$47M construction loan secured for Connecticut active adult development

BOSTON, Nov. 12, 2025– JLL Capital Markets announced today that it has arranged a $47 million construction loan for The Arbella at Blue Hills, a 164-unit, active adult (55+) community to be developed in Bloomfield, Connecticut.

JLL worked on behalf of the developer, The United Group of Companies, Inc. (United Group) to secure the construction loan through Liberty Bank of Middletown, Connecticut.

Anticipated for delivery in 2027, The Arbella at Blue Hills will consist of nine residential buildings offering one-, two-, two-bedroom plus den and townhome units, including 19 affordable units. Units will feature open floor plans, nine-foot ceilings, stainless steel appliances, granite countertops, walk-in closets, double-sink vanities, full-size washer/dryers and large balconies. In addition to the residential buildings, The Arbella at Blue Hills has a 12,000-square-foot on-site clubhouse that offers a fitness center, yoga studio, wellness spa and salon, indoor pool, bistro and great room with kitchen, multimedia theater, patio with fire pit, outdoor kitchen, pickle ball courts, community gardens, dog park and a full swing golf simulator. In addition, the property will also offer residents a shuttle bus, under-building secure parking and The United Group’s signature lifestyle program, The SUN® program, for residents to enjoy.

The 10.3-acre site is located at 885 Blue Hills Ave., approximately five miles north of downtown Hartford, an affluent and densely populated area with over 205,000 people within a five-mile radius of the property. This area boasts an average household income of nearly $100,000. Within this same five-mile radius the 55+ population totals 46,000+.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Managing Director Henry Schaffer and Director Madeline Joyce.

“The programming of this community as 55+ residential sets up well for the demographics and demand drivers in Bloomfield,” said Schaffer. “United Group is the premier developer/operator of active adult communities up and down the East Coast and will bring a differentiated lifestyle product to renters in the greater Hartford market.”

“This is an exciting milestone for both the United Group and the Bloomfield community,” said Michael J. Uccellini, President and CEO of United Group. “Our vision is to deliver a new type of senior living experience to the Bloomfield area. With The Arbella at Blue Hills, we will deliver an unparalleled living experience for all future residents. One that is rooted in the needs of today’s 55+ adults and will create community, friendships and memories that will last a lifetime."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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United Group is a full-service, vertically integrated leader in real estate development and management with over 50 years of industry expertise. Since its founding in 1972, United Group has completed over $4 billion in development and acquisitions, including 4,000+ senior living apartments valued at over $1 billion, 5,000+ student housing beds, 25,000+ multifamily units and over 2 million square feet of commercial properties. Its mission is to develop, build and acquire vibrant communities where its residents, investors, partners, and commercial clients feel welcome, connected, and fulfilled. United Group has been recognized as a Top Workplace USA every year since 2020, as well as a Top Workplace in the New York Capital Region since 2016; Its CEO, Michael J. Uccellini was honored with the Albany Times Union Top CEO award in 2022. To learn more, please visit: ugoc.com.

Established in 1825, Liberty Bank has $8.4 billion in assets, 54 retail banking offices across Connecticut and Massachusetts. As a full-service financial institution, Liberty offers consumer and commercial banking, cash management, home mortgages, business loans, insurance and investment services. Named ‘Top Workplace’ by the Hartford Courant every year since 2012; designated a 2021, 2022 and 2023 Best-In-State Bank in Connecticut by Forbes Magazine; and received J.D. Power’s award for Best Retail Banking Customer Satisfaction in the New York Tri-State Region in 2025. For more information on Liberty Bank, visit www.liberty-bank.com.