JLL Capital Markets led sale efforts for Sage Spring Senior Living in San Marcos, Texas
News release
28 May 2024
JLL arranges sale of stabilized Texas seniors housing community
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BOSTON, May 28, 2024 – JLL Capital Markets announced today that it arranged the successful sale of Sage Spring Senior Living, a senior living community located in San Marcos, Texas.
JLL represented the seller, a joint venture between Bow River Capital and Investcor, and procured the buyer, Inspired Healthcare Capital.
Sage Spring Senior Living is located in San Marcos, Texas, midway between San Antonio and Austin. The 90-unit assisted living and memory care community opened in December 2020 and was stabilized at time of sale. San Marcos is one of the fastest growing cities in the nation with top 10 population growth over the past decade.
The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Jay Wagner, Rick Swartz, Aaron Rosenzweig and Director Dan Baker.
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 108,000 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.
About Bow River Capital
Founded in 2003 in Denver, Colorado, Bow River Capital was established with a vision of building a world class, diversified investment management platform focused on the lower middle market. Bow River Capital is employee-owned and has five private fund platforms: Private Credit, Private Equity, Real Estate, and Software Growth Equity and the Bow River Evergreen Strategies.
About Investcor
Investcor is a privately owned real estate development company located in Austin, Texas which is dedicated to developing industry leading real estate projects in high growth markets. Founded in 2008, Investcor has since successfully developed 26 projects with a cumulative value of over $1.1B. Although primarily focused in multifamily, having delivered 3,480 doors to market, we have also successfully developed mixed-use, neighborhood retail, and a lakefront custom home community with 53 custom homes. We attribute our success to our strict core investment principles of 1) developing projects based on underlying value, and not speculation, 2) developing conservatively with a margin of safety to mitigate risk during market downturns or unexpected circumstances, 3) strict and meticulous underwriting to ensure accurate expectations, 4) clear, consistent and transparent communication.