HarborChase of Wilmington is a 96-unit assisted living and memory care community
News release
11 October 2024
JLL completes $45M sale of Class A seniors housing community in Delaware
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BOSTON, Oct. 11, 2024 – JLL Capital Markets announced today that it completed the sale of HarborChase of Wilmington, a luxury 96-unit assisted living and memory care community in Wilmington, Delaware.
JLL represented the seller, a private equity firm, in the transaction. Harbor Retirement Associates will continue to manage the community for the buyer, a publicly traded REIT.
Originally constructed in 2018, HarborChase of Wilmington is the one of the newest seniors housing communities in the entire state of Delaware and is the newest community in its primary market by a substantial margin. Located at 2004 Shipley Rd., HarborChase of Wilmington offers 64 assisted living units in one- and two-bedroom layouts and 32 memory care units. The units feature luxury finishes and are some of the largest units in the market.
HarborChase of Wilmington achieves market-leading rents and occupancy and is 100% private pay. It has a strong reputation in the market due to its leading hospitality program, high-quality food and beverage options, plus leading activities for residents all on top of its leading physical offerings. There is an abundance of amenities, including three beautiful dining rooms plus the private dining area, a fitness and yoga studio, and outdoor fountains, patios, courtyards and walking trails. The excellent commutability and amenities on the border of Wilmington’s more affluent residential neighborhoods provide the property with excellent visibility in the market and top-of-mind presence.
The JLL Senior Housing Capital Markets team was led by Senior Managing Directors Jay Wagner, Rick Swartz, Aaron Rosenzweig, Director Sam Dylag, Analysts Sean Kirk and Caroline McClelland. JLL Managing Director Blaise Fletcher also supported the sales team.
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.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.