HOUSTON – Chicago Pacific Founders has purchased The Shores at Clear Lake from Meridian Realty Advisors.
The 100-unit senior living community spans 90,000 sf across almost eight acres. It has 66 assisted-living and 34 memory-care units in studio and one- and two-bedroom floor plans.
Amenities include a lounge, outdoor patio, courtyard, dining areas, movie theater, and memory-care services.
The community opened in 2018 and is 92 percent occupied.
JLL Capital Markets represented the seller and arranged $21.3 million in financing for the buyer. The loan servicer is JLL Real Estate Capital LLC.
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