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SAN MARCOS, Texas — JLL Capital Markets has arranged the sale of Sage Spring Senior Living, a community in San Marcos, located between Austin and San Antonio.
JLL represented the seller, a joint venture between Bow River Capital and Investcor, and procured the buyer, Inspired Healthcare Capital. The price was not disclosed.
Sage Spring Senior Living is a 90-unit assisted living and memory care community that opened in December 2020 and was stabilized at time of sale. San Marcos is one of the fastest growing cities in the nation with top 10 population growth over the past decade, according to JLL.
Jay Wagner, Rick Swartz, Aaron Rosenzweig and Dan Baker led the JLL team.