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NEWPORT BEACH, Calif. — JLL Capital Markets has arranged the sale and financing of Atria Newport Beach, a 168-unit senior living community located in Newport Beach.
An institutional investor purchased the property in partnership with the existing operator, Atria Senior Living, which will continue to manage the community. The seller was also an institutional investor. The sales price was not disclosed.
Built in 2021 and 2023, Atria Newport Beach comprises two buildings with 126 independent living and assisted living units and 42 memory care units. Amenities at the community include multiple dining options, a movie theater, fitness center, library and salon and spa.
Aaron Rosenzweig and Dan Baker of JLL brokered the transaction.