JLL completes $45 million sale of Class A seniors housing community in Delaware

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. 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

Sam Dylag

CONTACT:

 Kristen Murphy

 JLL Director

 Public Relations

Phone: +1 617 543 4873

Email: Kristen.Murphy @jll.com

jll.com.

 

JLL secures $14 million refinancing for Home2 Suites by Hilton Temecula in Southern California's wine country

Olga Walsh

 

SAN DIEGO, CA – JLL Capital Markets has secured the $14 million refinancing for Home2Suites by Hilton Temecula, a 120-room extended-stay hotel in the heart of Southern California's wine country.

 

JLL worked on behalf of the borrower, an affiliate of Huntington Hotel Group, to secure the floating-rate, three-year loan through MetLife Investment Management.

 

Built by the borrower in 2019, the four-story Home2 Suites by Hilton Temecula caters to both leisure and business travelers with its blend of comfort and convenience.

Tim Wright

Guests can enjoy a 24-hour fitness center, an outdoor pool area complete with BBQ facilities, a business center, complimentary daily breakfast, free on-site parking and the convenience of a grab-and-go market in the lobby.

 

With San Diego, Orange and Los Angeles counties, all within an hour's drive, the property is well situated to capture day and weekend travel throughout the region.

 

The JLL Debt Advisory team was led by Senior Managing Director Tim Wright, Director Olga Walsh and Analyst Jack Wood.

 Jack Wood

“Temecula has emerged as a booming Southern California drive-to destination,” said Walsh. “Its combination of an affluent local community and a thriving tourist industry, driven by favorable income levels and diverse attractions, has solidified Temecula's status as a premier destination in the region.”

 

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.   

For more news, videos and research resources, please visit JLL’s newsroom. 

 CONTACT:

 Grace Lewis

PR, Capital Markets

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com