New Jersey Senior Housing Commands $98M

Homestead at Hamilton. Image courtesy of Cushman & Wakefield

Inspired Healthcare Capital has acquired Homestead at Hamilton, a 195-unit Class A senior housing community in Hamilton, N.J., for $97.5 million. The property was developed by Pike Senior Housing Partners.

Vice Chairs Richard Swartz and Jay Wagner, Senior Director Jim Dooley and Associate Jack Griffin of Cushman & Wakefield arranged the sale and represented Pike in the transaction. According to the company, the property was near full occupancy in 2021.

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With a size of 200,000 square feet, Homestead at Hamilton is a four-story, H-shaped building that encompasses 96 independent living units equipped with full kitchens and washers and dryers, 75 assisted living units of which 10 are enhanced care units in a dedicated wing and 24 memory care units, all including kitchenettes and amenities on each level. Community amenities include a dining room, a pub, a card and game room, a fitness center, art studios, two theaters, a performing arts studio and a rehab gym partnered with Robert Wood Johnson Hospital.

Located at 2560 Kuser Road, the property is 6.5 miles from Trenton, 60 miles from New York, 36 miles from Philadelphia and has access to Interstate 195. Several medical offices are in the surrounding area and Hamilton Recreation Office is within walking distance. Dining and retail options are available nearby, along Robbinsville Road.