Just-Finished Assisted Living Community Sells In Palm Desert, California

Just-Finished Assisted Living Community Sells In Palm Desert, California

by | Oct 9, 2018 4:06 pm | Acquisitions

A brand-new assisted living/memory care community in California found a new owner with the help of Richard Swartz, Jay Wagner, Aaron Rosenzweig and Sam Dylag of Cushman & Wakefield. Developed by San Diego-based West Partners, LLC, the community offers 148 units in the resort town of Palm Desert and recently received its Certificate of Occupancy and licensure. It features a number of high-end finishes and amenities in addition to the surrounding amenities that residents can enjoy, including PGA golf courses, high-end shopping and restaurants. Lytle Enterprises bought the property for an undisclosed price and will have its operating partner Leisure Care step in to manage. Read More »
Development for Denver joint venture

Development for Denver joint venture

by | Aug 26, 2016 8:31 am | Developments, Financings

A joint venture between three different parties enlisted the help of Aron Will from CBRE to help finance a to-be-built senior living community in Denver, Colorado. Blue Moon Capital Partners, MGL Partners and Leisure Care are set to break ground in September on a 163-unit independent living, assisted living and memory care community located near the heart of the Denver Tech Center. Mr. Will secured a $28.7 million, non-recourse floating rate loan, with a six-year term and 48 months of interest only, provided by a regional bank. The community is set to open in Spring 2017. Read More »