SAN DIEGO, Nov. 7, 2025 – JLL Capital Markets announced today that it has arranged the sale and financing for Cypress Court, a 148-unit independent and assisted living seniors housing community in the Escondido submarket of San Diego, California.

JLL marketed the property on behalf of the seller, an affiliate of Kisco Senior Living, and procured the buyer, Azure Partners. JLL also arranged the 10-year, acquisition loan through Freddie Mac, on behalf of Azure. Northstar Senior Living will continue to manage the asset, which marks the first seniors housing community acquired by Azure. Azure is led by co-founders Michael Dennis (Chairman) and Arthur Rosenberg (CEO), along with Bryant Ferber (Managing Director and their Head of Acquisitions).

“Azure is very excited about the acquisition of Cypress Court as our entrance into seniors housing, and we aim to rapidly expand our portfolio in the sector,” said Rosenberg. 

Cypress Court offers 76 independent living units and 72 assisted living units in a fully licensed community. The four-story building features a parking garage, an outdoor garden, dining room, salon and barbershop, fitness center, activities room, library, art studio and a theater. Cypress Court also offers residents on-site programming, scheduled transportation and weekly housekeeping and linen service.

The property sits on a 2.54-acre site at 1255 N Broadway in a densely populated area of San Diego, surrounded by residential neighborhoods, medical offerings and retail shops. There are more than 481,000 residents within a fifteen-minute drive of the property and the average household income is approximately $142,606. Of this population, the aged 75+ category is expected to grow by more than 25% in the next three years.

JLL’s Seniors Housing Capital Markets team was led by Senior Managing Director Aaron Rosenzweig and Senior Director Dan Baker.

“We received quite a bit of interest in both the sale of the property and the financing given the low acuity nature of the property without memory care, a high historical occupancy rate and its strategic location in a dense submarket of San Diego,” commented Rosenzweig.

“Cypress Court was a perfect fit for us as a starting point in the world of seniors housing,” added Ferber. “It sits in an infill location with strong demographics and is a very well-built property that has been properly managed and taken care of for many years. We are pleased to take over a strong, stable asset while having the opportunity to further its potential. We’d like to thank the entire Kisco team and the JLL team for their help on this acquisition and look forward to many more successful transactions in seniors housing,”

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 — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

For 35 years, Kisco has specialized in developing and managing full-service senior living communities that provide an enriched lifestyle. Kisco currently owns and operates 35 senior living communities in ten states.

Azure Partners LLC (“Azure”) is a real estate investment firm focused on the acquisition and management of real estate assets within high-growth markets in the United States. To learn more, please visit: www.azurep.com.