Inland Acquisitions Purchases Senior Living Community in Colorado
Inland Real Estate Acquisitions LLC, the purchasing arm for various Inland-sponsored programs including Delaware statutory trusts, has purchased Jackson Creek Senior Living, a 132-unit senior living community in Monument, Colo., approximately 20 miles north of Colorado Springs. The purchase price was not disclosed.
Constructed in 2017 within a master-planned development and located at 16601 Jackson Creek Parkway, Jackson Creek is comprised of 27 independent living, 75 assisted living, and 30 memory care units. The community also features a variety of social and lifestyle amenities, including dining areas, a library, fitness center, salon, movie theater, complimentary transportation, daily resident safety checks, and 24-hour concierge service. Jackson Creek is conveniently located 1.5 miles from the Tri-Lakes Health Pavilion, and nine miles from UCHealth Memorial Hospital in Colorado Springs.
“Jackson Creek Senior Living provides a continuum of care that allows residents to age in place and comfort while enjoying high-end amenities and an engaging lifestyle,” said Cosenza. “The property’s combination of high quality resident amenities and care underscores the types of senior living properties we continue to seek for acquisition.”
Jackson Creek Senior Living has maintained an average occupancy of 96% over the last year.
Dial Senior Living will manage the Jackson Creek Senior Living community, further expanding its strategic relationship with Inland. Founded in 1999 and based in Omaha, Neb., Dial Senior Living is a fully integrated company that invests in, develops, and manages senior living communities throughout the United States.
Since inception, Inland Acquisitions has facilitated more than $56 billion of purchases across all asset types, with a more recent focus on student housing, multifamily, self-storage, senior living and manufactured housing communities.
Earlier this week, AltsWire reported on its acquisition of The Arboretum, a 292-unit luxury multifamily property in Farmingville, N.Y. Inland purchased the property for $190 million from BRP Companies. JLL Capital Markets represented the seller in the transaction.
Headquartered in Oak Brook, Ill., the Inland Real Estate Investment Corporation, i.e., Inland Investments, is a real estate investment manager and a member company of The Inland Real Estate Group of Companies Inc., one of the nation’s largest commercial real estate and finance groups. Inland Investments specializes in offering public and private tax-advantaged, growth and income real estate solutions spanning virtually every sector of the commercial real estate market.
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