ASHLAND, Mass. — JLL Capital Markets has arranged the successful recapitalization transaction of the Residence at Valley Farm.
LCB Senior Living will stay on as co-owner, while Blue Moon Capital Partners will replace Bridge Investment Group as the other owner. The price was not disclosed.
The Residence at Valley Farm is located in Ashland, a wealthy bedroom community 25 miles west of Boston that provides access throughout the region via the commuter rail station in town and the nearby Massachusetts Turnpike (I-90).
The three-story property is a Class A assisted living community situated on a 2.9-acre site. It was built in 2015, and offers a total of 80 units at stabilized occupancy. LCB Senior Living developed the project, which has now been recapitalized twice while remaining under LCB’s management.
Jay Wagner, Rick Swartz and Jim Dooley led the JLL Capital Markets investment sales and advisory team.