David Gilbert Of Clarion Partners Acquires Senior Housing Communities In Stockton And Manteca

The transaction involves two senior housing communities located at 10711 Thornton Road and 2241 North Union Road in Stockton & Manteca. The asset type is senior housing with a total of 198 units, comprising 100 units in The Commons on Thornton and 98 units in The Commons at Union Ranch. At the time of the sale, the occupancy rates were 94% and 97% respectively.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: Not specified
• Units: 198
• Buyer: David Gilbert - Clarion Partners
• Seller: Kevin Bowman - MBK Senior Living
• Brokers: Aaron Rosenzweig & Dan Baker - JLL
• Occupancy Rates: 94% and 97%

MBK Senior Living sold the properties on behalf of a commingled fund, with JLL representing the seller in the transaction. Aaron Rosenzweig and Dan Baker were the leading brokers in facilitating this deal.