Jones Lang LaSalle Inc.
10/30/2024 | Press release | Distributed by Public on 10/30/2024 09:43
Colorado seniors housing portfolio trades for $30M
DENVER, Oct. 30, 2024 - JLL Capital Markets announced today that it has closed the $30 million sale of The Lodge at Greeley and The Lodge at Grand Junction, 100%-private pay, seniors housing communities totaling 140 units in Colorado.
JLL's Seniors Housing Capital Markets team represented the seller, Bow River Capital, and procured the buyer.
Completed in 2020, The Lodge at Greeley is a two-story, 100%-occupied community offering 92 total units. The units are broken out into 20 independent living, 48 assisted living and 24 memory care units within studio and one-bedroom layouts. The pet-friendly facility has a variety of amenities, including a beauty salon, library, fitness center, private event rooms, outdoor dining area and restaurant-style dining. Located at 4430 24th St., The Lodge at Greeley is about 55 miles northeast of Denver and has a large seniors housing population, with more than 241,000 aged 65 and older residents within a 20-minute drive.
The Lodge at Grand Junction is a 48-unit, 50-bed assisted living and memory care community in Colorado's Western Slope. Completed in 2019, the two-story facility offers studio and one-bedroom layouts that are pet-friendly. The community offers residents a beauty salon, media room, therapy and exercise room, a chapel and restaurant-style dining. The Lodge at Grand Junction is well-located, being positioned across from a major regional hospital and close to numerous medical, commercial and retail developments. In addition, more than 151,000 residents aged 65 and older live within a 20-minute drive of the property providing an ample pipeline for future demand.
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.
For more news, videos and research resources, please visit JLL's newsroom.
Founded in 2003 in Denver, Colorado, Bow River Capital was established with a vision of building a world class, diversified investment management platform focused on the lower middle market. Bow River Capital is employee-owned and has six private fund platforms: Private Credit, Private Equity, Defense, Real Estate, and Software Growth Equity and the Bow River Evergreen Strategies, which you can learn more about here.