Benchmark Senior Living and National Development Acquire East Brunswick Property for New Senior Living Community

Benchmark at East Brunswick expands Benchmark Senior Living's growing presence in New Jersey

Waltham & Newton, Mass. - Benchmark Senior Living, a leading senior living provider in the Northeast, and National Development, a prominent real estate investment, development and management firm, today announced the acquisition and financing of a property in East Brunswick, NJ. The site will be developed as Benchmark at East Brunswick, an 87-unit assisted living and memory care community.

The community, expected to open in 2028, will be Benchmark and National Development's third community together in New Jersey. The companies acquired Benchmark at Roseland in October 2025, and Benchmark at Scotch Plains is slated to open by the end of 2026. Separately, Benchmark continues to expand its presence in the state with another community - Benchmark at Cedar Grove - expected to open in early 2027.

The East Brunswick site offers convenient access to the New Jersey Turnpike, Route 18, a variety of retail and dining options, and leading regional healthcare institutions. Construction has already begun on the three-story, 84,276-square-foot community that will feature 62 assisted living and 25 memory care apartments, with a total of 100 licensed beds. The community will incorporate sophisticated, premium apartment finishes and an array of welcoming amenities, featuring multiple dining venues, a comfortable theater, a modern fitness center, on-site salon and a variety of manicured outdoor spaces.

Benchmark operates 70 independent living, assisted living, memory care, and continuing care retirement communities throughout New England and in the Mid-Atlantic.

"East Brunswick is an exceptional location for our continued growth in New Jersey, where we see strong demand for high-quality assisted living and memory care options," said Tom Grape, founder, chairman and CEO of Benchmark Senior Living. "We are proud to continue our partnership with National Development through Benchmark at East Brunswick. Guided by our purpose of transforming lives through human connection, we look forward to bringing compassionate care, meaningful relationships and enriching experiences to local seniors and families in a community where residents can truly thrive."

National Development is a long-time industry leader in senior housing, having successfully developed and invested in more than 40 communities throughout the Northeast. National Development's senior housing portfolio includes a variety of living options including independent living, assisted living and memory care. With properties spanning the Boston-to-New York corridor, the firm has been recognized as an industry leader, and its properties have produced several national awards for best senior housing design.

"New Jersey represents a compelling and growing market for high-quality senior housing, and East Brunswick will be an outstanding addition to our portfolio in the region. We are delighted to continue our successful partnership with the industry leading team at Benchmark and are confident this community will make a meaningful impact on the lives of residents and their families," said Andrew Gallinaro, Chief Investment Officer of National Development.

About Benchmark Senior Living<_o3a_p>

Benchmark is New England's largest senior living provider with 70 independent living, assisted living, memory care and continuing care communities and more than 7,200 dedicated associates providing compassionate care and outstanding experiences throughout the Northeast. The Waltham, Mass.-based company was founded in 1997 by Tom Grape with the purpose of transforming lives through human connection. Since then, Benchmark has continued to set the industry standard, having won more than 300 local, regional and national awards for its care, programs and as a top workplace. Benchmark has been named one of the Top Places to Work for 18 straight years in The Boston Globe's annual employee-based survey and received repeated recognition in FORTUNE's Best Workplaces for Aging Services list. In 2026, Benchmark communities received 60 U.S. News & World Report Best of Senior Living excellence awards based on resident and family feedback. For more information, visit benchmarkseniorliving.com.<_o3a_p>

<_o3a_p> About National Development<_o3a_p>

National Development is a vertically integrated real estate investment, development and management company. One of Boston's leading firms for over 40 years, it invests throughout the Northeast, helping to shape communities across the region through a legacy of transformative properties. The firm has earned a reputation for delivering long-term value by thoughtfully navigating complexity through the creativity and deep experience of its team. National Development has developed and/or acquired more than 40 million square feet across a diverse range of property types and manages over $6 billion of assets through a series of fully discretionary real estate investment funds. For more information visit natdev.com.<_o3a_p>

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