JLL Capital Markets Completes Sale Of, Buyer Financing For Wellington Senior Living Facility

JLL Capital Markets has completed the sale of Alamar Senior Living, a 134-unit, Class A assisted living and memory care community in Wellington to Health Wave Partners.

JLL also placed the acquisition loan from Synovus Bank for Health Wave.

JLL’s National Seniors Housing Capital Markets team marketed the property on behalf of a partnership between Walton Street and Scarp Ridge Capital Partners. Health Wave is retaining AgeWell Senior Living to manage the property.

Alamar Senior Living offers 105 assisted living and 29 memory care units that are 96% occupied. Built in 2018, the property underwent a significant renovation in 2025 transforming it into a true Class A community. Residents have access to a plethora of amenities, including chef-driven meals, multiple living rooms/sitting areas, a bistro, bar, beauty salon/barber, theater, a resident garden, gym, therapy room and billiards room.

In addition to on-site amenities, Alamar Senior Living is positioned on an 11.75-acre site at 8785 Lake Worth Road with a variety of retail food options, visibility from 44,000 cars daily and excellent access to Interstate 95 and the Florida Turnpike.

Alamar Senior Living is located six miles west of West Palm Beach and 30 miles northwest of Boca Raton.  Wellington is one of the most affluent areas of Florida where the average household income within five miles of Alamar is $135,000 and the average net worth of those over age 75+ is $2 million.