September 5, 2019 – San Diego, CA – As exclusive advisor to Torrey Pines Development Group, Cushman & Wakefield Senior Housing Capital Markets has arranged a sale of Felicita Vida (“Asset” or “Property”) a 91-Unit / 117 Bed assisted living and memory care community in San Diego, CA. The Asset was purchased by Healthcare Trust Inc., a public, non-traded real estate investment trust based in New York.
Located in Escondido, a substantial submarket of North County San Diego, Felicita Vida is a 2015-built Class-A community that represents the highest quality and newest construction in the area by a wide margin. The two-story property sits on a well-manicured 4.3-acre site and incorporates Spanish and Southwestern architectural elements. The unit mix is comprised of 53 assisted living units and 38 memory care units (64 beds).
The Cushman & Wakefield team involved in the transaction included Vice Chairman Rick Swartz, Executive Managing Director Jay Wagner, Managing Director Aaron Rosenzweig, Directors Dan Baker and Tim Hosmer and Associate Bailey Nygard.
“Felicita Vida represents a premier offering in its market and is well-positioned to be a top performer for years to come” said Rosenzweig.
About Torrey Pines Development:
Torrey Pines Development Group is a San Diego based investment and development company with a diverse background in residential and commercial real estate. The Torrey Pines Development Group team has managed and developed properties throughout the United States. Properties include mixed-use, retail, single and multi-family residential uses, senior care facilities, and special use projects.
About Healthcare Trust Inc:
Healthcare Trust, Inc. is a non-traded real estate investment trust which seeks to acquire a diversified portfolio of real estate properties, focusing primarily on healthcare-related assets including medical office buildings, seniors housing and other healthcare-related facilities
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.