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8/15/25
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Loma Clara, an 89 licensed-bed, Class A seniors housing community in Morgan Hill, CA has traded hands. The property, built in 2018, was acquired by LTC REIT, who will retain Discovery Management as the operator of the property.
Loma Clara is a two-story building offering 42 assisted living units and 25 memory care units with 41 beds. The property is approximately 92% occupied and is a full private-pay community. Units average 529 square feet each and residents have access to amenities on-site, including a theater, fitness center, activity and game rooms, library, outdoor courtyard, walking and seating space, physical therapy space and a bistro.
Loma Clara is positioned on a 1.73-acre site at 16515 Butterfield Blvd, about 24 miles south of San Jose. The primary market area serving Loma Clara has an affluent population where more than 56,000 residents are aged 65 or older. Additionally, the community is located adjacent to a 55+ active adult community, in close proximity to a grocery-anchored retail complex, heavily traveled State Highway 101 and numerous medical facilities including a major hospital.
JLL’s Seniors Housing Capital Markets team procured the buyer and marketed the property on behalf of the seller, Steadfast Senior Living. The price was not disclosed.
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