Las Vegas seniors housing community trades hands
United States, March 26 -- JLL Capital Markets announced that it has arranged the sale of San Martin Senior Living, a 174-unit seniors housing community in Las Vegas, Nevada.JLL's Seniors Housing Capital Markets team represented the seller in the sale of the property to a joint venture between Stellar Senior Living and a commingled fund managed by Clarion Partners. Upon Clarion's acquisition of the property, the community is being renamed "The Grand at Southern Hills" and Stellar Senior Living will assume management responsibilities. Completed in two phases in 2008 and 2010, San Martin Senior Living consists of a two-story building housing 144 independent and assisted living units and single-story building home to 30 memory care units. The ...
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