• Healthcare REIT Divests SNF to In-Place Operating Partner

    by | Apr 17, 2026 4:05 pm | Acquisitions

    Senior Living Investment Brokerage returned to West Des Moines, Iowa, to sell a skilled nursing facility that it had previously sold in 2019. A healthcare REIT was the buyer back then and is now selling the facility to its in-place regional operating partner. Built in 2004, Arbor Springs features 56 beds on an attractive four-acre campus about 10... Read More »

  • Near-Stabilized AL/MC Community Lands Refinance

    by | Apr 17, 2026 12:18 pm | Financings

    Carnegie Capital closed a bridge refinance for a 50-unit assisted living/memory care community in the Houston, Texas MSA. Four years ago, the property was bought by a California-based operator with a growing footprint in Texas. Performance was approximately two to three months from stabilization, but with the acquisition loan maturity looming, a... Read More »

  • Record-Setting HUD Express Lane Application to Commitment

    by | Apr 17, 2026 12:15 pm | Financings

    Cambridge Realty Capital provided a $6.15 million loan to refinance Avalon Memory Care Keller, a 50-bed stand-alone memory care community in Keller, Texas (Dallas-Fort Worth MSA). The fully amortized, 35-year HUD loan was provided for the owner, a Texas limited liability company, that wished to recast bank debt into a long-term non-recourse... Read More »

  • Large Healthcare Owner Receives Financing

    by | Apr 17, 2026 12:14 pm | Financings

    An owner of more than 80 healthcare properties spanning nine states secured bridge and working capital financing for its skilled nursing portfolio in Washington. The financing includes a $40 million bridge loan and a $6 million working capital line of credit, with a 36-month initial term. MONTICELLOAM provided the funding. Read More »

  • Out-of-State Owner Divests to Investor

    by | Apr 16, 2026 3:07 pm | Acquisitions

    A couple of assisted living and memory care communities in Eastern Tennessee recently traded hands. The two properties comprise more than 100 units. A Chicago-based investor aligned with the seller’s long-term vision for the communities acquired the assets, and partnered with a regional operator that was looking to grow their presence in the... Read More »

Milwaukee’s “green” achievements

by | Feb 27, 2014 2:14 pm | Developments

Milwaukee is setting a “green” standard for affordable senior housing development, as exemplified by Westlawn Gardens, a 345-unit public housing project, and Olga Village, a 37-unit apartment building for low-income seniors on the city’s south side. Westlawn Gardens, part of a neighborhood revitalization project, achieved LEED-ND (Neighborhood Development) Stage 3 Silver Certification, the highest rating for neighborhoods under current LEED standards. It is the world’s first development to achieve that rating, which recognizes smart growth and green building practices in an urban environment. The neighborhood includes a 30,000 square-foot community garden, a sustainable food production... Read More »

Spotlight on Co-ops

by | Feb 13, 2014 5:59 pm | Developments

A senior housing co-op recently broke ground in Oakland, California, the first of its kind in the Bay Area. Elder Village Development, a part of Alameda Elder Communities, is the developer of the $21 million project, which is being built on the site of a local restaurant that burned down in 2010. The 41-unit retirement community, appropriately named Phoenix Commons, is part of a larger objective by city officials to revitalize Oakland’s waterfront. Elder Village believes that Phoenix Commons’ design and co-op model will allow seniors to more easily interact but still maintain the privacy of living in their own home. Each one- or two-room unit, ranging from 630 to 1,100 square feet, comes... Read More »

Spotlight on Texas

by | Feb 13, 2014 5:10 pm | Developments

For several reasons, Texas has become the most attractive state for private developers to build senior living communities. Zoning laws in Texas are more lax than in most states, making it easier—and usually less expensive—to build. The state is growing rapidly in population, claiming eight of the nation’s top 15 growing large cities in 2012, according to the Office of the Governor, Economic Development & Tourism fo the State of Texas. Caddis Partners, Thrive Senior Living, Galier, Tolso and French Design, Stroud Development, America Development, and Belmont Village Senior Living are major builders in the state, constructing more than 3,300 units based on recently revealed information.... Read More »

Spotlight on Stroud Development

by | Feb 13, 2014 7:01 am | Developments

To kick off our inaugural issue, we are putting the spotlight on one of the most active developers of 2013 in one of the most active states for senior housing development (see below). Stroud Development, an affiliate of Stroud Properties based in Dallas, centers most of its construction activity in the Lone Star State. With its development partner McFarlin Group, Stroud recently developed five Orchard Park assisted living and memory care facilities in Kyle, Katy, Odessa, Pearland, and Victory Lakes, Texas. Each project cost an estimated $14 million and was financed through local/regional banks and HUD 232 LEAN program loans. Since 1990, Stroud Development has developed 28 properties... Read More »