"LOS GATOS A senior living community in Los Gatos that opened its doors earlier this year has been bought for more than $50 million by a big-time real estate investor from Chicago. Ivy Park at Los Gatos has been bought for $54 million by an affiliate controlled by Harrison Street Real Estate, according to documents filed on Nov. 5 with the Santa Clara County Recorder's Office. The 114-unit complex is located at 400 Blossom Hill Road in Los Gatos and opened its doors in May."
"An alliance of two Bay Area real estate firms, Vacaville-based Chronograph Properties and San Jose-based Swenson, developed the senior community and sold it to the Harrison Street affiliate. The purchase price was well above the January 2025 assessed value of $38.4 million as calculated by the Santa Clara County Assessor's Office. Harrison Street Real Estate, which is owned by Harrison Street Asset Management, was founded in 2005 and has been a frequent investor in senior living centers, according to the company's website."
Ivy Park at Los Gatos, a 114-unit senior living community at 400 Blossom Hill Road that opened in May, sold for $54 million to an affiliate controlled by Harrison Street Real Estate. The sale was recorded Nov. 5 with the Santa Clara County Recorder's Office. Chronograph Properties and Swenson developed the complex and sold it to the Harrison Street affiliate. The purchase price exceeded the January 2025 assessed value of $38.4 million by the Santa Clara County Assessor's Office. Harrison Street, founded in 2005 and owned by Harrison Street Asset Management, has invested approximately $14.6 billion in senior housing across about 43,000 units.
Read at www.mercurynews.com
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