JLL closes sale of two seniors housing communities in California

SAN DIEGO, Apr. 1, 2026 –  JLL Capital Markets announced today that it has arranged the sale of The Commons on Thornton and The Commons at Union Ranch, two seniors housing communities totaling 198 units in California’s Central Valley.

JLL’s Seniors Housing Capital Markets team represented the seller, MBK Senior Living, in the sale of the portfolio to a commingled fund managed by Clarion Partners.

“We are pleased to add The Commons on Thornton and The Commons at Union Ranch to our growing seniors housing portfolio,” said Clarion Partners Head of Healthcare Julie Robinson. “These high-quality, well-occupied communities benefit from strong in-place operations, attractive amenity offerings and locations within demographically favorable submarkets of California’s Central Valley. This acquisition reflects our continued conviction in seniors housing, where we see durable demand supported by aging population trends and a shift toward needs-based care.”

The Commons on Thornton was completed in 2004 and consists of a two-story building housing 100 assisted living and memory care units in a variety of floor plans. The 94%-occupied property is situated on a 3.81-acre site at 10711 Thornton Rd. in Stockton, close to Interstate 5, Sutter Health and a variety of retail amenities.

Completed in 2008, The Commons at Union Ranch offers 98 units of assisted living and memory care in a two-story building. The property is 97% occupied and sits on 3.8-acres at 2241 N Union Rd. in Manteca. The Commons at Union Ranch benefits from its location directly adjacent to the 1,400-plus Woodbridge by Del Webb 55+ community.

Residents at both properties have access to chef-prepared meals, a full-service dining room, casual bistro, coffee bar, fitness center, walking paths, garden areas, computer lounge, library, beauty salon and barber shop, game room and movie room. Services offered include transportation, laundry, housekeeping and more.

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

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.

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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.

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 December 31, 2025. 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.

Since its founding in 1990, MBK Senior Living, LLC has grown into a recognized leader in senior living, offering Independent Living, Assisted Living and Memory Care services throughout the Western United States. With over 30 years of experience, they’ve developed innovative programs and a culture of genuine care that prioritizes high-quality service, meaningful enrichment, and fulfilling lifestyles. Its 38 communities are built around a commitment to encourage ageless exploration, empowering residents to embrace a life of purpose, happiness, and connection.

Clarion Partners, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. With over $72 billion in total real estate and debt assets under management as of December 31, 2025, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to 500 institutional investors across the globe. Clarion Partners is a specialty investment manager of Franklin Templeton. For more information visit www.clarionpartners.com or follow us on LinkedIn.