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Ventas Buys Senior Living Community in SoCal for $57M
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Commercial Observer
Ventas has acquired a 136-unit senior living community in Ventura County, Calif., for $56.54 million, according to records with PropertyShark.
It includes 153,297 square feet on 3.8 acres in Oxnard’s Riverpark master-planned community, adjacent to The Collection at Riverpark, a regional shopping and entertainment complex.
The sale reflects continued institutional demand for newer senior housing properties in markets with limited development opportunities, according to JLL.
“Clearwater at Riverpark exemplifies the institutional-quality independent living assets that continue to attract premier capital in today’s market,” Rosenzweig said in a statement.
Ventas is a real estate investment trust focused on senior housing, and is on the S&P 500.