Multicultural Senior Community Under Construction in Midwest

A unique senior living community is nearing completion in the Chicago suburb of Schaumburg Township, Illinois, under the guidance of active adult developer Aman Living. Designed to appeal to varying cultures, including Indian, Asian and American, this community will feature a continuum of care that includes 55 townhomes in 12 buildings, 75 condominiums in a […]

Zom Living Enters the Senior Living Market

A major seniors housing development is about to break ground in Palm Beach County, Florida, after the developers finalized the purchase of a 46-acre plot in a transaction handled by Charlie Hilding, Mark Myers and Josh Jandris of Institutional Property Advisors, a division of Marcus & Millichap. Additionally, Ryan Nee of Marcus & Millichap’s Fort […]

Another Civitas Development in the Lone Star State

Civitas Senior Living may have already expanded outside its home state of Texas, with three existing communities and four more on the way in Florida, Kentucky, Colorado and Arizona, but the Fort Worth-based company is coming home for its latest development. The 188-unit community, located in the Red Oak suburb of Dallas, will feature independent […]

Love Funding in the Last Frontier

Love Funding secured financing for the Last Frontier’s newest assisted living community. Located in Anchorage’s U-Med district (and less than two miles from three hospitals), the community is being purpose-built by Baxter Senior Living as a high-end assisted living option for Alaskans. Along with 63 private AL and 33 private and semi-private memory care units, […]

Dekel Capital Refinances New Development

As a newly developed assisted living/memory care community in Fresno, California, continues its march towards stabilization, its owners refinanced the existing construction loan with the help of Dekel Capital. The Los Angeles-based real estate merchant bank placed a $14.1 million bridge loan, with a 25-month interest-only term, at approximately 65% loan-to-value to provide funding through […]

New Seniors Housing Investor In The Old Dominion

There’s a new entrant in the seniors housing industry by the name of Bonaventure Realty Group. Coming from the multifamily space, like many new seniors housing investors these days, Arlington, Virginia-based Bonaventure plans to open its first independent living community further south in the town of Henrico (Richmond MSA). Featuring 148 one- and two-bedroom units, […]

New Skilled Nursing Construction in Florida

Most of the attention in the Florida development market has gone to assisted living and memory care. Rightfully so. But a brand-new skilled nursing facility is going up in Lakeland, Florida, courtesy of Greystone Healthcare Management and Lake Gibson Village. The 120-bed facility will be located within the existing Lake Gibson Village independent living/assisted living […]

CBRE Rocks Plymouth, Michigan Deal

After opening in 2017, and already filling up, a senior living community in Plymouth, Michigan (Detroit MSA) refinanced its construction debt with the help of Aron Will of CBRE. Developed by a joint venture between Boston-based private equity firm Blue Moon Capital Partners and Troy, Michigan-based operator Cedarbrook Senior Living, the community features 98 independent […]