Jonathan Rose Companies Acquires Coventry Court Senior Housing In Tustin For $83M

The property at 16000 Cambridge Street in Tustin, California, is a senior housing complex known as Coventry Court. The asset comprises 240 units, which include both affordable and market-rate housing options. The sale was executed for a total transaction amount of $83,000,000, resulting in a price per unit of $345,833.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $83,000,000
• Units: 240
• Price Per Unit: $345,833
• Buyer: Jonathan Rose - Jonathan Rose Companies
• Seller: John Huskey - Meta Housing
• Broker Representatives: Jim Fisher, Mike Smith, Tommy Yates & Vince Norris - NorthMarq

This transaction highlights key players in the senior housing market, where Jonathan Rose Companies successfully acquired the property from Meta Housing, facilitated by NorthMarq's brokerage team, which includes four representatives instrumental in the deal.