Quality Senior Housing Foundation, Sunrise Senior Living Receive $80.1m Financing For New Community In Southern California
LONG BEACH, Calif. — Quality Senior Housing Foundation and Sunrise Senior Living have received $80.1 million in financing for the development of a new community in Long Beach. JLL Capital Markets and H.J Sims arranged the tax-exempt bond financing on behalf of the borrowers.
Quality Senior Housing Foundation will own the community, which Sunrise Senior Living will operate. Upon completion, the property — Sunrise of Long Beach — will comprise 102 licensed beds across 86 apartments. Residences will include 62 assisted living units and 24 memory care units.
Sunrise Development Inc. is serving as the developer of the 78,227-square-foot project, with W.E. O’Neil Construction Co. acting as the general contractor and HPI Architecture providing design services.
The community is scheduled to open in the first quarter of 2027.
The post Quality Senior Housing Foundation, Sunrise Senior Living Receive $80.1M Financing for New Community in Southern California appeared first on Seniors Housing Business.
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