Property worksheet

A February 2026 court-related report identifies a dispute concerning the proposed sale of an assisted living facility in Toms River but does not establish a completed transfer or price. NJ licensing identifies Alcoeur Gardens at Toms River as a 19-bed residential dementia care home. Beds are incompatible with the subject's residential-unit basis, so units is null. Conveyance scope remains unresolved; a right of first refusal was at issue.

Very close Ocean County location and senior-care use, but memory-care-only, residential-home format and much smaller than the 99-unit subject.

Springpoint, the tenant in place, acquired the existing 2022-delivered facility. Price and street address were not disclosed. The transaction appears to include the senior-housing real estate/leasehold ownership interest; no separate allocation for business, equipment or license was reported.

Same assisted-living/memory-care use in neighboring Monmouth County; 60 residences are smaller but reasonably comparable to 99 units.

Sage Healthcare Partners acquired the operating community from United Methodist Communities for $18.3 million. Built in 1949 on 1.9 acres. Reported price was $139,000 per unit. No separate business, FF&E or license allocation was disclosed.

Same care spectrum, coastal Central New Jersey location and a 131-unit capacity close to the subject's scale.

An affiliate of Carlyle Group acquired Kensington Court from TAK Group. The existing 2001-built facility contains 118 units and 121 beds; units follows the subject's residential-unit basis. Price was undisclosed. No separate allocation for operations, FF&E or license was reported.

Same use, nearby Monmouth County and highly comparable 118-unit/91,000-SF physical scale.

Inspired Healthcare Capital acquired Homestead at Hamilton for $97.5 million. The transaction involved the 195-unit existing senior-housing community on 20 acres. It includes independent living, making it broader than the subject. No separate allocation for business, FF&E or assisted-living license was disclosed.

Central New Jersey senior-care transaction with assisted living and memory care; 195 units and approximately 220,000 SF are near the upper end of the requested size range.

Provident Bank sold the closed former Canterbury Village to a private senior-living operator. The buyer planned renovations while retaining senior-living use. The single-story building exceeds 30,000 SF on two acres. Price was undisclosed; 53 licensed beds were reported in addition to 44 units.

Same assisted-living use in New Jersey, but northern location, closed status and substantially smaller physical scale.

UNPPG Management acquired the property from a court-appointed receiver during bankruptcy. The community includes 100 independent living, 43 assisted living and 21 memory care units. Price was undisclosed. Transaction was a distressed existing-facility sale; no separate business, FF&E or license allocation was stated.

Existing New Jersey senior-care facility with assisted living and memory care, but South Jersey location and a large independent-living component reduce similarity.

An affiliate of Maxwell Group and Senior Living Communities acquired Laurel Circle. Mix: 183 independent-living apartments, 19 independent-living villas, 30 assisted-living residences, 10 memory-care units and 28 skilled-nursing units. Price was undisclosed. A related state notice indicates the real estate would be leased under a master-lease structure.

New Jersey transaction containing assisted living, but the 270-unit full-continuum campus is materially larger and operationally broader than the subject.

LCS Companies acquired Arbor Glen for $39.7 million. The source also reports an $8 million capital adjustment, producing a $47.7 million adjusted purchase figure; $39.7 million is retained as the reported sale price. Facility-level residential unit count was not established in this source.

Repeat sale of a New Jersey continuum campus containing assisted living, but materially larger and broader in use than the subject.

JLL arranged the sale of the 2021-developed, two-story community. Price, buyer and seller were not reported in the available evidence. The reported 88 residences use the same unit basis as the subject. No separate business, equipment or license allocation was disclosed.

Strong use and 88-unit size similarity within New Jersey, offset by the distant northern New Jersey location and newer construction.

Benchmark Senior Living and National Development acquired the existing 85-unit community and renamed it Benchmark at Roseland. Synovus Bank financed the acquisition. Sale price and any allocation to business, equipment or license were not reported.

Very similar 85-unit assisted-living/memory-care property in New Jersey, but located in the northern New Jersey market.

Brandywine Living acquired Acorn Glen in partnership with Welltower. Price, residential-unit count, building area and transaction allocations were not disclosed. The evidence indicates an operating-community acquisition rather than a development site.

Same assisted-living use in Central New Jersey, but capacity and building area were not established.

Brandywine Living acquired Spring Meadows at Summit in partnership with Welltower. Price, unit count, building area and allocations among real estate, business, FF&E and license were not disclosed.

Same assisted-living use within New Jersey, but northern location and missing capacity/building data limit comparability.

Chelsea Senior Living and Focus Healthcare Partners, with Artemis Real Estate Partners, acquired the facility for $7.1 million through a court-ordered receivership sale. The street address and facility name were not disclosed. The distressed price may reflect operational and receivership conditions; no allocation was reported.

Same use and closely comparable 117-unit scale in nearby Central New Jersey.

The property was one of six communities sold by The Hollinger Group to Care Investment Trust and master-leased to Greenfield Senior Living. The source reports an approximate allocated purchase price of $12.3 million. Facility-level units were not provided; portfolio total was 301 assisted-living units. Master-lease and capital-expenditure interests were part of the broader structure.

Same care use within New Jersey, but South Jersey location and missing facility-level capacity and area reduce reliability.

The prior owner defaulted and the property was sold at foreclosure to the bond issuer. Subsequent 2015 bond and seller-note financing supported acquisition, renovation, improvements and equipment. Sale price and exact foreclosure date were not reported. Units include both buildings and both care types.

New Jersey senior-care campus with 73 assisted-living units, but northern location, mixed independent-living use and foreclosure circumstances reduce similarity.

One of three Western New Jersey communities sold together for $17.5 million. Portfolio total was 214 units, and each property was described as roughly 70 units. No individual price allocation, exact unit count, street address, building area or transaction scope was disclosed.

Same use within New Jersey and reportedly around the subject's capacity range, but identity, exact location and individual metrics are undisclosed.

Second unidentified asset in a three-community, 214-unit Western New Jersey portfolio sold for $17.5 million. The portfolio price must not be treated as this facility's individual price. Each asset was described only as roughly 70 units.

Same use within New Jersey and reportedly around 70 units, but facility identity and individual transaction details are unavailable.

Third unidentified asset in the $17.5 million Western New Jersey portfolio. Portfolio capacity was 214 units, with each facility described as roughly 70 units. Individual price, actual capacity, SF, ownership scope and address remain undisclosed.

Same use within New Jersey and approximately relevant scale, but the property is unidentified and individual figures were not published.

Active price-upon-request listing for a 160,275-SF CCRC reported with 102 beds. Residential apartment count was not provided, so units is null. Listing scope and inclusion of operating business, FF&E, licenses or ground-lease interests require confirmation.

Existing New Jersey senior-care real estate of comparable broad physical scale, but CCRC use, northern location and bed-only capacity basis differ from the subject.

Active price-upon-request listing for a 9,353-SF, 19-bed assisted-living property. Apartment count is unavailable and the bed count is incompatible with the subject's unit basis. Business, equipment, license and real-estate scope require verification.

Same general assisted-living use in New Jersey, but much smaller, northern and reported only on a bed basis.

Active price-upon-request offering for a 180,000-SF assisted-living facility reported with 191 beds. Residential-unit count was not supplied, so units is null. Confirm whether the offering includes operating business, FF&E, licenses and fee-simple real estate.

Existing same-use New Jersey offering with 180,000 SF within the requested size range, but South Jersey location and larger bed-based capacity reduce similarity.

Active price-upon-request listing showing 24,447 SF and one bed. The reported capacity appears incomplete or potentially miscoded and should not be treated as actual comparable capacity. Offering scope is not established.

New Jersey assisted-living listing, but distant location, very small area and questionable capacity data make it a weak lead.

Offering describes an existing assisted-living facility housing 186 residents and references a new eight-story building. Actual residential apartment count, existing whole-building SF and asking price were not established. Confirm whether real estate, operating business, FF&E and licenses are included.

Existing assisted-living use and substantial capacity, but northern New Jersey location, larger resident count and missing apartment/SF information limit similarity.

The offering memorandum states a $695,000 asking price and describes a vacant, furnished property partially approved for alternative 19-bed rooming-house or 18-bed assisted-living operation. Proposed/approved beds are not entered as existing capacity. Business and license transfer are not established.

Potential existing care-property conversion lead, but vacant status, very small proposed/approved bed capacity and undisclosed location make it weak.

AEW Capital Management sold the existing 2015-opened community to a joint venture. Berkadia arranged an $18 million acquisition bridge loan, but the sale price was not disclosed. A third party will operate the property. No separate license, FF&E or business allocation was reported.

Strong 78-unit use and size similarity in the greater Philadelphia regional market, but farther from Brick and outside New Jersey.

MVJ Ventures acquired the 1987-built, 2012-renovated community. Viva Senior Living will operate it for the new owner. Occupancy was 85% at sale. Price and allocations among real estate, business, FF&E and licenses were not disclosed.

Very similar 108-unit use and scale in the nearby Philadelphia regional market, though outside New Jersey.

An East Coast REIT acquired the campus from an independent owner-operator for $18.2 million, or approximately $194,000 per unit. Built in 2007 and renovated in 2018. Sale appears to cover the combined campus; no separate business, FF&E or license allocation was disclosed.

Excellent 94-unit capacity and care-use match in the Philadelphia regional market; reduced for greater distance and two-building campus format.

Sage Senior Living and an institutional partner acquired the 2013-developed community for $31.5 million, or approximately $414,474 per unit. Acquisition financing was separately arranged. No allocation to operations, FF&E or license was reported.

Strong same-use 76-unit comparison in the Philadelphia suburbs, but outside New Jersey and newer/Class A relative to the subject.

Blueprint arranged the sale of the renovated 1988-built community. Seller, buyer, price and exact address were not disclosed. Evidence indicates an existing operating facility affected by competitive supply and pandemic-era operating costs.

Highly comparable 114-unit use and scale in the Philadelphia regional market, but identity, exact location and price are undisclosed.

A public healthcare REIT acquired the 2022-built community. Seller and price were undisclosed. Unit count combines independent living, assisted living and memory care; no component breakdown or transaction allocation was published.

Regional senior-care sale with 146 units and assisted living, but mixed independent-living use and newer 2022 construction reduce similarity.

Blueprint arranged the sale for a private-equity seller. The existing 2021-opened property was not stabilized at sale. Buyer, price, street address and allocation among real estate and operating interests were undisclosed.

Same care use in the Philadelphia region, but the 190-unit scale is near the upper limit and the 2021 construction is substantially newer.

A private-equity group acquired two communities from a publicly traded REIT. The reported 142 units are the combined portfolio total and must not be treated as either property's individual capacity. Price, addresses, SF and individual transaction allocations were undisclosed.

Same regional care use and a combined 142-unit scale, but the evidence is portfolio-level and individual facility facts are unavailable.

Evans Senior Investments arranged the $11.86 million sale, reported as $119,697 per unit. The 2004-built community was 96% occupied. No separate allocation for real estate, operating business, FF&E or license was disclosed.

Exact 99-unit capacity match and same care spectrum, but farther west in Pennsylvania and older transaction evidence.

Evans Senior Investments facilitated the sale for $6.75 million, approximately $112,318 per unit. The source reports 69 units and 105 licensed beds; units follows the subject's unit basis. Facility was undergoing an operational turnaround. No separate allocation was stated.

Same general care sector and moderately comparable unit scale, but distant Pennsylvania location, personal-care licensing and mixed unit/bed reporting reduce similarity.

SLIB sold the 2000-built property for $3.8 million. The facility had 45 units, 85 licensed beds and 82% occupancy. Seller was The Hollinger Group. Exact address and allocation among real estate, business, FF&E and license were not disclosed.

Same general care sector but substantially smaller, located outside New Jersey and licensed as personal care rather than a New Jersey assisted living residence.

The community sold for $5.8 million. The source reports 94 independent-living and assisted-living units and 120 beds, but does not provide the care-type unit split. No separate allocation for business, equipment, licenses or any leasehold interest was stated.

Comparable 94-unit scale and assisted-living component in the Philadelphia region, though mixed independent-living use and bed count differ from the subject.

A Maryland-based operating company acquired the 2000-built community for $9.8 million, approximately $203,000 per unit. The seller was an independent owner/operator. The transaction was described as value-add; no separate business, FF&E or license allocation was disclosed.

Same assisted-living use but only 48 units and located in a substantially more distant Connecticut market.

Harrison Street acquired this community together with The Residence at Summer Street from Virtus Real Estate Capital and LCB Senior Living. The two-property price was undisclosed. LCB continued as operator. The 102-unit count is facility-specific, but its care-type split was not reported.

Comparable 102-unit size and assisted-living component, but distant Connecticut location and mixed independent-living use reduce relevance.

Harrison Street acquired the five-story community as part of a two-property southern Connecticut transaction. LCB Senior Living continued to operate it. Individual and portfolio prices, building SF, care-type unit split and allocations were not disclosed.

Comparable 104-unit scale and assisted-living component, but distant Connecticut location, urban five-story format and mixed use reduce similarity.