JLL Capital Markets led the sales process for Loma Clara, an assisted living and memory care facility in Morgan Hill, California
News release
14 August 2025
San Jose-area seniors housing community trades hands
SAN DIEGO, Aug. 14, 2025– JLL Capital Markets announced today it has completed the successful sale of Loma Clara, an 89 licensed-bed, Class A seniors housing community in Morgan Hill, California.
JLL’s Senior Housing Capital Markets team marketed the property on behalf of the seller, Steadfast Senior Living, and procured the buyer, LTC REIT. The buyer will retain Discovery Management as the operator of the property.
Completed in 2018, Loma Clara is a two-story building offering 42 assisted living units and 25 memory care units with 41 beds. The property is approximately 92% occupied and is a full private-pay community. Units average 529 square feet each and residents have access to amenities on-site, including a theater, fitness center, activity and game rooms, library, outdoor courtyard, walking and seating space, physical therapy space and a bistro.
Loma Clara is positioned on a 1.73-acre site at 16515 Butterfield Blvd. about 24 miles south of San Jose. The primary market area serving Loma Clara has an affluent population where more than 56,000 residents are aged 65 or older. Additionally, the community is located adjacent to a 55+ active adult community, in close proximity to a grocery-anchored retail complex, heavily traveled State Highway 101 and numerous medical facilities including a major hospital.
JLL’s Seniors 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 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.
Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.
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 $23.4 billion and operations in over 80 countries around the world, our more than 112,000 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 Steadfast Senior Living
Steadfast Senior Living’s portfolio consists of Class A mid-rise properties, garden-style communities and affordable communities for families and seniors, as well as senior living communities and resort hotels. To learn more, please visit: steadfastcompanies.com.
About LTC REIT
LTC Properties, Inc. (NYSE: LTC) is a real estate investment trust (REIT) focused on seniors housing and health care properties, investing through RIDEA, triple-net leases, joint ventures, and structured finance solutions. The Company’s portfolio includes nearly 200 properties across approximately 25 states, operated by more than 25 partners. Based on gross real estate investments, assets are balanced between seniors housing and skilled nursing centers. Learn more at www.LTCreit.com.