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New York & Tri-State  + New Jersey  + Senior Housing  | 

Continuum Closes Sale of NJ Continuing Care Retirement Community

Continuum Advisors, a national senior housing investment sales and advisory firm, recently closed the sale of Laurel Circle, a luxury 270-unit continuing care retirement community (CCRC) situated on 25 acres in the Somerset County community of Bridgewater Township, NJ. Co-founders David Kliewer and Jay Jordan represented a joint venture including LCS in marketing the property, which generated strong buyer interest and culminated in the sale to an affiliate of Maxwell Group & Senior Living Communities for a reported $54.5 million.

The principals of Continuum 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 Kliewer. “The successful turnaround demonstrates the strength of the Entrance Fee CCRC business model and demand for this asset class.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition