
Memorial Hermann - Webster, TX
300 Rogers Court, Webster, TX, 77598, US
£4,588,000 | 11,625 sf
JLL Seniors Housing Capital Markets is pleased to exclusively offer for sale two seniors housing communities (“Portfolio,”). The Reserve at North Dallas in Dallas, TX and Thunderbird Senior Living in Phoenix, AZ are offered independently to the market, and prospective buyers are able to acquire each individually or together. Each community is currently managed by Stellar Senior Living.
The Reserve at North Dallas is a 274 unit independent and assisted living community that is 100% private pay. Originally built in 2000, the community offers substantial upside through continued leasing. Stellar assumed management in Q3 2024 and has ignited material improvements since then, and the community is well positioned to achieve stabilization within the next two years.
Thunderbird Senior Living is a 345 unit independent, assisted living, and memory care community that is 100% private pay and located in the densely populated Glendale, Arizona submarket of Phoenix. Originally built in 1986, the property was thoroughly renovated in 2014-2015. The community offers high upside through continued leasing and margin improvement. Stellar also took over operations in 2024 and has effectuated considerable improvements since then, and the community is well positioned to achieve stabilization in 2026.