JLL announces the sale of Sunrise Senior Living Community in Northern New Jersey to a new investor

Franklin Lakes, NJ — JLL Capital Markets announced that it has completed the sale of Sunrise of Franklin Lakes, an 88-unit assisted living and memory care facility in Franklin Lakes.

JLL’s Seniors Housing team, alongside JLL’s NJ team, represented the seller and procured the undisclosed buyer in the transaction. Sunrise Senior Living has been retained as the property manager.

Sunrise of Franklin Lakes consists of a home to 51 assisted living and 37 memory care units. The community offers studio, one- and two-bedroom layouts for assisted living and private or semi-private memory care units. Amenities include activity rooms and social areas, a bistro that augments a main dining room, theatre, computer room, physical therapy gym and laundry.

Sunrise of Franklin Lakes is positioned on a 4.62-acre site at 728 Franklin Ave. in Bergen Country, an affluent county in NNJ. Franklin Lakes is 25 miles northwest of Midtown Manhattan in a supply constrained market with exceptional home values and high density.