San Diego, CA – As exclusive advisor to Torrey Pines Development Group, Cushman & Wakefield Senior Housing Capital Markets arranged a sale of Felicita Vida, a 91-Unit / 117 Bed assisted living and memory care community in San Diego, CA.
The Asset was purchased by Healthcare Trust Inc., a public, non-traded real estate investment trust based in New York.
Located in Escondido, a substantial submarket of North County San Diego, Felicita Vida is a 2015-built Class-A community that represents the highest quality and newest construction in the area by a wide margin. The two-story property sits on a well-manicured 4.3-acre site and incorporates Spanish and Southwestern architectural elements. The unit mix is comprised of 53 assisted living units and 38 memory care units (64 beds).
The Cushman & Wakefield team involved in the transaction included Vice Chairman Rick Swartz, Executive Managing Director Jay Wagner, Managing Director Aaron Rosenzweig, Directors Dan Baker and Tim Hosmer and Associate Bailey Nygard.
“Felicita Vida represents a premier offering in its market and is well-positioned to be a top performer for years to come” said Rosenzweig.