Brentwood Assisted Living Community Trades for $39M
JLL Capital Markets has closed the $39M sale of Cortona Park, an assisted living community in Brentwood, CA. JLL’s Managing Directors Charles Bissell and Cody Tremper along with Director Dean Ferris represented the seller, Northwestern Mutual. The buyer was a joint venture between Cogir Senior Living and a national investment partner. Cogir will operate the community and rebrand it Cogir of Brentwood.
The facility consists of studio, one- and two-bedroom units averaging 760 square feet. The apartments feature granite counters, washer and dryer and private balconies. Community amenities include a library, cafe, beauty shop, pool, theatre, 24-hour security, postal services and a business center.
Cortona Park is adjacent to John Muir Health Urgent Care and is within 5 miles of Kaiser Permanente Medical Center and 7 miles from Sutter Delta Medical Center. Residents also have convenient access to BART, providing transportation to the greater Bay Area.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.