Ventas, a publicly traded REIT, recently acquired The Country Club of La Cholla for $78.5 million. This 217-unit senior living community is located on Tucson’s north side and offers both independent and assisted living options.
Situated on 10.6 acres at 8700 N. La Cholla Blvd., the property spans over 236,466 square feet and boasts a prime location near popular attractions such as the Omni Tucson National Resort and Golf Course, Foothills Mall, Northwest Medical Center, as well as various dining and entertainment options.
Under previous ownership by Chicago Pacific Founders in partnership with Grace Management (a subsidiary of CPF Living Communities), The Country Club of La Cholla maintained an impressive average occupancy rate of 97% in 2019.
Residents at this full-service senior living community can enjoy amenities such as an on-site beautician service, meals provided by the facility’s kitchen staff,
a swimming pool/hot tub area,
and indoor common areas for socializing with other residents.
With its range of care services including independent living,
assisted living,
and respite care options available to residents,
The Country Club of La Cholla provides a comfortable home environment for seniors looking to maintain their independence while receiving necessary support.
This recent acquisition further solidifies Ventas’ position in the senior housing market.
Overall,
the purchase demonstrates strong demand for quality senior housing communities like The Country Club
of
La Cholla that offer exceptional amenities within desirable locations.
