 |
| Caroline McClelland |
BOSTON, MA – JLL Capital Markets
has
completed the $45 million sale of HarborChase of Wilmington, a luxury 96-unit
assisted living and memory care community in Wilmington, Delaware.
JLL represented the seller, a private equity firm, in the
transaction. Harbor Retirement Associates will continue to manage the community
for the buyer, a publicly traded REIT.
 |
Blaise
Fletcher |
The JLL Senior Housing Capital Markets team was led by Senior Managing
Directors Jay Wagner, Rick Swartz, Aaron Rosenzweig, Director Sam Dylag,
Analysts Sean Kirk and Caroline McClelland. JLL Managing Director Blaise
Fletcher also supported the sales team.
Originally constructed in
2018, HarborChase of Wilmington is the one of the newest seniors housing
communities in the entire state of Delaware and is the newest community in its
primary market by a substantial margin.
 |
| Jay Wagner |
Located at 2004 Shipley
Rd., HarborChase of Wilmington offers 64 assisted living units in one- and
two-bedroom layouts and 32 memory care units. The units feature luxury finishes
and are some of the largest units in the market.
HarborChase of
Wilmington achieves market-leading rents and occupancy and is 100% private pay.
It has a strong reputation in the market due to its leading hospitality
program, high-quality food and beverage options, plus leading activities for
residents all on top of its leading physical offerings.
 |
| Rick Swartz |
There is an abundance of amenities, including three beautiful
dining rooms plus the private dining area, a fitness and yoga studio, and
outdoor fountains, patios, courtyards and walking trails.
The excellent commutability
and amenities on the border of Wilmington’s more affluent residential
neighborhoods provide the property with excellent visibility in the market and
top-of-mind presence.
 |
Aaron
Rosenzweig |
JLL Capital Markets is a
full-service global provider of capital solutions for real estate investors and
occupiers.
The firm's in-depth local market and global investor knowledge
delivers the best-in-class solutions for clients — whether investment sales and
advisory, debt advisory, equity advisory or a recapitalization.
 |
| Sam Dylag |
The firm has
more than 3,000 Capital Markets specialists worldwide with offices in nearly 50
countries.
For more news, videos and research resources, please
visit JLL’s newsroom.
About JLL
For over 200 years,
JLL (NYSE: JLL), a leading global commercial real estate and investment
management company, has helped clients buy, build, occupy, manage and invest in
a variety of commercial, industrial, hotel, residential and retail properties.
 |
| Sean Kirk |
A Fortune 500® company with annual revenue of $20.8
billion and operations in over 80 countries around the world, our more than
110,000 employees bring the power of a global platform combined with local
expertise.
Driven by our purpose to shape the future of real estate for a
better world, we help our clients, people and communities SEE A BRIGHTER WAYSM.
 |
HarborChase of Wilmington, a luxury 96-unit assisted
living and memory care community in Wilmington, DE
|
JLL is the brand name, and a
registered trademark, of Jones Lang LaSalle Incorporated. For further
information, visit jll.com.
Contact:
Kristen Murphy
Director, Public Relations
JLL
One Post Office Square, Suite 1100
Boston, MA 02109
617-543-4873
