WILMINGTON, Del. — JLL Capital Markets has arranged the $45 million sale of HarborChase of Wilmington, a luxury 96-unit assisted living and memory care community in Wilmington, roughly 30 miles southwest of Philadelphia. JLL represented the seller, a private equity firm, in the transaction. Harbor Retirement Associates will continue to manage the community for the buyer, a publicly traded real estate investment trust.
Originally constructed in 2018, HarborChase of Wilmington is one of the newest seniors housing communities in the state of Delaware and is the newest facility in its primary market by a substantial margin, according to JLL.
HarborChase of Wilmington offers 64 assisted living units in one- and two-bedroom layouts and 32 memory care units. The units feature luxury finishes and are some of the largest in the market. Amenities include three dining rooms plus a private dining area, fitness and yoga studio, outdoor fountains, patios, courtyards and walking trails.
HarborChase of Wilmington, which is 100 percent private pay, achieves market-leading rents and occupancy, notes the brokerage firm.
The JLL Senior Housing Capital Markets team was led by senior managing directors Jay Wagner, Rick Swartz and Aaron Rosenzweig; director Sam Dylag; and analysts Sean Kirk and Caroline McClelland. JLL Managing Director Blaise Fletcher also supported the sales team.