgeville. Developed by BLDG Real Estate, Higher Ground is planned to complement the adjacent Fellowship Meriwether Assisted Living Community, providing residents with access to existing amenities, while supporting a “greater level of independence.” Upon completion of the project, The Fellowship Family, a fourth-generation, family-owned firm specializing in senior living communities across the Southeast, will manage the community. Land development of the community’s first phase of 91 homes began in November 2025, and vertical construction is scheduled for June. Leasing is expected to begin in September, with project completion anticipated by January 2027. Homes will range in size from approximately 1,007 to 1,294 square feet.

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Kislak Negotiates $7.9M Sale of Seniors Housing Development Site in Millersville, Pennsylvania

Taylor Williams — Fri, 17 Apr 2026 13:10:00 +0000

MILLERSVILLE, PA. — New Jersey-based brokerage firm The Kislak Co. Inc. has negotiated the $7.9 million sale of a seniors housing development site in Millersville, a suburb of Lancaster. The 67-acre site at 306 S. Duke St. is the future home of a 420-unit, age-restricted community that will be known as The Village at Funk’s Farms. Plans for the project also include a healthcare facility with up to 75 beds. Matt Wolf of Kislak represented the seller, HHF Real Estate, in the transaction and the buyer, Burkentine Builders.

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Inland Purchases 156-Unit Senior Living Community in Metro Chicago

Kristin Harlow — Fri, 17 Apr 2026 12:56:44 +0000

MOKENA, ILL. — Inland Real Estate Acquisitions LLC has purchased Clarendale of Mokena, a 156-unit senior living community in Mokena, a southwest suburb of Chicago. The property features 60 independent living residences, 56 assisted living units and 40 memory care units. Amenities include a bistro, pub, dining room, fitness studio, theater room, salon, outdoor patio and landscaped grounds. Clarendale of Mokena was 94 percent occupied at the time of sale. Inland’s Matthew Tice and Brett Smith completed the transaction on behalf of an Inland affiliate. A joint venture between LCS and Nuveen Real Estate was the seller. LCS Community Operations will continue to provide management services for the community and its residents.

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Kisco Senior Living Plans New Community in Las Vegas

Amy Works — Thu, 16 Apr 2026 13:54:11 +0000

LAS VEGAS — Kisco Senior Living has announced plans to develop a new seniors housing property in Summerlin, a master-planned community located in Las Vegas. Upon completion, the property will feature independent living, assisted living and memory care units. “Summerlin is one of the most compelling senior living markets in the country, and frankly, one of the most underserved when it comes to truly elevated options,” said Andy Kohlberg, president and CEO of Kisco Senior Living, in a statement. “We’re building something that reflects how today’s older adults want to live: beautifully designed spaces, exceptional food, genuine hospitality and the security of knowing care is available if and when they need it — all on a simple rental basis with no buy-in required.” Additional details will be disclosed as planning advances.

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MBK Senior Living Sells Two Communities in California Totaling 198 Units

Amy Works — Thu, 09 Apr 2026 13:26:43 +0000

MANTECA AND STOCKTON, CALIF. — MBK Senior Living has sold two seniors housing communities in California totaling 198 units. Clarion Partners acquired the communities for an undisclosed price. Located in Manteca and Stockton, the portfolio includes The Commons at Union Ranch and The Commons on Thornton. Built in 2004, The Commons on Thornton features 100 assisted living and memory care units. The property was 94 percent occupied at the time of sale. The Commons at Union Ranch was built in 2008 and comprises 98 assisted living and memory care units. The community was 97 percent occupied at the time of sale. Aaron Rosenzweig and Dan Baker of JLL represented the seller in the transaction.

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Clarion Partners Buys 137-Unit Seniors Housing Community in Spokane

Amy Works — Tue, 07 Apr 2026 13:07:09 +0000

SPOKANE, WASH. — Clarion Partners has acquired The Grand at Spokane, a luxury seniors housing property located in Spokane. Terms of the transaction were not disclosed. The Grand at Spokane offers 137 independent living, assisted living and memory care units. NexCore Group developed the community in 2024. Stellar Senior Living, the in-place operator, will continue to manage the community on behalf of Clarion, which is a specialty investment manager of Franklin Templeton.

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Greystone Provides $46.7M Refinancing for Minnesota Seniors Housing Portfolio

Kristin Harlow — Tue, 31 Mar 2026 13:52:51 +0000

MINNESOTA — Greystone has provided a $46.7 million bridge-to-HUD loan for the refinancing of a five-property seniors housing portfolio totaling 153 beds in Minnesota. David Young of Greystone originated the financing with assistance from colleagues Chris Clare, Ryan Harkins, Ben Rubin, Parker Nielsen and Liam Gallagher. The properties, consisting of 97 assisted living and 56 memory care beds, are located throughout the metro Twin Cities and are managed by a regional seniors housing provider. Structured as a 24-month, interest-only bridge loan with two six-month extension options, the financing enables the borrower to refinance existing bond debt and positions the portfolio for permanent HUD financing, according to Greystone.

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Seniors Housing Industry Faces Predicament of Strong Demand, Limited Supply

Kristin Harlow — Tue, 31 Mar 2026 12:30:00 +0000

Supply and demand dynamics within the seniors housing sector are at a crossroads, according to the Emerging Trends in Real Estate 2026 report produced by PwC and the Urban Land Institute. Like most commercial real estate property types, new supply is constrained due to increasing financing and construction costs. However, demand for senior living units continues to grow. According to the report, factors driving demand for seniors housing include a rapidly growing older adult population and an increase in older adults renting. The 75-plus age category is expected to grow by more than 4 million people by 2030, according to U.S. Census Bureau projections. The oldest baby boomers turn 80 in 2026. The National Investment Center for Seniors Housing & Care (NIC) expects that the limited new supply and steady demand will drive the average seniors housing occupancy rate above 90 percent in 2026, potentially reaching the highest occupancy rate reported in the 20 years that NIC MAP has tracked this data. Investors are poised to achieve strong returns. The National Council of Real Estate Investment Fiduciaries (NCREIF), which tracks the performance of institutional-grade U.S. commercial real estate, reports that seniors housing strongly outperformed all other property sectors in 2025,…

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Hudson Atlantic Negotiates $9.2M Sale of Multifamily Development Site in Paramus, New Jersey

Taylor Williams — Mon, 30 Mar 2026 13:10:59 +0000

PARAMUS, N.J. — Regional brokerage firm Hudson Atlantic Realty has negotiated the $9.2 million sale of a multifamily development site in the Northern New Jersey community of Paramus. The 9.9-acre site at 731 Pascack Road is fully approved for the development of a 162-unit, age-restricted project that will be known as The Residences at Joy Farms. Units will come in one- and two-bedroom floor plans, and amenities will include a fitness center, bar/kitchen area and indoor/outdoor social spaces. Adam Zweibel of Hudson Atlantic brokered the deal. The buyer and seller were not disclosed.

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United Properties Begins Development of 143-Unit Active Adult Community in Minnesota

Kristin Harlow — Thu, 26 Mar 2026 13:52:41 +0000

CORCORAN, MINN. — United Properties has broken ground on Amira Corcoran, a 143-unit active adult community in Corcoran, about 22 miles northwest of Minneapolis. The four-story development expands the Amira senior living portfolio in metro Twin Cities. The project will offer studio, one-, two- and three-bedroom apartments. Amenities will include a clubroom, fitness and yoga spaces, an arts and crafts studio, golf simulator lounge, walking trails and an outdoor amenity patio with a pool and hot tub. The first move-ins are anticipated in summer 2027. The project team includes architect Momentum Design Group, general contractor Eagle Building Co. and property manager Great Lakes Management.

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Landmark Properties Enters Seniors Housing Sector

John Nelson — Thu, 26 Mar 2026 13:21:46 +0000

ATHENS, GA. — Landmark Properties, an Athens-based residential developer primarily known for its nationwide portfolio of student housing communities, has announced its expansion into the seniors housing sector. The firm plans to pursue both ground-up development and acquisition opportunities in the senior living space. “Seniors housing sits at an attractive inflection point, having made a meaningful recovery from a unique black swan event and now exhibiting a pronounced supply-demand imbalance,” says Walt Templin, president and chief investment officer of Landmark. “This dynamic creates a compelling entry point for Landmark to leverage its vertically integrated platform.” Landmark has appointed Shashank Goel to lead the company’s entry into seniors housing. Goel will serve as senior director of U.S. seniors housing investment management. Goel, who has more than 10 years of experience in seniors housing, most recently served as assistant vice president at Harrison Street.

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Erickson Senior Living Breaks Ground on 1,000-Unit Independent Living Community in Metro Baltimore

John Nelson — Tue, 24 Mar 2026 14:22:29 +0000

CLARKSVILLE, MD. — Erickson Senior Living has broken ground on Oxford Hills, a new independent living community in Clarksville, roughly 30 miles southwest of downtown Baltimore. The 62-acre development is approved for more than 1,000 units upon full build-out. Amenities at the property will include multiple dining venues, under-building parking, an indoor pool, fitness center, outdoor gathering areas, classrooms and social spaces. Erickson Senior Living plans to open Oxford Hills in late 2028. Future additional phases will include assisted living and continuing care neighborhoods.

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Greystone Provides $46M Refinancing for Seniors Housing Portfolio in Ohio

Kristin Harlow — Mon, 23 Mar 2026 13:44:07 +0000

OHIO — Greystone has provided a $46 million bridge-to-HUD loan for the refinancing of a two-property seniors housing portfolio in Ohio. Christopher Clare, David Young, Ben Rubin, Ryan Harkins, Parker Nielsen and Liam Gallagher of Greystone originated the financing. The portfolio includes 118 skilled nursing units, 16 memory care units, 232 assisted living units and 10 independent living units. The bridge loan enables the borrower to refinance the properties and position the assets for long-term, HUD-insured permanent financing.

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Singh Development Delivers 95-Unit Luxury Seniors Housing Community in North Raleigh

John Nelson — Thu, 19 Mar 2026 14:41:35 +0000

RALEIGH, N.C. — Michigan-based Singh Development has completed Waltonwood Lead Mine, a 95-unit luxury seniors housing community located at 4510 Lead Mine Road in north Raleigh. Cline designed the property, which features assisted living and memory care residences. The community has the capacity for up to 100 residents and will be operated under Singh’s Waltonwood Senior Living brand. Amenities include a movie theater with a popcorn bar, restaurant-style dining room, bistro and a coffee nook. The project team also included Choate Construction, Lighthouse Engineering and structural engineer Hauser and Creech.

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Linc Housing Starts Construction on 64-Unit Affordable Seniors Housing Community in Long Beach

Amy Works — Thu, 19 Mar 2026 13:45:41 +0000

LONG BEACH, CALIF. — Linc Housing has started the construction of Armory Arts Collective, an affordable seniors housing property in Long Beach’s East Village Arts District. The development will transform the long-vacant former Armory building through adaptive reuse and add five stories of new residential construction. Upon completion, the project will deliver 64 residences for low-income seniors age 55 years or older earning between 30 percent and 70 percent of the area median income. Armory Arts Collective will feature 56 one-bedroom apartments and eight two-bedroom apartments, including a manager’s unit. Half of the homes will be fully wheelchair accessible and several will incorporate features to accommodate residents with hearing and visual impairments. Linc will convert portions of the historic 26,500-square-foot Armory, which was built in 1930, into a community room, arts and crafts studio, health and wellness space and bicycle storage. Additionally, residents will have access to a landscaped courtyard and outdoor deck. A resident services coordinator will bring programs and activities to the community spaces. Funding for the development includes $6.5 million from Long Beach Community Investment Co., a $5.2 million loan from the City of Long Beach, $6.2 million from the California Department of Housing and Community Development’s Multifamily…

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BWE Arranges Acquisition Financing for 142-Unit Seniors Housing Community in Metro Charleston

Abby Cox — Fri, 13 Mar 2026 13:11:15 +0000

SUMMERVILLE, S.C. — BWE has arranged an undisclosed amount of acquisition financing for The Claiborne at Brickyard Crossing, a 142-unit seniors housing community located in the Charleston suburb of Summerville. Taylor Mokris and Ryan Stoll of BWE arranged the loan through an unnamed national bank on behalf of the borrower, Chicago-based GEM Realty Capital. Opened in 2022, The Claiborne at Brickyard Crossing is an independent living, assisted living and memory care community. The complex includes salon services and social spaces, restaurant-style dining and wellness and fitness amenities, along with a heated, zero-depth swimming pool, golf simulator, covered parking garage and a fitness and yoga studio.

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