Tom Grape Of Benchmark Senior Living Acquires Benchmark At Roseland Financed By Synovus Bank

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.