JV Acquires Seniors Facility in San Diego’s Clairemont Neighborhood

JV Acquires Seniors Facility in San Diego’s Clairemont Neighborhood
News| October 21, 2026| Paul Bubny
California & West

Marcus & Millichap arranged the sale of Canyon Villas, a 122-unit, 122-operating bed, independent living, assisted living and memory care facility with 133 licensed beds in the Clairemont neighborhood of San Diego. Pricing was not disclosed.

“Our marketing process on Canyon Villas generated multiple high-quality offers and provided the buyer with a compelling value-add opportunity in a highly sought after San Diego submarket,” said Hap Knowles, director investments in Marcus & Millichap’s Orange County office. “With improving operational efficiencies and meaningful rent growth potential, the community is well-positioned to deliver steady, long-term cash flow and a strong foundation for future value creation.”

Knowles, Nick Stahler, and Michael Mooney of Marcus & Millichap, in association with Tony Solomon, Marcus & Millichap’s California broker of record, represented the seller, San Diego Christian Foundation, and procured the buyer, a regional private equity group in a joint venture with a local operator.

Other News

SJP Partnership Tops Out Construction on Jersey City Apartments

New York & Tri-State + Apartment Buildings

SJP Properties, in partnership with Claremont Development and Battery Global Advisors, announced that The Lucy, a new luxury residential tower, has topped out. Located at 619 Grove St. in Jersey City, the residential community includes 444 apartments and a full suite of amenities. The design preserves and restores historically significant portions of the site’s original...

Learn more

Woodbourne And Capital Developments Start 500-Unit Toronto Rental Tower

Canada + Apartment Buildings

A downtown Toronto tower once planned for condominiums is moving ahead as a 508-unit rental development, with Woodbourne and Capital Developments breaking ground on the 50-storey project at 88 Isabella St. The start of construction marks a significant shift for the Church-Wellesley property. An earlier proposal called for a 62-storey condominium tower, but revised plans...

Learn more

Ontario Targets 80% Cut In Archaeological Approval Times

Canada + Apartment Buildings

Ontario is proposing a major overhaul of archaeological approvals that could shave months or even years off development timelines, removing a potential obstacle for housing, industrial and infrastructure projects. The province announced proposed legislative changes Tuesday aimed at reducing archaeological approval timelines by an average of 80% while increasing assessment capacity by 45%. Under the...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up