JLL Capital Markets has closed the $30 million sale of The Lodge at Greeley and The Lodge at Grand Junction, two 100%-private-pay senior housing communities totaling 140 units in Colorado.
JLL’s Seniors Housing Capital Markets team represented the seller, Bow River Capital, and procured the undisclosed buyer.
Completed in 2020, The Lodge at Greeley is a two-story, 100%-occupied community offering 92 total units. The units are broken out into 20 independent living, 48 assisted living and 24 memory care units within studio and one-bedroom layouts. The pet-friendly facility has a variety of amenities, including a beauty salon, library, fitness center, private event rooms, outdoor dining area and restaurant-style dining. Located at 4430 24th St., The Lodge at Greeley is about 55 miles northeast of Denver and has a large senior housing population, with more than 241,000 aged 65 and older residents within a 20-minute drive.
The Lodge at Grand Junction is a 48-unit, 50-bed assisted living and memory care community in Colorado’s Western Slope. Completed in 2019, the two-story facility offers pet-friendly studio and one-bedroom layouts. The community offers residents a beauty salon, media room, therapy and exercise room, a chapel and restaurant-style dining. The Lodge at Grand Junction is well-located, positioned across from a major regional hospital and close to numerous medical, commercial and retail developments. In addition, more than 151,000 residents aged 65 and older live within a 20-minute drive of the property providing an ample pipeline for future demand.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.