SAN DIEGO—Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that New York-based American Realty Capital has purchased two California senior living communities, Casa de Santa Fe, located in Rocklin, and Summerhill Villa, located in Santa Clarita. The seller of the facilities was MBK Senior Living.
CBRE’s locally based senior housing services group arranged the $104.5-million portfolio sale. MBK will continue to manage the communities on behalf of ARC.
Casa de Santa Fe consists of 159 units, including 71 independent living, 64 assisted living and 24 memory care units. The community is 98.7% occupied. Santa Fe was built in 2001 on approximately 10 acres. It is comprised of five separate buildings: two independent living, one assisted living, one memory care and a community clubhouse. Rocklin, CA is 20 miles north of Sacramento.
Summerhill Villa is an assisted living and memory care community located in the metropolitan area of Santa Clarita. Summerhill was constructed in 2001 on 4.25 acres and consists of two three-story buildings. The community encompasses 134 private pay units that are 98.4% occupied. Santa Clarita is an upscale suburb 30 miles northwest of downtown Los Angeles. A highly educated workforce, coveted communities and schools, and manicured business parks contribute an attractive quality of surroundings.
The CBRE National Senior Housing Group represented the seller, MBK Senior Living. Partners of this brokerage team include David Rothschild, EVP, Matthew Whitlock, SVP and Mary Christian, SVP. American Realty Capital represented itself in the transaction.
In other senior housing news, as GlobeSt.com just recently reported, Meta Housing Corp. recently broke ground on a $20-million-senior-housing-apartment complex, helping to supply much-needed affordable housing to seniors in Compton, CA. And in another recent Q&A on the subject, GlobeSt.com chatted with Bob Pospisil of Oakmont Senior Living, who pointed out that today, there are 40 million people over the age of 65; the first wave of America’s 77 million baby boomers started to enter their senior years in 2011; and the senior population is expected to nearly double to 71 million by 2030.