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Senior Living Dealbook: Front Porch Acquires Development Company; Walker & Dunlop Arranges $40M loan

Transactions

Front Porch acquires development advisory company

Front Porch Communities and Services has acquired development advisory company Arch to serve as its in-house development company.

Alongside managing Front Porch’s capital projects, Arch will “support existing clients and foster new ones, managing building projects in senior, learning and healing environments,” according to a press release.

Arch President Frank Muraca will join Front Porch as chief development officer as well as continuing in his current role at the company he founded, the release states. 

Benchmark expands in New Jersey

Benchmark Senior Living and real estate investment firm National Development expanded into New Jersey with the acquisition of Arbor Terrace Roseland.

Following the acquisition, the community was renamed to Benchmark at Roseland, a press release states.

The acquisition was completed through a joint venture between National Development and Benchmark with financing provided by Synovus Bank, the release states. Benchmark is also developing Benchmark at Scotch Plains, which will open in 2026 and Benchmark at Cedar Grove, which is set to open in 2027.

Blueprint advises on Class A sale

Blueprint advised on the sale of The Enclave of East Louisville, a Class-A assisted living and memory care community.

The transaction was completed on behalf of a repeat private equity client, according to a press release.

The deal was Blueprint’s fifth transaction in the region in September.

Management

12 Oaks retains management following ownership change

12 Oaks Senior Living is retaining the management of Reunion Court of Clear Lake in the Clear Lake area of Houston following an ownership transition.

“By retaining our management role and bringing our regional resources to bear, we will work closely with the new ownership to further enhance the care environment, expand resident engagement, and maintain the exceptional standard of service that families have come to expect,” Greg Puklicz, president of 12 Oaks Senior Living, said in a press release.

By maintaining management, 12 Oaks strives to ensure a seamless transition for residents and staff, according to the release.

Financings

Walker & Dunlop arranges $40M loan

Walker & Dunlop arranged $40 million in debt and equity for the construction loan of an affordable senior living development in Hyattsville, Maryland.

The Highlands will feature 137 units of one- and two-bedroom apartments, the majority of which will be restricted at 60% area median income.

The W&D affordable debt team was led by PJ McDevitt, according to a press release. W&D affordable equity team member Macy Kisilinsky arranged the debt placement and equity syndication for the project, the release states.

MidCap Financial closes on $17.5M first mortgage

MidCap Financial, a finance company focused on middle market transactions, closed on a $17.5 first mortgage loan.

The loan refinanced existing indebtedness on a stabilized Class A senior housing community in the Boise, Idaho market, according to a press release.

MidCap Financial originated the transaction with Aron Will & Tim Root at CBRE, the release states.

Berkadia secures $1.5B in third quarter

Berkadia completed $1.54 billion in financing for senior housing operators in the third quarter of 2025.

The firm facilitated $350 million in PLG Bridge with participations, $258 million in HUD 232/223(f) financings and $934 million in GSE and third-party placements, a press release states.

The financings aided 88 properties in total, according to the release.

Rebrands

Sunrise Senior Living rebrands independent living community

Sunrise Senior Living has rebranded its Battery Park by Sunrise community to The Capstone Battery Park City.

The new identity is the first part of “an exciting first step in a new phase of independent senior living in Downtown Manhattan,” a press release states.

The rebrand is part of a multi-phase renovation plan meant to “provide maximum functionality and operational efficiency, both expanding the potential of the space and epitomizing what an independent senior living environment should be,” the release states.

Partnerships

Parasol Alliance partners with Carevocacy

Parasol Alliance, a technology service provider in senior living, has partnered with Carevocacy to launch a pilot of digital literacy and engagement tool Apo AI in two communities.

The six month pilot will include 150 residents across the Evergreen and ClarkLindsey communities, where they will “engage with Apo AI via a simple SMS-based chatbot,” according to a press release.

“Apo AI is the first resident-focused AI product designed specifically for older adults living in senior communities,” Stefano Selorio, founder and CEO of Carevocacy, said in the release.

The post Senior Living Dealbook: Front Porch Acquires Development Company; Walker & Dunlop Arranges $40M loan appeared first on Senior Housing News.

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