JLL facilitated the sale of a seniors housing community in the Los Angeles suburb of Encino, California. The buyer was an independent investment management firm. Aaron Rosenzweig and Dan Baker represented the seller and procured the buyer in the transaction.
Built in 1977, Encino Terrace comprises 73 assisted living units. A recent renovation updated the common areas and 29 of the units. It stands three-stories tall on half an acre and comprises 54,450 square feet. Community amenities include resident laundry, a living room, dining room, fitness center, interior courtyard and a 41-space underground parking garage. Occupancy was 65% at the time of sale. The price was not disclosed.
