A luxury senior living community in Newport Beach is under new ownership after a nearly $90 million transaction. Maryland-based Artemis Real Estate Partners acquired the 168-unit Atria Newport Beach at 393 Hospital Road for $88.5 million, or $526,785 per unit, Commercial Observer reported. An affiliate of health care real estate investment trust Ventas was the seller. JLL Capital Markets arranged the sale and financing. The Atria Newport Beach property consists of two three-story buildings completed or renovated in 2021 and 2023. The units range from studio to two-bedroom floor plans and are split between independent living, assisted living and memory […]
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