Sub Markets

Property Sectors

Topics

New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New York & Tri-State  + New Jersey  + Senior Housing  | 

Sunrise Senior Living Facility Changes Hands in Bergen County

JLL Capital Markets completed the sale of Sunrise of Franklin Lakes, an 88-unit assisted living and memory care facility in Franklin Lakes, NJ. The buyer and sale price were not disclosed.

JLL’s Seniors Housing team, alongside JLL’s New Jersey team, represented the seller and procured the undisclosed buyer in the transaction. Sunrise Senior Living has been retained as the property manager.

Completed in 2021, Sunrise of Franklin Lakes consists of a two-story building home to 51 assisted living and 37 memory care units. The community offers studio, one- and two-bedroom layouts for assisted living and private or semi-private memory care units. Amenities include activity rooms and social areas, a bistro that augments a main dining room, theatre, computer room, physical therapy gym and weekly housekeeping and laundry.

Sunrise of Franklin Lakes is positioned on a 4.62-acre site at 728 Franklin Ave. in Bergen County. Franklin Lakes is approximately 25 miles northwest of Midtown Manhattan.

Read More News Stories About: JLL
Connect

Inside The Story

JLL Seniors Housing

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Sale/Acquisition