Seniors housing portfolio in the Dallas-Fort Worth area sold
JLL Capital Markets closed the sale of the two active adult properties in Arlington and Plano, Texas
DALLAS, Sept. 20, 2021 – JLL Capital Markets announced today that it has closed the sale of an active adult portfolio consisting of two newly built, age-restricted (55+) multi-housing properties totaling 360 units located in the Dallas-Fort Worth MSA in Texas.
JLL marketed the portfolio on behalf of the seller, Kompass Kapital Management, LLC. Capitol Seniors Housing acquired the portfolio.
The portfolio consists of The Orchards at Arlington Heights in Arlington and The Orchards at Market Plaza in Plano. The Orchards at Arlington Heights is located at 131 East Bardin Rd. and totals 256,611 square feet. The property consists of 180 units and offers one- and two-bedroom floorplan options. The Orchards at Market Plaza is located at 3640 Mapleshade Rd. and totals 257,102 square feet. The property consists of 180 units with one- and two-bedroom options.
The communities offer numerous amenities available to all residents including a clubhouse, swimming pool and lounge area with community fire pit, movie theater, game room, salon, fitness center, complimentary WiFi, gift-wrapping station and activity room. Located in the Dallas-Fort Worth Metroplex, Arlington Heights and Market Plaza are minutes away from regional malls, entertainment, medical facilities, and major transportation corridors.
The JLL Capital Markets investment advisory team representing the seller included Managing Directors Cody Tremper and Mike Garbers.
According to JLL, active adult properties continue to be one of the most highly sought-after asset types in the marketplace today. Favorable demographic trends, low resident turnover, proven rent growth, all combined with a robust single-family housing market, has elevated absorption rates across the country. The JLL Seniors Housing team has been involved in the marketing in excess of $1.0 billion and has financed over $400 million in the Active Adult sector in the last 24 months alone.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Capital 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. CSH has successfully acquired or developed more than 120 senior housing communities and deployed over $2.5 billion of investment capital to date.