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SAN JOSE, Calif. — An affiliate of Walton Street Capital has originated a $59.2 million loan to refinance debt on Watermark at Almaden, a 200-unit seniors housing community in San Jose.
The borrower is a partnership between Alliance Residential and Affinius Capital.
Delivered in late 2020, the property is currently in lease-up. Units come in studio, one-bedroom, two-bedroom and companion floorplans, and the community features nearly 70,000 square feet of amenity space. The type of care offered was not disclosed.