JLL arranges $35.1M construction financing for East Brunswick senior living community

MORRISTOWN, N.J., June 16, 2026 – JLL Capital Markets announced today that it has arranged $35.1 million in construction financing for Benchmark at East Brunswick, an 87-unit / 100-bed assisted living and memory care community planned for East Brunswick, New Jersey.

The financing was arranged on behalf of a joint venture between National Development , a prominent real estate investment development and management firm, and an affiliate of Benchmark Senior Living, a leading senior living provider in the Northeast.

JLL conducted a highly competitive marketing process, attracting numerous quotes from a broad array of lending sources. Ultimately, a prominent regional bank was selected due to their highly attractive terms across proceeds, pricing and structure, demonstrating the return of aggressive capital to the seniors housing construction space.

The three-story, 84,276-square-foot community will feature 62 assisted living and 25 memory care apartments with 100 licensed beds. The property will be thoughtfully designed to the highest standards, incorporating premium unit finishes and an extensive array of amenities, including multiple dining venues, a theater, fitness center, salon and a variety of outdoor spaces. These features will distinguish Benchmark at East Brunswick as the premier senior living option in a very strong market. Construction started this month, and the community is expected to open in 2028.

Strategically located within Middlesex County, one of New Jersey’s most affluent and densely populated suburban enclaves, the site offers convenient access to the NJ Turnpike, Route 18, a variety of retail and dining options, and leading regional healthcare institutions. The community is well positioned to capitalize on the significant demographic tailwinds supporting increased demand for senior living, with the local senior population projected to see strong growth over the next decade.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026 For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.