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HarborChase of Wilmington, a luxury 96-unit assisted living and memory care community in Wilmington, Del., has sold for $45 million. Open since 2018, the Class A property consists of 64 assisted living units in one- and two-bedroom layouts and 32 memory care units.
JLL Capital Markets arranged the deal and represented the seller, a private equity firm. Harbor Retirement Associates, a regional senior living development and management company based in Vero Beach, Fla., will continue to manage the community for the buyer, a publicly traded REIT.