GRANBURY, Texas — JLL Capital Markets has arranged the sale of Quail Park of Granbury, a 75-unit independent living, assisted living and memory care community in Granbury, a growing suburb of Dallas-Fort Worth.
JLL represented the seller, Living Care Lifestyles, in the sale to Lloyd Jones LLC. Lloyd Jones Senior Living will operate the community going forward, under the name AVIVA Granbury. The sales price was not disclosed.
The community comprises two buildings, one offering independent living (41 units) and assisted living (15 units) and one dedicated to memory care (19 units). The community was above 95 percent occupancy at closing.
The property sits on a nearly 30-acre site along Paluxy Highway, 40 miles southwest of downtown Fort Worth. Of the 30 acres, approximately 20 are available for future development. This was appealing to the buyer, which plans to expand the community.
Granbury has become a popular destination for retirees. The 65-plus population within a five-mile radius of the property constitutes more than 25 percent of the total population, outpacing the national rate of 17 percent.
Charles Bissell and Dean Ferris led the JLL Capital Markets team representing the seller.