Harrison Street Divests Oxnard Independent Living Property

Harrison Street Asset Management has sold Clearwater at Riverpark, a 136-unit Class A independent living community in Oxnard. Although JLL, which arranged the sale, did not disclose the sale price or specify the buyer, published reports said healthcare REIT Ventas paid $55.7 million.

Built in 2018 within the master-planned Riverpark development and operated by Clearwater Living, Clearwater at Riverpark sits adjacent to The Collection at Riverpark retail and entertainment destination and is located near Oxnard State Beach. The 153,297-square-foot community has been nationally recognized by U.S. News & World Report.

JLL Capital Markets’ Sales and Advisory team representing the seller was led by senior managing director Aaron Rosenzweig and senior director Dan Baker. “Clearwater at Riverpark exemplifies the institutional-quality independent living assets that continue to attract premier capital in today’s market,” said Rosenzweig. “This community’s combination of modern construction, stabilized operations and an irreplaceable location in coastal California created significant buyer interest from a deep pool of institutional capital.”

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Inside The Story

JLL's Rosenzweig

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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