Benchmark Senior Living Expanding to New Jersey with Construction of Assisted Living and Memory Care Community in Scotch Plains

SCOTCH PLAINS, NJ – Benchmark Senior Living, the largest senior living provider in New England, is, once again, expanding its Northeast footprint. Last month, the company started construction on a new helped living and memory care community located at 1814 Raritan Road in Scotch Plains, NJ.
Also under development is Benchmark at Mount Pleasant, in Thornwood, NY, Benchmark’s first Westchester County community. It will become the company’s third New York community when it opens this spring.
“We’re excited to bring the high-quality and compassionate care Benchmark has built its reputation on for nearly 30 years to the residents of Scotch Plains and beyond,” said Tom Grape, founder, chairman and CEO of Benchmark. “Scotch Plains and the Mount Pleasant projects will be among several new communities to join the Benchmark family in the near future, as we concentrate on growing our footprint in the Boston-to-DC corridor.”
As the first helped living community in Scotch Plains, which is located approximately 13 miles south of Morristown, NJ and 20 miles southwest of New York City, it will bring much-needed senior care to Western Union County.
Scotch Plains is known for its numerous recreational opportunities including the adjacent Ashbrook Reservation. The township is rich in history with many Revolutionary War sites and the first African-American Country Club in the country, which was founded in 1921 and played host to many well-known Black musicians.
The location is ideally suited for seniors desiring a wide range of nearby activities as well as multi-generational families with many schools close by. Residents will be able to take in the surrounding area from a walking path that surrounds the community while visiting many neighboring sites, such as the Academy for Performing Arts, golf courses, a community pool, scenic walking trails and churches.
The community will offer residents and their loved ones 81,692 square feet of indoor and outdoor space spread out over three floors, including 86 studio and one-bedroom apartments with kitchenettes and handicap-adaptable bathrooms. On the first floor, off the grand staircase adorned lobby, a bistro, club room, dining rooms, recreational room and several outdoor patios and porches, some offering outdoor dining, will beckon residents to connect and engage. For those with dementia and Alzheimer’s, the secure Mind & Memory Care neighborhood will feature Benchmark’s signature programs administered by specially trained associates in a variety of spaces as well as amenities like a dedicated outdoor patio, dining room, hair salon and recreation room. Circadian rhythm lighting will automatically adjust throughout the day to help minimize “sundowning,” a common symptom of dementia, which causes a state of confusion and agitation in the late afternoon and evening.
On the second and third floors, residents will delight in additional amenities, including a wellness center with fitness center and rehabilitation room, hair salon, library, lounge, movie theater and multipurpose room for events and other programs. A rooftop deck will host regular social hours and other events.
For those who need it, Benchmark will provide 24/7 personalized care, including help with daily living activities like bathing, getting dressed and medication management.
Benchmark in Scotch Plains is being developed in partnership with Newton, Mass.-based National Development. Capitol Seniors Housing of Washington, DC, whose work has been instrumental in bringing the project to life, will continue to provide some development services. Meyer Design of Ardmore, Penn., is providing architectural and interior design services for the project. Philadelphia based IMC Construction will serve as general contractor.

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Goodman Real Estate Announces $131.1 Million Arizona Acquisition of Town Deer Valley Apartment Community in Phoenix Market

PHOENIX, AZ – Goodman Real Estate announces its latest milestone, the $131.1 million acquisition of Town Deer Valley Apartments, a premier 388-unit Class A property located in Phoenix, Arizona.
This latest acquisition reflects Goodman Real Estate’s continued efforts to expand its portfolio with premium residential properties in high-growth markets. Town Deer Valley Apartments, known for its modern amenities and prime location, is a testament to the company’s focus on making well-built, sustainable, and thriving communities that elevate the resident experience.
“Town Deer Valley Apartments aligns with our purpose of building and investing in purposeful communities,” said John Goodman, Founder of Goodman Real Estate. “The property offers not only gorgeous living spaces but also a strong foundation for enhancing the lives of our residents. We are excited to play an integral role in contributing to the ongoing growth and vibrancy of Phoenix.”
The sale was facilitated by Institutional Property Advisors (IPA) Phoenix, who served as the selling broker. Their expertise and industry insight were instrumental in achieving a seamless transaction. The deal was further supported by Walker & Dunlop, who provided financing solutions to bring the project to fruition. These partnerships underscore the collaborative efforts behind this significant milestone.
Located in a highly desirable area with convenient access to employment hubs, shopping, dining, and recreational options, Town Deer Valley offers residents a thoughtful balance of comfort and convenience. The property features luxurious amenities such as resort-style pools, state-of-the-art fitness facilities, and perfectly landscaped grounds. Each unit is designed with high-end finishes and spacious floor plans, catering to the needs of modern living.
Goodman Real Estate looks forward to integrating Town Deer Valley Apartments into its existing portfolio and leveraging its expertise to build stronger, healthier, and more connected communities.

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Community Preservation Partners Completes Acquisition of Sundance Affordable Housing Community in Bakersfield, California

BAKERSFIELD, CA – CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, in partnership with Bettencourt Properties and The Beneficial Housing Foundation, announced the acquisition and plotted renovation of Sundance Apartments, an affordable housing complex in Bakersfield, Calif. This is the first community in Bakersfield for CPP.
Sundance Apartments is located at 6000 White Lane in the Spice Tract neighborhood of Bakersfield. The convenient location allows residents simple access to multiple bus stops, as well as a nearby grocery store, shopping center and restaurants. Originally built in 1981, the property has not received any substantial rehabilitations. The property is comprised of 10, two-tale buildings and an additional single-tale building which contains the community room, laundry room, and leasing office. Designed to accommodate families, Sundance Apartments offers 40 two-bedroom and 20 three-bedroom units. CPP s total development investment is approximately $32.5M, which includes the buy price of $20M and estimated renovation costs of approximately $80,000 per unit.
Bakersfield, like many cities in California, is experiencing an affordable housing crisis. In fact, studies indicate that nearly one-third of Bakersfield residents are spending more than 30% of their income on housing, said Belinda Lee, Director of Development at CPP. The preservation of Sundance Apartments 60 affordable units will play a part in helping to ensure that the Bakersfield affordable housing supply is maintained for years to come.
Sundance Apartments will receive significant renovations aimed at improving the property s energy efficiency and modernization. Specific improvements include the replacement of solar and electrical panels, HVAC units, water heaters and appliances. Additional interior upgrades include the modernization of bath and kitchen surrounds and fixtures, and replacement of unit flooring. Exterior improvements include roofing replacement, repairs to the property s asphalt, pavement and paths of travel, as well as upgraded landscaping. CPP also plans to upgrade the property s community room.
By preserving 60 affordable units and investing in significant upgrades, we aim to ensure that these homes remain safe, energy-efficient, and sustainable for years to come. Our partnership with Bettencourt Properties and The Beneficial Housing Foundation underscores our shared commitment to providing quality, affordable housing to the communities that need it most, said Alexis Castillo, Assistant Development Manager at CPP.
CPP is partnering with LifeSTEPS to provide on-site adult education, health and wellness, and skill-building classes and services to residents.
Renovations are expected to be complete by the end of 2025. The property s affordability was set to expire in 2027, but with CPP s involvement, the Section-8 Housing Help Payment (HAP) contract will be renewed for 20 years. Additionally, the property will encumber a new Land Use Restrictive Agreement (LURA) to ensure affordability for 55 years. All units will be income restricted to family households at 60% or below Area Median Income (AMI).
Additional partners on the project include the California Tax Credit Allocation Committee (CTCAC), who issued and allocated 9% LIHTC. WNC & Associates serves as the equity partner. Banner Bank is providing construction financing, while Key Bank serves as the permanent lender, using a Freddie Mac product.

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