• Grace Management Adds Five Ventas Communities

    by | Nov 14, 2025 2:25 pm | Acquisitions

    Grace Management expanded its relationship with Ventas, adding five seniors housing communities owned by the REIT to its operating portfolio. The communities were previously managed under a triple-net lease structure. They include Brookdale Lake Shore Drive in Chicago, Illinois, Brookdale Northbrook in Northbrook, Illinois, Brookdale Springs Mesa... Read More »

  • Seller Boosts Census Ahead of Sale to JV

    by | Nov 14, 2025 2:22 pm | Acquisitions

    Senwell Senior Investment Advisors sold Rose Hill Retirement Community, a 66-unit, 87-bed assisted living community in Marion, North Carolina. Originally built as a hospital, Rose Hill has been transformed by the seller over the past two decades into a senior care community. After a previous attempt to sell the community was unsuccessful,... Read More »

  • Joint Venture Buys Orange County Community

    by | Nov 14, 2025 2:21 pm | Acquisitions, Financings

    A high-end seniors housing community in Orange County sold with the help of CBRE National Senior Housing. Aron Will and John Sweeny represented the joint venture seller in the deal, while Will and Matthew Kuronen arranged acquisition financing from a national bank. The loan came with a four-year term, a full term of interest only and a floating... Read More »

  • Developer Secures Construction Financing

    by | Nov 14, 2025 2:20 pm | Developments, Financings

    JLL Capital Markets arranged a $47 million construction financing for The Arbella at Blue Hills, a 164-unit, active adult community to be developed in Bloomfield, Connecticut. JLL worked on behalf of the developer, The United Group of Companies, Inc. (United Group) to secure the construction loan through Liberty Bank of Middletown, Connecticut.... Read More »

  • Midwest-Based Operator Refinances AL/MC Communities

    by | Nov 14, 2025 2:19 pm | Financings

    MONTICELLOAM, LLC, along with firm affiliates, provided a $28.5 million senior bridge financing for two Midwest seniors housing communities. The financing was originated by Karina Davydov, Senior Managing Director, Originations. The sponsor, a Midwest-based operator with a portfolio of over 40 seniors housing and healthcare properties and a... Read More »
Watercrest Expands Into Virginia

Watercrest Expands Into Virginia

by | Jan 15, 2021 11:31 am | Developments

Watercrest Senior Living Group announced the groundbreaking of its first seniors housing community in the state of Virginia. This will also be the furthest north development in Watercrest’s portfolio, so far, as the Florida-based developer/operator has plans to expand its Mid-Atlantic offering. In yet another first, Harbert Seniors Housing Fund II is beginning its relationship with Watercrest on this development.  Set in Richmond, the community will feature 98 units of assisted living and memory care plus many of the luxury amenities typical of a Watercrest community, including a fireplace, theater, salon/spa, a scotch and cigar... Read More »
IDB Bank Arranges Loan for Florida Facility

IDB Bank Arranges Loan for Florida Facility

by | May 30, 2019 2:38 pm | Financings

Watercrest Senior Living Group’s first-ever “Market Street” senior living community located in Viera, Florida, recently refinanced with the help of Israel Discount Bank of New York (IDB Bank). Opened in 2016 under Watercrest’s new stand-alone memory care brand, the 60-unit community experienced a quick lease-up, reaching 50% occupancy in the first five months after opening. Things clearly have gone smoothly since, as it is now refinancing with a $10.7 million loan structured by IDB Bank. Lisa Silvers, senior vice president of healthcare lending, handled the transaction. Read More »
BMO Harris Bank Finances Watercrest’s Latest Senior Living Development

BMO Harris Bank Finances Watercrest’s Latest Senior Living Development

by | Jan 18, 2019 7:00 am | Developments, Financings

Watercrest Senior Living Group’s latest development in Florida just obtained a construction loan courtesy of BMO Harris Bank’s Healthcare Real Estate Finance group. The community just broke ground last August and is anticipated to open in Summer 2020 with 72 independent living, 96 assisted living and 30 memory care units. Watercrest is developing the community in partnership with United Properties, after previously collaborating on a senior living development down the coast in Naples, Florida (expected to open this year). BMO arranged a $46.5 million loan to fund the Sarasota construction. Read More »
PGIM Arranges Refinance of Watercrest Community

PGIM Arranges Refinance of Watercrest Community

by | Nov 14, 2018 7:01 am | Financings

One of Watercrest Senior Living Group’s success stories just reached stabilization and refinanced with the help of Chris Fenton of PGIM Real Estate Finance. Developed at an approximate cost of $17 million, or $191,000 per unit, in Sebastian, Florida, the 89-unit property opened in May 2016 and shot out of the gates in its lease-up, reaching 62% occupancy by August of that year. Since then, the community has fully stabilized and became eligible for permanent financing. To refinance an existing bank loan from Community & Southern Bank (now Bank of the Ozarks), PGIM originated a $10 million Freddie Mac loan, with a variable rate, seven-year term and 20 years of amortization at... Read More »
Where There’s a Will, There’s a Waypoint

Where There’s a Will, There’s a Waypoint

by | Apr 26, 2018 2:53 pm | Acquisitions

There’s a new entrant in the seniors housing industry. Real estate investment manager Waypoint Residential, predominantly focused on conventional multifamily and student housing, just made its first acquisition of a senior living community in the town of Starkville, Mississippi (home of Mississippi State University), for $22.7 million, or about $276,800 per unit. Developed in January 2016 by CR Properties, LLC and Blake Management Group, this community has 14 independent living, 43 assisted living and 25 memory care units. After already bringing occupancy to 100%, Blake Management Group will continue to manage the community. Josh Randolph of Colliers International represented the seller in... Read More »