Estancia Senior Living

Fallbrook, California

Contour acquired Estancia Senior Living in October 2021 for $35 million in Fallbrook, an underserved coastal sub-market in north San Diego County. The two-story assisted living facility was built on a 3.4-acre lot and encompasses 88,892 square feet with a mix of 79 assisted living accommodations and 25 memory care rooms for a total of 104 units. The sale also included approximately 5 acres of additional vacant land, located directly adjacent to the property.

 

The facility is operated by Meridian Senior Living, a top nationally ranked operator in the space. Amenities include restaurant-style dining, two landscaped courtyards, fitness classes, physical therapy center, daily wellness and social activities, beauty salon, spa and hot tub, movie theater, transportation services, laundry facilities and more. 

TYPE

Acquisition

ADDRESS

1735 S Mission Rd
Fallbrook, CA 92028

HIGHLIGHTS

Two-stories
88,892 square feet
104 units

SIZE

3.4 acre lot
5 acres of additional vacant land also included in the purchase

STATUS

Occupied

"The sale, which closed on Oct.1, also included approximately five acres of additional vacant land located directly adjacent to the property that could be used for a future expansion
THE SAN DIEGO DAILY TRANSCRIPT
"Estancia Senior Living is within walking distance of several shopping and dining options and less than 2 miles from the Los Jilgueros Preserve and Ingold Sports Parks."
MULTI-HOUSING NEWS
"Although senior housing took a serious hit from the pandemic, the sector bounced back quicker than expected, restoring the confidence of lenders and investors alike."
MULTI-HOUSING NEWS
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