Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FOUNTAIN VALLEY, CA-A limited liability company has snapped up a four-acre parcel in Fountain Valley, where it plans to build a 200-unit assisted living and Alzheimer’s care facility on the site.

Fountain Valley Village LLC has paid about $3 million for the property, which is part of the Fountain Valley Regional Hospital Campus. It is located on Warner Avenue, between Euclid Avenue and Newhope Avenue.

Fountain Valley Village plans to break ground on the new project sometime this fall. Completion of the 200-unit project is slated for spring 2002.

David Stolte and Jeff Searcy, both of Charles Dunn Co.’s Senior Housing Group, represented buyer and seller, Fountain Valley Senior Housing LLC. “With a shortage of more than 8,000 senior housing units facing Southern California, this development will provided needed opportunities for seniors wishing to age in place,” says Stolte.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.