JLL Capital Markets completed the sale of Loma Clara, an 89-licensed-bed, Class A seniors housing community in Morgan Hill, for an undisclosed amount.
Senior managing director Aaron Rosenzweig and Senior director Dan Baker marketed the property on behalf of the seller, Steadfast Senior Living, and procured the buyer, LTC REIT. The buyer will retain Discovery Management as the operator of the property.
Completed in 2018, Loma Clara is a two-story building offering 42 assisted living units and 25 memory care units with 41 beds. The property is approximately 92% occupied and is a full private-pay community. Units average 529 square feet each and residents have access to a variety of amenities onsite.
Situated at the southern point of Silicon Valley, Loma Clara is a premier, luxury senior living community in picturesque Morgan Hill, California. This hillside town is the perfect destination for you or your loved one’s new home with its delectable farm-to-table local cuisine, breathtaking natural landscapes, and proximity to regional parks and vineyards.
Morgan Hill is a city in Santa Clara County, California, at the southern tip of Silicon Valley in the San Francisco Bay Area. Morgan Hill is an affluent residential community, the seat of several high-tech companies and a dining and recreational destination, owing to its luxury hospitality, wineries, and nature parks.
Jones Lang LaSalle Incorporated (JLL) is a global real estate services company headquartered in Chicago. The company has offices in 80 countries. It offers investment management services worldwide, including services to institutional and retail investors, and to high-net-worth individuals, as well as technology products through JLL Technologies, and venture capital investments through its PropTech fund, JLL Spark. The company is ranked 188 on the Fortune 500.
Steadfast Companies is driven by its mission to pursue real estate investment, development, and management opportunities responsibly and with integrity. Our Core Values reflect what is most important to us as a company and are the foundation of our company’s culture, decisions, and actions.
