California

FOUNTAIN VALLEY, Calif. — SlateView Capital has completed the acquisition of Parkview Estates, a 151-unit assisted living and memory care community located in Fountain View, approximately 40 miles southeast of Los Angeles.  Amenities at the property, which was completed in 2021, include restaurant-style dining, activity spaces, a fitness and therapy area, a salon and a theater.  The seller and sales price were not disclosed. This marks the second acquisition for SlateView since the firm’s inception. Azhar Jameeli, formerly of IRA Capital, and Kendall Young established SlateView in late August. 

SAN DIEGO — A joint venture between a private equity group and a local operator has acquired Canyon Villas, a 122-unit seniors housing community located in the Clairemont neighborhood of San Diego. The San Diego Christian Foundation sold the property for an undisclosed price.  Constructed in 1991, the community features independent living, assisted living and memory care residences. Amenities at the property include a courtyard, library, gazebo, activity room, room service and transportation services. Hap Knowles, Nick Stahler and Michael Mooney of Marcus & Millichap brokered the sale on behalf of …

ROSEVILLE and SAN JOSE, Calif. — A joint venture between Affinius Capital and Alliance Residential has sold a two-property seniors housing portfolio totaling 545 units in Northern California.  The portfolio includes Sonrisa Senior Living in Roseville and The Watermark at Almaden in San Jose. Sonrisa Senior Living comprises 201 independent living units, 120 assisted living units and 24 memory care units across two buildings that were constructed in 2021 and 2023. The Watermark at Almaden, which features 200 independent living, assisted living and memory care units, opened in 2021.  Amenities at …

IRVINE, Calif. — American Healthcare REIT has completed the $572 million acquisition of a 464-unit portfolio. Kensington Senior Living is the seller.  The properties, which are also operated by Kensington, are located in the major metros of Los Angeles, New York City, Washington, D.C., and the San Francisco Bay Area. The six-community portfolio is part of a broader, eight-community portfolio totaling 745 units. American Healthcare plans to acquire the remaining two properties, bringing the total purchase price for the eight communities to $873 million. According to a press release issued by …