An affiliate of Meridian Senior Living has acquired Pine Grove Crossing, a 127-unit assisted living and memory care community in Parker, Colo., within the Denver MSA.
JLL’s senior housing team represented the seller, a real estate private equity group. Meridian will the community on behalf of an institutional investor.
Completed in 2018, Pine Grove Crossing offers 100 assisted living and 27 memory care units in a three-story building. Residents have access to weekly shuttle bus excursions, private transport services for appointments, a beauty salon and barbershop, a gym with daily fitness classes, a library and outdoor patio space. In addition, all-day, full-service dining is provided to all residents, and there is also an on-site bistro for coffee and pastries. Pine Grove Crossing is currently more than 90 percent occupied.
The property is located at 19160 Cottonwood Drive on a 4.41-acre site with plentiful surface parking. The immediate area surrounding the
