JLL Capital Markets has successfully secured a $43.24 million loan for Varenita of Westlake, an 86-unit assisted living and memory care community in Thousand Oaks. The borrower, Westlake Senior Living Center LLC, was represented by Director Alanna Ellis and Associate Ace Sudah in obtaining the five-year financing from a regional bank.
This Class A community boasts 58 assisted living units and 28 memory care units spread across three stories with both surface and underground parking options. Its unit mix primarily consists of one-bedroom apartments, along with studios and two-bedroom units.
Conveniently located at 95 Duesenberg Drive, Varenita of Westlake offers easy access to some of the nation’s largest retailers within walking distance. Additionally, it is less than four miles away from The Oaks shopping center which features both open-air and enclosed shopping options.
The article “Thousand Oaks Assisted Living Lands $43M Loan” was originally published on Connect CRE.
