Cushman & Wakefield Arranges Sale of 97-Unit Silicon Valley Senior Housing Community

Cushman & Wakefield Senior Housing Capital Markets Group, advising Capitol Seniors Housing, has arranged the sale of Fremont Hills, a 97-unit assisted living and memory care community located in Fremont, California. The community was acquired by a joint venture between Kayne Anderson Real Estate Advisors and Watermark Communities. Watermark Communities will operate the community.

Originally built in 2004, Fremont Hills features 76 assisted living units and 21 memory care units in a three-story purpose-built building that is seated on the face of the Nile Hills immediately to its east. With median home values approaching $1 million in the market area, the community has undoubtedly benefited from the favorable market conditions in the Silicon Valley region of the Bay Area, and the community has been fully occupied since 2015. The 63,000-square-foot community features recently renovated, attractive outdoor spaces and spacious interior common areas.

The Cushman & Wakefield team involved in the transaction include Executive Managing Director Richard Swartz, Executive Director Jay Wagner, Senior Director Aaron Rosenzweig and Associate Alex Petrosian.

“We’re proud to have advised on Fremont Hills for the second time and to have ended up with a tremendous execution for our client,” noted Swartz. “The market continues to demonstrate robust demand for Class A senior housing opportunities in strong markets.”

About Capitol Seniors Housing

Capitol Seniors Housing (CSH) prides itself on placing seniors first by creating comfortable, safe, state-of-the-art communities which residents are proud to call home.  Founded on the principles of integrity, trust, and transparency, CSH consistently produces top-quality senior living communities and resident centered life experiences for senior adults.

Based in Washington D.C., CSH is a private equity-backed real estate acquisition, development and investment management firm founded in 2003.  Along with our capital partners, a large University Endowment and The Carlyle Group, CSH has successfully acquired or developed more than 90 senior housing communities and deployed over $2.0 billion of investment capital thus far.  For more information, please visit www.capitolseniorshousing.com.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

By | 2017-12-21T12:06:22+00:00 December 12th, 2017|In the News, News|