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California  + Los Angeles  + Finance  | 
JLL Capital Markets arranged financing for Varenita of Westlake, an 86-unit assisted living and memory care community in Thousand Oaks, CA

Thousand Oaks Assisted Living Lands $43M Loan

JLL Capital Markets arranged $43.24 million in financing for Varenita of Westlake, an 86-unit assisted living and memory care community in Thousand Oaks. Director Alanna Ellis and associate Ace Sudah represented the borrower, Westlake Senior Living, Center, LLC, to secure the five-year loan from a regional bank.

The Class A community consists of 58 assisted living units and 28 memory care units across three stories with surface and underground parking. It features a mix of predominantly one-bedroom units, with studios and two-bedroom units.

Located at 95 Duesenberg Dr., Varenita of Westlake is located within walking distance of some of the nation’s largest retailers and less than four miles from The Oaks, an open-air and enclosed shopping center.

Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.

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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 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).

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