By Veronica Grecu
David Rothschild, Mary Christian and Allen McMurty of Cushman & Wakefield’s National Senior Housing Investment Advisory negotiated the sale on behalf of the seller, Vintage Senior Housing of Newport Beach, Calif. Cushman & Wakefield also procured the buyer, an unnamed entity. Financial terms of the transaction remained undisclosed.
The new owner selected Senior Resources Group of San Diego to manage the luxury senior community.
Located at 24903 Moulton Parkway in an area that is home to some of the best medical facilities in Orange County, The Wellington consists of 233 luxury independent and assisted living units in a resort-style environment. The senior living community also offers a list of indoor and outdoor amenities, such as restaurant-style dining, game room, full-service barber and beauty salon, fitness center, heated swimming pool and spa, Palliative care and medical support, residents’ lounge, library, media/TV room and an outdoor putting green.
“The transaction generated a tremendous amount of interest in the investment marketplace due to its irreplaceable Orange County location. In addition, excellent income demographics as well as its location next to the 55+ master planned community, Laguna Woods, with 14,400 residents, made The Wellington an outstanding investment opportunity,” said David Rothschild.