Financial

NEWTON CORNER, MA—Evans Park at Newton Corner, a Benchmark Senior Living assisted living and mind and memory care community, announced earlier this week a $13 million renovation project to modernize the 30-year-old assisted living with memory care community in Newton, MA. The project will create more spaces for residents to …

BETHESDA, MD—Walker & Dunlop, Inc. announced earlier this week that it closed a $46 million 232/223(f) refinancing of Terrace Portfolio, a group of four assisted living facilities located in New Hampshire and Vermont. Walker & Dunlop’s Frank Cassidy led the senior housing finance team in refinancing a bridge loan that …

WALTHAM, MA—The Benchmark One Company Fund, a nonprofit which provides grants to Benchmark Senior Living employees in times of need, reports that its associate and corporate donations increased by more than 41% to $667,000 in 2022. The One Company Fund is a senior living industry first, launched in 2008 to …

Long-term care workforce shortages were a major talking point and concern during the February Senate Health, Education, Labor and Pensions Committee hearing. These shortcomings are being referred to as the worst in all of health care. According to senior living advocates, there’s a shortage of 400,000 caregivers for older adults—and …

SEATTLE, WA—JLL Capital Markets announced earlier this week that it has arranged $51.8 million in construction financing for the development of Ativo of Albuquerque, a three-story, 144-unit senior living community in Albuquerque, NM. JLL represented the borrower, Link Senior Development, LLC, in securing the financing. Once completed, Ativo of Albuquerque …

NEWARK, DE—Kendal Charitable Funds awarded Academy of Hope Adult Public Charter School with the 2022 Promising Innovations Grant for $50,000. Every year, Kendal Charitable Funds—the charitable arm of senior living and aging service provider, The Kendal Corporation—seeks to put out a Request for Proposals focusing on a specific topic, and …

MARION, OH—More than $9,000 in grants have been awarded to four Dayton area nonprofit organizations to help fund programs aimed at addressing loneliness and social isolation. The grant was established after multiple Miami Valley community organizations, including presenting sponsor United Church Homes, came together to sponsor the Ohio premiere of …

DALLAS, TX—JLL Capital Markets announced last week that it has arranged a $175 million refinancing for a six-property seniors housing portfolio totaling 821 units across the southeast. The portfolio offers a mix of independent living, assisted living and memory care units. Five of the properties are recently completed, and the …

MORRISTOWN, NJ—JLL Capital Markets announced earlier this week that it has closed the $29.9 million sale of Royal Pines at Marlboro, an 89-unit 55+ multi-housing community in Englishtown, NJ. JLL represented the seller—a joint venture between GRJ and Castellan Real Estate Partners—in the sale to F.M. Ferrari Investments. Royal Pines …

ALEXANDRIA, VA—Goodwin Living, a not-for-profit, faith-based, regional senior living and health care services organization in the National Capital Region, announced that it has received a grant of $324,907.73 from the Centers for Medicare and Medicaid Services’ (CMS) Civil Monetary Penalties (CMP) Reinvestment program to extend their brain health program, StrongerMemory, to residents …