Jll Arranges Sale Of 88-unit Assisted Living, Memory Care Property In New Jersey

FRANLIN LAKES, N.J. — JLL Capital Markets has arranged the sale of Sunrise of Franklin Lakes, an 88-unit assisted living and memory care property located in Franklin Lakes, roughly 30 miles northwest of New York City. 

Developed in 2021, the community comprises a two-story building with 51 assisted living and 37 memory care residences. Assisted living offerings at the property include studio, one- and two-bedroom apartments, and memory care units are available in private or and semi-private configurations. Amenities at the community include activity rooms and social areas, a bistro, theater, computer room and physical therapy gym. 

JLL’s Seniors Housing team, with JLL’s New Jersey team, represented the undisclosed seller in the transaction. 

Sunrise Senior Living will be retained as the operator. 

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