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Seniors Housing

Alamitos-West-Health-Rehab-Center-Los-Alamitos-CA
AcquisitionsCaliforniaMultifamilySeniors HousingWestern

Marcus & Millichap Arranges $34.5M Sale of Two Seniors Housing Properties in Los Alamitos, California

by Amy Works

LOS ALAMITOS, CALIF. — Marcus & Millichap has brokered the $34.5 million all-cash sale of two senior living properties located in Los Alamitos. The properties include Alamitos West Health & Rehabilitation Center, a 142-bed skilled nursing facility, and Katella Senior Living, a 73-unit, 77-bed assisted living and memory care community. International Equity Partners was the buyer. Nick Stahler, Michael Mooney and Hap Knowles of Marcus & Millichap represented the undisclosed seller in the transaction. Stahler procured the buyer. Tony Solomon is Marcus & Millichap’s broker of record in California. 

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Affordable HousingDevelopmentFloridaLoansSeniors HousingSoutheast

Green Mills Breaks Ground on $26M Affordable Seniors Housing Community in Central Florida

by John Nelson

OSCEOLA COUNTY, FLA. — Green Mills Group has broken ground on a $26 million affordable seniors housing community in unincorporated Osceola County. Dubbed Poinciana Parc, the midrise property will comprise 86 units and amenities including a fitness center, business center, club/game room, laundry room and a swimming pool. The Florida Housing Finance Corp. awarded the project a 9 percent tax credit allocation in May 2023. Additional capital partners on Poinciana Parc include TD Bank, Raymond James Affordable Housing Investments and Neighborhood Lending Partners.

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The-Meadows-Lake-Forest-CA
Affordable HousingCaliforniaDevelopmentMultifamilySeniors HousingWestern

C&C Development, Riverside Charitable Corp. Open Affordable Seniors Housing Community in Lake Forest, California

by Amy Works

LAKE FOREST, CALIF. — C&C Development and Riverside Charitable Corp. have opened The Meadows Senior Apartments in Lake Forest, an affordable housing community for residents 62 years and older. Located within Toll Brothers’ Meadows master-planned community, The Meadows Senior Apartments offers 65 units designed for seniors earning 30 percent to 60 percent of the area median income (AMI). The two-story building offers units ranging in size from 600 square feet to 800 square feet, all of which are ADA-accessible and adaptable. The property offers community space with grassy areas, verandas and pickleball courts and a common amenity space with a kitchen, laundry room, leasing office, supportive services manager office and outdoor verandas with a barbecue pavilion. The property is also located adjacent to a community park and dog park. Residents will receive onsite supportive services from LifeSTEPS. Services will consist of educational classes and health-and-wellness programs. Financing for The Meadows consists of LIHTC (low-income housing tax credit) funding through the California Tax Credit Allocation Committee, California Debt Limit Committee and California Statewide Communities Development Authority. Bank of America also provided a construction and permanent loan. Additional financing was provided by the City of Lake Forest, The County of Orange, Calif., OC …

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AcquisitionsMultifamilySeniors HousingTexas

SLIB Negotiates Sale of 120-Bed Skilled Nursing Facility in Lubbock, Texas

by Taylor Williams

LUBBOCK, TEXAS — Senior Living Investment Brokerage (SLIB), has negotiated the sale of Bender Terrace, a skilled nursing facility located in the West Texas city of Lubbock. Situated on 2.7 acres, the property comprises roughly 45,000 square feet and 120 beds. A local independent owner sold the facility to a national owner-operator. A regional operator was leasing the property at the time of sale. Matthew Alley and Ryan Saul of SLIB arranged the transaction.

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Rodeo-Gateway-Rodeo-CA
CaliforniaDevelopmentMultifamilySeniors HousingWestern

EAH Housing Reopens Rodeo Gateway Seniors Housing Community in Rodeo, California

by Amy Works

RODEO, CALIF. — EAH Housing has reopened Rodeo Gateway, a seniors housing property in Rodeo, after implementing interior and exterior upgrades to residences and common spaces. Rodeo Gateway features 49 one-bedroom apartments for seniors aged 62 and older and a two-bedroom manager’s unit. Community amenities include a landscaped courtyard, tree-lined walkways, comfortable seating areas and resident amenities, including a sunroom, computer lab and fully equipped community kitchen. The rehabilitation included upgraded residences with new energy-efficient appliances, high-efficiency LED lighting, new flooring and updated kitchen and bathroom cabinetry, sinks and fixtures; enhanced ADA-compliant amenities, including roll-in showers and improved mobility features; and a newly designed community room with new furnishings, flooring, paint and window coverings. Additional enhancements include improved air circulation in common hallways and new security features, such as an updated entry call system with key fob access and a new Wi-Fi system.

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Senior-Living-Community_King-of-Prussia
AcquisitionsMultifamilyNortheastPennsylvaniaSeniors Housing

Blueprint Negotiates Sale of 190-Unit Senior Living Community in Metro Philadelphia

by Taylor Williams

KING OF PRUSSIA, PA. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a 190-unit seniors housing community located in King of Prussia, roughly 20 miles northwest of Philadelphia. The unnamed property, which according to Blueprint was not stabilized at the time of sale, opened in 2021 and offers assisted living and memory care services. Alex Florea, Kevin Lukehart, Steve Thomes and Kory Buzin of Blueprint represented the seller, an undisclosed private equity investor, in the transaction. The buyer was also not disclosed.

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Woodland-Cottages-Westover-Hills-San-Antonio
Build-to-RentDevelopmentMultifamilySeniors HousingSingle-Family RentalTexas

Carbon Shepherd Begins Leasing 78-Unit Seniors Housing Property in San Antonio

by Taylor Williams

SAN ANTONIO — Dallas-based Carbon Shepherd Development has begun leasing a 78-unit seniors housing property in the Westover Hills area of San Antonio. Woodland Cottages Westover Hills offers one- and two-bedroom residential-style cottages that are furnished with stainless steel appliances and full-size washers and dryers, with attached garages and fenced backyards available in select residences. Amenities include a pool, clubhouse with a game room and a fitness center. Rents start at $2,700 per month for a one-bedroom home.

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DevelopmentMultifamilySeniors HousingTexas

Thrive Senior Living, Orison Holdings to Open 75-Unit Complex in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — A partnership between Atlanta-based owner-operator Thrive Senior Living and locally based investment and development firm Orison Holdings will open Sagewood at Heritage Glen, a 75-unit complex that will be located in Fort Worth. The property will offer 50 assisted living suites and 25 memory care suites. Arrive Architecture Group designed the facility, which is scheduled to open in 2026.

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DevelopmentMidwestMissouriMultifamilySeniors Housing

Avenue Opens 161-Unit Active Adult Community in Suburban St. Louis

by Kristin Harlow

ST. PETERS, MO. — Seniors housing developer Avenue has opened its first Viva Bene active adult community in the St. Louis suburb of St. Peters. Viva Bene is Avenue’s active adult brand and is focused on offering midmarket-priced rental rates. At nearly 200,000 square feet, the St. Peters property offers 161 units. In the three months since its soft opening, the community is 50 percent leased. In addition to providing readily available preventive healthcare, Viva Bene provides a holistic wellness hub with fitness, yoga and meditation classes, a fully appointed gym, healthy cooking workshops and other wellness-focused experiential education. Residents can enjoy pools, pickleball courts and picnic areas. Unique to the Viva Bene model is a third-party collaboration with Sevi Health for preventive health services. Residents can opt to receive care navigation and chronic care management services from Sevi Health and also access primary care from the medical practice’s providers. Viva Bene leases are based on each metropolitan area’s midmarket rental pricing. At Viva Bene St. Peters, one-bedroom units start in the $1600s per month. Garage parking and additional storage units are the only add-on fees. This differs from continuum-of-care communities where monthly prices average $3,450 and fees for buy-in …

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The Village at Gainesville
AcquisitionsFloridaMultifamilySeniors HousingSoutheastTop Stories

SantaFe Healthcare Sells 100-Acre Senior Living Property in Gainesville, Florida

by Channing Hamilton

GAINESVILLE, FLA. — Continuum Advisors has arranged the sale of The Village at Gainesville, a 639-unit seniors housing community in Gainesville. SantaFe Healthcare Inc. sold the 100-acre asset to funds managed by Fortress Investment Group for an undisclosed price. The Village at Gainesville consists of nine residential buildings — six independent living, one assisted living and two memory care — and several community clubhouses with amenities. Eighty percent of the residences are dedicated to independent living. Continuum states that the property is considered one of the largest seniors housing rental communities in the United States. According to the property website, amenities include a fitness center with trainers, pool with a hot tub, tennis and pickleball courts, a reading room, hair salon, woodshop, housekeeping services and internet access.  The community also offers scheduled transportation throughout the grounds and off-campus. The property sits across from Santa Fe College, a two-year community college, and within five miles of the University of Florida. SantaFe Healthcare has owned and managed The Village at Gainesville for more than 30 years and has overseen three expansion projects at the community from 1986 through 2009. The locally based healthcare owner-operator injected capital expenditures of $3 million annually into the …

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