Sale of Class A Palm Beach County senior housing community completed

MIAMI, Jul. 16, 2026 – JLL Capital Markets announced today that it has completed the sale of Alamar Senior Living, a 134-unit, Class A assisted living and memory care community in Wellington, Florida 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.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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 WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Walton Street Capital, L.L.C. (together with its affiliates, “Walton Street”) is a private real estate investment firm that manages a diversified equity and debt platform on behalf of its global institutional clients. Since its inception in 1994 through its affiliates, Walton Street has raised over $17 billion of capital commitments from global institutional investors and has acquired, financed, managed and sold $60 billion of real estate. Through the cross platform synergies of its investment groups, Walton Street seeks to make real estate equity and debt investments with attractive risk adjusted returns. For more information, visit waltonst.com.

Scarp Ridge Capital Partners was founded in 2021 by Greg Rush to focus on value add and opportunistic investing in operating intensive real estate asset classes with a focus on senior housing and hospitality. Greg has more than 30 years of institutional real estate investing and capital markets experience including senior roles at Morgan Stanley, Dune Real Estate Partners and Cadre.

Based in Chicago, Health Wave Partners is a dedicated senior housing investment platform focused on acquiring high-quality communities alongside best-in-class operating partners. Supported by a strategic partnership with Macquarie Asset Management (MAM), Health Wave Partners pairs boutique-level focus and agility with the capital strength and global resources of a leading institutional asset manager. To learn more, visit www.HealthWavePartners.com.