JLL arranges sale and financing for San Diego seniors housing community
United States, Nov. 11 -- JLL Capital Markets announced that it has arranged the sale and financing for Cypress Court, a 148-unit independent and assisted living seniors housing community in the Escondido submarket of San Diego, California.JLL marketed the property on behalf of the seller, an affiliate of Kisco Senior Living, and procured the buyer, Azure Partners. JLL also arranged the 10-year, acquisition loan through Freddie Mac, on behalf of Azure. Northstar Senior Living will continue to manage the asset, which marks the first seniors housing community acquired by Azure. Azure is led by co-founders Michael Dennis (Chairman) and Arthur Rosenberg (CEO), along with Bryant Ferber (Managing Director and their Head of Acquisitions). Cypress ...
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