Development Underway for New Fairfield County CCRC
A new CCRC is under construction in our backyard in Stamford, Connecticut (figurative backyard from our headquarters in New Canaan). Mozaic Senior Life (formerly Jewish Senior Services) is building Mozaic Concierge Living, a CCRC that will offer 168 independent living units, along with assisted living, memory care and skilled nursing. The project has been years in the making and is the product of a coordinated effort between Mozaic, development consultant Greenbrier and investment banking firm HJ Sims (another Fairfield County firm). Greenbrier has supported the development from early site evaluation and financial modeling through sales strategy and design. They will also take on a... Read More »
Planned Florida Community Lands Bond Backing
JLL Securities and HJ Sims, in collaboration with JLL Capital Markets’ Seniors Housing team, arranged $134.26 million of senior series 2025A bonds for a seniors housing community that will be built in Orlando, Florida. The publicly offered, tax-exempt financing has a final maturity of 40 years. Greg Fawcett of JLL Securities, Aaron Rulnick, Kerry Lewandowski and Brady Johnson of HJ Sims, and Alanna Ellis and Timothy Hosmer of JLL Capital Markets’ Seniors Housing team originated the financing. The borrower was Trinity Community Development Foundation, a not-for-profit entity formed by Trinity Broadcasting Network. This transaction marked the start-up senior living enterprise’s entrance... Read More »
New Construction Development Secures Financing
National CORE is launching its first new construction development in Fort Myers, California. This community marks National CORE’s first venture into new construction outside California. This development, as well as a second proposed community, Hawthorne Heights in Gainesville, will nearly double the company’s footprint in Florida. Oak Park Senior Living will be an affordable seniors community with 144 units for seniors aged 62 or older that earn between 30% and 65% of the area median income. The community will offer 124 one-bedroom units and 20 two-bedroom units in one, four-story building. KeyBank Community Development Lending and Investment provided $16 million in low-income... Read More »
Solinity’s New Development
Solinity has partnered with the Scott County Economic Development Authority to develop a 100-acre multigenerational, mixed-use community in Scott County, Virginia, called Riverside. The development will feature a range of housing options, including age-restricted housing, such as active adult, independent living, assisted living and memory care units. Additionally, the community will offer non-age-restricted housing, workforce housing, restaurants, retail spaces, a children’s daycare and green spaces. Solinity has selected DKLEVY as the architectural and design firm for the master plan, and Solinity Marketing is the agency responsible for branding and marketing the project. A key... Read More »
Washington D.C. Area Community Secures Construction Financing
BWE arranged financing for The Reserve at Falls Church, a 215-unit senior living community in the West Falls mixed-use neighborhood. Ryan Stoll and Taylor Mokris facilitated the construction financing for this project, which is being financed by a syndication of commercial banks including Live Oak Bank and Huntington Bank. The loan features a five-year initial term with 48 months of interest-only payments. The Reserve will offer independent living, assisted living and memory care across 15 stories. It’s being developed by NexCore Group and its seniors housing operator, Experience Senior Living. NexCore partnered with an affiliate of Nuveen Real Estate to capitalize the project. This marks... Read More »Schedule a demo
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