Updated Feb 6, 2026
Tom Grape Of Benchmark Senior Living Acquires Benchmark At Roseland Financed By Synovus Bank
345 Eagle Rock Avenue
Units
85
Asset Type
Senior Housing
Closing
Oct 23, 2025
About this deal
AI
The property involved in the transaction is Arbor Terrace Roseland, now renamed Benchmark at Roseland, which is an 85-unit assisted living and memory care community located at 345 Eagle Rock Avenue in Roseland, NJ.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: Not specified
- Buyer: Tom Grape - Benchmark Senior Living & National Development
- Lender: Synovus Bank
- Address: 345 Eagle Rock Avenue
- Market: Roseland
Benchmark Senior Living and National Development's acquisition signifies their entry into the New Jersey market, with plans for two additional communities scheduled in Scotch Plains in 2026 and Cedar Grove in 2027.
On the Map
Senior Housing
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Players
Roseland Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93