JLL Completes Sale, Financing For Trophy Asset In Palm Beach County

JLL Capital Markets has closed the sale and arranged the financing for Wellington Bay, a 283-unit seniors housing community in Wellington.

JLL’s Seniors Housing Capital Markets team procured the buyer, AEW Capital Management, and secured the three-year acquisition loan through Capital One Bank on behalf of the buyer.

Wellington Bay is a world-class, full-continuum of care seniors living campus that includes a high-performing 159-unit independent living community and The Lisbet Health Center, which offers 124, Class A assisted living and memory care units. The 45-acre lakeside campus also offers the ability to expand the independent living by an additional 177 units. Residents of the community have access to a 65,000-square-foot clubhouse offering high-end amenities, including five-star quality dining, a resort-style outdoor pool, indoor pool and hot tub, putting green, bocce court, pickleball court and a variety of fitness, wellness, concierge, arts and entertainment programming. Wellington Bay is regarded as one of the finest seniors housing communities in the United States for its high-quality construction, luxury finishes and unmatched amenities.

The 45-acre campus sits at 2590 Wellington Bay Drive in Palm Beach County, approximately 16 miles west of West Palm Beach. The Palm Beach area includes some of the most prestigious communities in South Florida and is home to a deep senior population. Wellington, Florida, is known as the Equestrian Capital of the World, home to two of the world’s leading venues for equestrian excellence, attracting numerous residents and visitors globally. Wellington Florida is the ideal location for a world-class seniors living community with the Palm Beach lifestyle.

 

 

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