Benchmark Senior Living, a leading senior living provider in the Northeast, and National Development, a prominent real estate investment firm, have officially expanded into New Jersey with the acquisition of Arbor Terrace Roseland. The community, now renamed Benchmark at Roseland, is the first New Jersey property for both Massachusetts-based companies.
The acquisition was completed through a joint venture between National Development and Benchmark, with financing provided by Synovus Bank. Benchmark will operate the 85-apartment assisted living and memory care community located in Essex County.
“We have long sought to bring our high-quality care to New Jersey, and we are thrilled to now serve families in The Garden State,” Tom Grape, founder, chairman and CEO of Benchmark Senior Living said. “This community’s tenured and highly dedicated staff—as demonstrated by the numerous awards they have earned—exemplifies the values we hold so dear, and we are pleased to officially welcome its residents and associates to the Benchmark family.”
Strategic expansion in the Garden State
The acquisition is the first of several planned developments for Benchmark in New Jersey. The company is already partnering with National Development on Benchmark at Scotch Plains, which is slated to open in 2026, and Benchmark at Cedar Grove, set to open in 2027.
“Acquiring this community marks an important milestone in National Development’s continued expansion in the senior living sector,” Andrew Gallinaro, chief investment officer at National Development said. “We’re proud to further our relationship with Benchmark Senior Living, a best-in-class operator that aligns with our values and long-term vision.”
Benchmark at Roseland, which previously earned the U.S. News & World Report’s 2025 Best Memory Care Excellence Award, is located on a 4.3-acre site at 345 Eagle Rock Avenue, offering easy access to I-280.
The 68,000-square-foot community features a wide array of amenities for residents, including a dining room, cafe, movie theater, hair salon, fitness center, and library. Outdoors, residents can enjoy spacious patios, a walking path, and manicured gardens.
