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9/08/25
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Sunrise of Long Beach, a new Sunrise Senior Living community, has landed $80.07 mil in tax-exempt bond financing. The project, an 86-unit seniors housing community in Long Beach, is a development of Quality Senior Housing Foundation Inc and Sunrise Senior Living.
The two-story, 78.2k sf community, located at 3340 North Los Coyotes Diagonal, will feature 62 assisted living and 24 memory care apartments across 102 licensed beds. Assisted living accommodations will include generously sized studio layouts with private bathrooms, kitchenettes with refrigerators and individually controlled HVAC systems, while memory care offerings will include both private studios and shared suites, thoughtfully designed to accommodate couples or roommate preferences.
Designed in a Spanish Revival architectural style, with smooth stucco exteriors and tile roofs, the community will include an expansive lifestyle amenity package featuring a wellness center, multiple dining venues including a formal dining room and casual bistro, library, theater room, fitness center, beauty salon and four secure landscaped courtyards.
The community is strategically positioned in an affluent residential area near the Long Beach-Orange County border, with convenient access to major transportation corridors, including the I-605 and I-405 freeways. This prime infill location provides convenient access to regional medical facilities, shopping and dining, all while
JLL’s Seniors Housing Capital Markets team, in collaboration with the bond underwriting teams of HJ Sims and JLL Securities, secured the financing through California Public Finance Authority Senior Living Revenue Bonds, Series 2025A.
Sunrise Development Inc is serving as the developer for the project, with W.E. O'Neil Construction Company of California, as general contractor and HPI Architecture providing design services. The community is expected to open in the first quarter of 2027.
According to Jay Wagner, Senior Managing Director and co-head of JLL Capital Markets' Seniors Housing group, the project represents only the second new senior living community to be delivered within five miles of the site in the past 22 years, highlighting the high barriers to entry in this desirable submarket.
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