JS Capital Divests Detroit-Area Senior Living Facility
CBRE recently represented JS Capital in the sale of The James, a 104-bed independent senior living facility at 22111 Woodward Ave. in Ferndale, MI. Financial terms weren’t disclosed.
Jack Johns and Hank Carpenter of CBRE represented JS Capital in the transaction.
Completed in April of this year, The James is the first senior living community completed in Ferndale since the 1970s. The James offers residences ranging from studios to two-bedroom units, and includes amenities such as a fitness room, a community dining room with restaurant service and a library, movie theater and computer bar.
“This is a premier community in one of the Detroit area’s most vibrant cities,” said Johns. “This will be a great long-term investment for new ownership.”
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