Cushman & Wakefield announced that they have arranged the recapitalization of Byron Park in Walnut Creek, California on behalf of a joint venture between Kisco Senior Living and an institutional investor. The senior living community comprises 187 units of independent and assisted living and sits on three acres in the greater San Francisco area. It will continue to be managed by Kisco Senior Living, who will maintain operations under the new ownership by an institutional real estate owner. Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig, Dan Baker and Bailey Nygard handled the transaction.
Earlier this month, Kisco Senior Living, in a joint venture with Welltower, also added The Kensington at Walnut Creek to its growing portfolio of managed senior living communities. The Kensington features assisted living and memory care services, giving Kisco a full continuum of care in Walnut Creek.
