Deborah Harmon And Holly Belter-Chesser Acquire Atria Newport Beach Senior Housing For $88.53M

The Atria Newport Beach senior living community, located at 393 Hospital Road in Newport Beach, CA, has been acquired by an investment venture tied to Artemis Real Estate Partners and Atria Senior Living. The transaction was completed at a sale price of $88.53 million for 168 units, which translates to approximately $527,000 per unit. This property, developed between 2021 and 2023, provides independent living, assisted living, and memory care services, with Atria continuing to manage the community under its Signature Collection brand.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $88,531,000
• Units: 168
• Price Per Unit: $526,970
• Buyer: Deborah Harmon - c Partners; Holly Belter-Chesser - Atria Senior Living
• Brokers: Aaron Rosenzweig & Dan Baker - JLL

The deal involved key figures in the real estate industry, specifically Deborah Harmon from c Partners and Holly Belter-Chesser representing Atria Senior Living. The brokerage team of Aaron Rosenzweig and Dan Baker from JLL facilitated the transaction, aiding both buyers in successfully acquiring the asset.