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California  + Bay Area  + Senior Housing  | 

Faris Lee Completes $39M Senior Housing Deal in Hayward

Florida-based Kayne Anderson Real Estate acquired Casa Sandoval, a 187,926-square-foot senior housing community in Hayward, CA, for $39 million. Constructed in 1990, the community offers a total of 235 licensed beds for independent, assisted living, and memory care expansion under a redevelopment capital investment improvement plan.

The private equity firm acquired the property using its recently raised $1.85 billion private equity fund; Kayne Anderson Real Estate Partners (KAREP V), a fund focused on senior housing, medical office buildings along with student housing.

Faris Lee Investments Gene Ventura represented the buyer in the off-market transaction.

Ventura says, “The rate at which American Seniors are retiring is staggering. Nearly 80 million baby boomers will reach 65 by 2025, creating a great demand for senior living communities. This sector is experiencing a new high and with its proven resilience to the economic expansions and contractions, we are confident that this sector will continue to thrive over the next decade.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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