Continuum Advisors (“Continuum”), a national senior housing investment sales and advisory firm, announced the sale of Laurel Circle, a luxury 270-unit Continuing Care Retirement Community (CCRC) situated on 25 acres in Bridgewater Township, New Jersey.
Continuum Advisors was exclusively retained to represent the owners, a joint venture which included LCS, in the sales transaction. Continuum Co-Founders David Kliewer and Jay Jordan successfully led the transaction, which generated strong buyer interest and culminated in the sale to an affiliate of Maxwell Group & Senior Living Communities.
The principals of Continuum had previously arranged the sale of Laurel Circle (formerly Arbor Glen) in 2018, when it was acquired out of a defaulted bond sale process.
“From distress to success, the sale of Laurel Circle represents the full cycle of a strategic investment in an Entrance Fee CCRC / Life Plan community,” said David Kliewer. “The successful turnaround demonstrates the strength of the Entrance Fee CCRC business model and demand for this asset class.”
The seller invested more than $15 million in capital improvements at Laurel Circle, including villa and apartment renovations, a fully transformed community center with reimagined dining venues, and extensive health center modernizations. They also executed a strategic shift to Type C (Fee-for-Service) entrance fee contracts. All of these improvements position the community to thrive under new ownership.
“The full circle divestiture of Laurel Circle underscores Continuum’s strength in navigating highly structured senior housing transactions across the investment spectrum, from complex turnarounds of large-scale campuses to fully stabilized operationally sound assets,” added Co-Founder Jay Jordan.
The Continuum Advisors team has closed 39 CCRC / Life Plan transactions nationwide, representing more than $1.5 billion in sales volume of CCRCs alone. The principals of Continuum have closed more than 200 senior housing transactions across the U.S., with an average transaction size of $45 million.
