JLL Capital Markets represented the owner of a 210-unit active adult community in Georgetown, Texas in the property’s sale to two private equity firms. Opened in 2021, Northstar Georgetown is an upscale, low-rise community with both one- and two-bedroom units averaging 1,016 square feet. Apartment amenities include walk-in showers and soaking tubs, private yards and balconies, private parking and garage spaces, full sized washers and dryers, granite counter tops and stainless steel appliances. There is also a media center and theatre room, pool and spa, outdoor firepit with seating area, landscaped courtyards and pickleball and bocce ball courts.
Chalk Hill Ventures sold the community to a joint venture between Bain Capital Real Estate and Capitol Seniors Housing for an undisclosed price. JLL’s Ryan McBride, Joe Dowdle, Zach Rigby and Sean Sorrell handled the deal.
