**LTC REIT Acquires Private-Pay Seniors Housing Community in Morgan Hill**
JLL Capital Markets has announced the successful sale of Loma Clara, a Class A senior housing community located in Morgan Hill, California. The 89-licensed-bed property was sold for an undisclosed amount. The transaction was facilitated by JLL’s Senior Managing Director Aaron Rosenzweig and Senior Director Dan Baker, who represented the seller, Steadfast Senior Living. LTC REIT acquired the property and will retain Discovery Management as its operational partner.
Originally completed in 2018, Loma Clara is a two-story facility comprising 42 assisted living units and 25 memory care units, totaling 41 beds. The community currently maintains an impressive occupancy rate of approximately 92% and operates as a fully private-pay residence. Individual units average 529 square feet, and residents benefit from a wide range of on-site amenities catering to their lifestyle and care needs.
Situated on a 1.73-acre parcel at 16515 Butterfield Boulevard, Loma Clara is strategically located about 24 miles south of San Jose. The community is positioned within a growing, affluent area where more than 56,000 residents are aged 65 and older, underscoring strong demand for senior housing in the region.
This acquisition highlights continued investor interest in high-quality senior housing communities, particularly those in strong demographic markets and operating with private-pay models.
