Boston, Massachusetts (December 15, 2023) — JLL Capital Markets announced today that it arranged the successful recapitalization of the Residence at Valley Farm, a senior living community in Ashland, Massachusetts. JLL represented the seller, Bridge Investment Group, and procured the buyer, Blue Moon Capital Partners. Blue Moon has retained LCB to operate the community.
The Residence at Valley Farm is located on Pond Street in Ashland, a bedroom community 25 miles west of Boston. The commuter rail station in town and the nearby Massachusetts Turnpike (I-90) provide access throughout the region. The suburb offers relative affordability to the Boston MSA while maintaining excellent income demographics and is in prime proximity to the nearby 495 Tech Corridor and several corporate headquarters located in the Metro West submarket.
Valley Farm is a Class A assisted living and memory care community situated on a spacious 2.88-acre site. The property was built in 2015, incorporating modern architectural elements and design concepts and offers a total of 80 units. The three-story community enjoys a tranquil and secure environment, enhanced by well-maintained landscaping and numerous amenities.
The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Jay Wagner and Rick Swartz, Director Jim Dooley and Analyst Sean Kirk.
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. JLL is a Fortune 500® company with an annual revenue of $20.9 billion, operations in over 80 countries around the world and more than 103,000 employees. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Formed in 2010, LCB Senior Living is a vertically integrated senior housing investment and operating company with 36 properties owned and/or managed throughout the northeast. LCB’s strategy is to develop, acquire and operate institutional quality private-pay assisted living and memory care residences in the Northeast corridor with emphasis on New England, Metro New York / Northern New Jersey and the greater Philadelphia and D.C. areas. The LCB Senior Living team has more than 20 years of experience in identifying, acquiring and entitling land as well as executing the full spectrum of development activities from product design through construction completion and lease up. With that experience as assisted living managers, the team has developed an operations philosophy focused on community relationships and resident-centered care.
Blue Moon invests exclusively in senior housing on behalf of institutional investors through a series of commingled funds and separate accounts. Blue Moon’s leadership team has over 65 years of experience in senior housing finance and operations and is headquartered in Boston, Massachusetts. More information can be found at www.bluemooncp.com.