Chicago & Midwest + Midwest + Senior Housing | September 27, 2019

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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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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