Kisco Buys Bay Area Senior Living Community
The 184-unit The Kensington at Walnut Creek is the company's second buy in this market.
The Kensington at Walnut Creek. Image via Google Street View
Kisco Senior Living has acquired The Kensington at Walnut Creek, a 184-unit senior housing asset in Walnut Creek, Calif. The property, which opened 34 years ago, is Kisco’s second community in this market.
The property has one- and two-bedroom floorplans for assisted living as well as memory care units. Each unit has its own outdoor space, while common-area amenities include several courtyards, walking paths and a putting green. Residents can take part in exercise classes, community outings and live entertainment.
Located on 6 acres at 1580 Geary Road, The Kensington at Walnut Creek is halfway between Walnut Creek and Pleasant Hill. Several shopping, dining and entertainment options such as a Whole Foods Market and Las Trampas Regional Wilderness Park are available within a 5-mile radius.
In 2017, Kisco Senior Living partnered with PGIM Real Estate to purchase the 187-unit Byron Park in Walnut Creek. In June, a joint venture between Kisco and Harrison Street acquired another California senior living property. The luxury 201-unit Crestavilla in Laguna Niguel traded for $115.6 million. Kisco now operates 22 senior living properties across six states.
