JLL was engaged by a private equity firm in the sale of its Class-A seniors housing community in Wilmington, Delaware. Harbor Retirement Associates will continue to manage the community for the buyer, a publicly traded REIT.
Built in 2018, HarborChase of Wilmington is one of the newest seniors housing communities in the state and is the newest community in its primary market by a substantial margin. It features 64 assisted living units in one- and two-bedroom layouts and 32 memory care units (they are some of the largest units in the market). The community achieves market-leading rents and occupancy and is 100% private pay.
The JLL Senior Housing Capital Markets team was led by Jay Wagner, Rick Swartz, Aaron Rosenzweig, Sam Dylag, Sean Kirk, Caroline McClelland and Blaise Fletcher. The purchase price was not disclosed.
