Azure Partners has acquired Cypress Court, a 148-unit independent and assisted living senior housing community in the Escondido submarket of San Diego.
Cypress Court offers 76 independent living units and 72 assisted living units in a fully licensed community. The four-story building features a parking garage, outdoor garden, dining room, salon and barbershop, fitness center, activities room, library, art studio, and theater. Cypress Court also offers residents on-site programming, scheduled transportation, and weekly housekeeping and linen service.
The property sits on a 2.54-acre site at 1255 N. Broadway in a densely populated area of San Diego, surrounded by residential neighborhoods, medical offerings and retail shops.
JLL marketed the property on behalf of the seller, an affiliate of Kisco Senior Living, and procured the buyer, Azure Partners. JLL also arranged the 10-year acquisition loan through Freddie Mac, on behalf of Azure. Northstar Senior Living wil
