Long Beach Senior Housing Lands $80M
The assisted living and memory care community will open in early 2027.
Sunrise Senior Living and Quality Senior Housing Foundation Inc. have obtained $80 million in tax-exempt bond financing for Sunrise of Long Beach, an 86-unit luxury senior housing community in Long Beach, Calif.
JLL Capital Markets and HJ Sims arranged the financing through California Public Finance Authority Senior Living Revenue Bonds, Series 2025A.
Sunrise Development Inc. serves as the developer of the project, along with W.E. O’Neil Construction as general contractor and HPI Architecture handling design services. Completion is expected in early 2027.
READ ALSO: Why Senior Housing Prospects Just Got Brighter
Back in April, JLL and HJ Sims partnered to secure roughly $239.7 million in both tax-exempt and taxable bond financing for Integrated Senior Foundation. The funding supported the acquisition of a senior living community in Arizona and the development of two additional properties—one in Arizona and another in California. JLL also recently arranged a $38.4 million refinancing loan for The Lofts at Helmetta, a 200-unit adaptive reuse mid-rise apartment and townhome community located in Helmetta, N.J.
A closer look at Sunrise
Featuring Spanish Revival architecture, the 78,227-square-foot building will include a fitness center, a wellness center, several dining venues, a library, a theater, a beauty salon, family gathering spaces and four secure landscaped courtyards, among others—amenities designed to support resident satisfaction and well-being.
Sunrise of Long Beach will encompass 62 assisted living and 24 memory care apartments across 102 beds. Assisted living units will offer studio layouts with private bathrooms and kitchenettes, while memory care units will include a mix of private and shared suites.
Located at 3340 N. Los Coyotes Diagonal, Sunrise of Long Beach is close to the El Dorado Nature Center, Long Beach Towne Center, medical centers and numerous dining options. The development is located in an upscale residential area near the Long Beach–Orange County border—near Interstates 605 and 405, which allow easy access across metro Los Angeles.
