Walnut Creek, CA – Cushman & Wakefield, as exclusive advisor to a joint venture between Kisco Senior Living and an institutional investor, has arranged the recapitalization of Byron Park, a well-established and upscale senior housing asset located in the Bay Area submarket of Walnut Creek, California. The community was recapitalized by a joint venture between Kisco and an institutional real estate owner.
A fixture of the Walnut Creek community, Byron Park offers upscale independent and assisted living options across 187 units. The community is managed by Kisco Senior Living, who will maintain operations under new ownership.
Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig, Dan Baker and Bailey Nygard handled the transaction.
About Kisco Senior Living
Kisco Senior Living, based in Carlsbad, California, operates 21 full service senior living communities in six states offering independent living, assisted living and in some locations, memory care and skilled nursing. Kisco is proud to expand their portfolio to include their new Signature Communities with an elevated delivery of five-star hospitality. Signature Communities are purposefully designed to create a unique environment with expanded levels of services, amenities and experiences designed to empower, enrich and enhance residents' lives to pursue their passion and purpose. For more than 30 years, Kisco Senior Living has specialized in developing and managing full-service senior living communities with a portfolio featuring a wide spectrum of individualized services and lifestyle options. Our unique approach and philosophy, called Kisco Confidence, is centered on giving residents and associates peace of mind knowing that our communities deliver on safety and security, trust and transparency, health and wellbeing and a 5-star lifestyle experience. For more information, please call (760) 804-5900 or go to kiscoseniorliving.com.
Cushman & Wakefield Arranges Sale of 187-Unit Class A Senior Housing Asset in Walnut Creek, California
Jayden Lapin-Tatman • 9/1/2022
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.