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11/10/25
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Cypress Court, a 148-unit independent and assisted living seniors housing community in Escondido, was acquired by Azure Partners. The property sits on a 2.54-acre site at 1255 N Broadway, east of I-15 at the intersection with El Norte Pkwy.
Cypress Court offers 76 independent living units and 72 assisted living units in a fully licensed community. The four-story building features a parking garage, an outdoor garden, dining room, salon and barbershop, fitness center, activities room, library, art studio and a theater. Cypress Court also offers residents on-site programming, scheduled transportation and weekly housekeeping and linen service.
The site is a densely populated area of San Diego, surrounded by residential neighborhoods, medical offerings and retail shops. There are more than 481,000 residents within a 15-minute drive of the property and the average household income is approximately $142,606. Of this population, the aged 75+ category is expected to grow by more than 25% in the next three years.
A JLL Seniors Housing Capital Markets team led by Aaron Rosenzweig and Dan Baker procured the buyer and represented the seller, an affiliate of Kisco Senior Living. JLL also arranged a 10-year, acquisition loan for the buyer through Freddie Mac. Northstar Senior Living will continue to manage the asset for the new ownership.
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