JLL’s Seniors Housing team closes sale and financing of Clearwater at North Tustin

SAN DIEGO, Jan. 23, 2026 –  JLL Capital Markets announced today that it has completed the sale and financing of Clearwater at North Tustin, a Class A, 100-unit seniors housing community in North Tustin, California.

JLL’s Seniors Housing Capital Markets team marketed the property on behalf of the seller, Broadview Real Estate Partners, and procured the buyer, Health Wave Partners. JLL’s Debt Advisory team arranged acquisition financing on behalf of the buyer through a large national bank.

Clearwater North Tustin was built in 2021 and consists of two acuity-specific single-story buildings offering assisted living and memory care. Residents have access to a variety of amenities, including a restaurant-style dining, an outdoor amphitheater, music garden, salon and spa, art studio, wellness center, a dog park and four distinct resident courtyards.

The property is positioned on a 6.6-acre site at 11901 Newport Ave surrounded by a variety of retail and commercial amenities. The primary market area is affluent and densely populated with more than 439,000 residents living within a five-mile radius of the property.

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

“We’re seeing robust demand for Class A seniors housing communities in Orange County,” said Rosenzweig. “Barriers to entry are high with Clearwater enduring a 14-year entitlement process. This drove a competitive sales and financing process for the property as future competition will likely be very limited.”

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. 

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

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 $23.4 billion and operations in over 80 countries around the world, our more than 113,000 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 WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Broadview is a real estate investment management company focused on supporting the growth of small and mid-sized real estate operators and developers through platform investments. Broadview has invested in and managed operating platforms focused on property sectors such as senior housing, industrial, affordable housing, retail, student housing, lodging, and mixed-use projects. For more information, please visit: www.broadviewrep.com.

Health Wave Partners is a Chicago-based senior housing investment platform focused on modern, best-in-class accommodations for seniors alongside experienced operators. The firm is supported through its strategic partnership with Macquarie Asset Management (MAM), whose differentiated real estate strategy focuses on investing in specialist operating platforms. Through this partnership, Health Wave Partners benefits from access to MAM’s deep resources and expertise.

Health Wave Partners’ highly experienced team invests in high-quality properties and experienced operators in regions with strong demographic and economic fundamentals to deliver compelling risk-adjusted returns. To learn more, visit HealthWavePartners.com.

Clearwater Living® is committed to providing superior customer service and living experiences that celebrate individual relevance for residents, their families, and team members. Clearwater Living is growing through strategic acquisitions, development, and operational management of senior living communities throughout the western United States. Each Clearwater Living community practices a holistic approach to successful aging and personalized care that enhances residents’ daily lives. To learn more, visit ClearwaterLiving.com.