CHICAGO, IL—JLL Capital Markets announced last week that it has closed the sale of and acquisition financing for the Oaks of Shorewood, a 101-unit luxury, age-restricted (55+) multi-housing community in Shorewood, WI. Weidner Apartment Homes acquired the property. JLL worked on behalf of the new owner to originate a Fannie …
Read More »Watermark Retirement Communities Assumes Management of Almaden in San Jose
SAN JOSE, CA—Watermark Retirement Communities—the nation’s 10th-leading senior housing operator—has taken over operations for the Almaden at San Jose, CA, now known as The Watermark at Almaden. Under the agreement, Watermark is managing all aspects of the community’s operations, and introducing its signature programs, fine amenities, integrative wellness and exceptional …
Read More »12 Oaks Senior Living Adds San Antonio Community to Its Management Portfolio
DALLAS, TX—12 Oaks Senior Living continues to expand its relationships and regional footprint with an additional 166-unit independent and assisted living community, The Inn at Los Patios, located in San Antonio, TX. 12 Oaks Senior Living, along with the San Antonio Community Development Council, Inc. (a local nonprofit), intends to …
Read More »Castle Lanterra Active Adult Grows Portfolio With Third 55+ Residential Community Acquisition in 2022
TOMBALL, TX—Castle Lanterra Active Adult, a division of Castle Lanterra (the New York-based national real estate investment firm), announced last week its third major acquisition in the active adult multifamily (55+) asset class, with the purchase of Laurel at Vintage Park in the Houston, TX suburb of Tomball. With this …
Read More »Age-Restricted Multi-Housing Community in New Jersey Trades for $29.9M
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 …
Read More »12 Oaks Senior Living Adds Additional Community to Its Management Portfolio
DALLAS, TX—12 Oaks Senior Living continues to expand its relationship with current clients to manage an additional assisted living and memory care community, Copper Canyon Memory Care & Transitional Assisted Living in Tucson, AZ. 12 Oaks Senior Living intends to expand and enhance the service offerings at this community, while …
Read More »Five Companies Partner Together To Preserve Affordability of Senior Housing in Irvine, California
IRVINE, CA—Asland Capital Partners, a private real estate investment firm specializing in multifamily and mixed-used investments; Fairstead, a purpose-driven, vertically-integrated real estate company; women- and minority-owned real estate platform iimpact Capital; global real estate manager Nuveen Real Estate; and Innovative Housing Opportunities (IHO) announced earlier this week the acquisition of …
Read More »The Mogharebi Group Brokers $41.25 Million Sale of 118-Unit Senior Housing Portfolio in San Jose, CA
COSTA MESA, CA—The Mogharebi Group (TMG), on behalf of ROEM Development, has arranged the $41.25 million sale of a two-property, 118-unit senior affordable housing portfolio in San Jose, California. Built in 2001 and 2003 by ROEM, Monte Vista Gardens Senior 1 and 2 have a total of 118 units across …
Read More »Seniors Housing Community in Dallas-Fort Worth Suburb Sold
DALLAS, TX—JLL Capital Markets announced earlier this week that it has closed the sale of Quail Park of Granbury, a 75-unit independent living, assisted living and memory care community in Granbury, Texas, which is a growing suburb of Dallas-Fort Worth. JLL represented the seller, Living Care Lifestyles, in the sale …
Read More »Messiah Lifeways and Menno Haven Explore Possible Affiliation
MECHANICSBURG, PA—Two thriving, faith-based providers of senior care services recently announced their intent to explore the possibility of joining forces. Mechanicsburg-based Messiah Lifeways and Chambersburg, Pennsylvania-based Menno Haven have entered into a memorandum of understanding to explore a possible affiliation. “A combined organization would not only provide greater strength today, …
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