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Tuesday, Dec 6, 2022
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Valley Assisted Living Homes Sold

Los Angeles real estate brokerage CBRE Inc. has arranged the sale of a $1.15 billion portfolio that includes several Valley health care properties. The 19-property portfolio included a mix of assisted living, independent living and memory care facilities for seniors. Eighteen of the properties are in California and one is in Washington. Valley properties include Vintage Simi Valley and Vintage Burbank, both independent and assisted living facilities. The portfolio’s buyer was Welltower Inc., a Toledo, Ohio-based real estate investment company. The sellers were affiliates of Vintage Senior Living and their investment partners. “This transaction represents one of the most significant portfolios of first-class, institutional-grade senior housing platforms on the West Coast,” said Matthew Whitlock, executive vice president with CBRE Capital Markets’ National Senior Housing team. Whitlock, together with partners Lisa Widmier, executive vice president, and Aron Will, vice chairman, represented the sellers in the transaction.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.
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