JLL Capital Markets announced today that it has completed the sale and financing of The Reserve at North Dallas, a 273-unit seniors housing community in Dallas, Texas.
The Reserve at North Dallas is a three-story building offering 247 independent living and 26 assisted living units, primarily in one- and two-bedroom configurations. Community amenities include all-day dining, a bistro option, game room, wellness center, hair salon, library, media room, resident lounge and a putting green. The Reserve at North Dallas was built in 2000.
Located on a seven-acre site at 12271 Coit Rd., The Reserve at North Dallas is situated in a densely populated, highly amenitized area of north Dallas. The property has convenient access to major thoroughfares and benefits from a five-mile demographic profile of more than 94,000 residents aged 65 and older.
JLL’s Seniors Housing Capital Markets team representing the seller was led by Senior Managing Directors Jay Wagner, Rick Swartz and Aaron Rosenzweig and Senior Directors Jim Dooley and Dan Baker.
JLL’s Seniors Housing Debt Advisory team that placed the financing was led by Allison Holland.
