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Chicago & Midwest  + Midwest  + Senior Housing  |  August 11, 2026
Jasmine Kilman
By: Jasmine Kilman

JLL Arranges Sale of Two Twin Cities Seniors Housing Properties

JLL has arranged the sale of Boulder Ponds Senior Living and Round Lake Senior Living, a 216-unit portfolio of seniors housing communities located in Lake Elmo and Arden Hills, Minnesota.

JLL’s Seniors Housing Capital Markets team represented the seller, Trident Development, in the transaction and secured the buyer, LTC Properties, Inc. Lifespark will remain the operator of both communities.

Developed by Trident Development, the portfolio comprises two purpose-built communities strategically located within the Twin Cities submarkets. Both communities offer independent living, assisted living and memory care services.

Boulder Ponds Senior Living, completed in 2020, is a 95-unit community in Lake Elmo located at 192 Jade Trail N. The property has demonstrated strong operating performance and stability, maintaining approximately 98% occupancy. Round Lake Senior Living, which opened in 2023, is a 121-unit community in Arden Hills at 1740 Parkshore Dr. The community benefits from convenient access to major employment centers, retail amenities and healthcare services.

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JLLTrident Development

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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