A Chicago-based alternative investment management firm has purchased senior housing properties in Stamford and Darien, according to a broker representing the seller. Harrison Asset Management has purchased The Residence at Summer Street, a five-story, 104-unit building at 1551 Summer St., in Stamford, and a 102-unit, two-story building at 1 Parklands Drive, in Darien, said JLL […]
A Chicago-based alternative investment management firm has purchased senior housing properties in Stamford and Darien, according to a broker representing the seller.
Harrison Asset Management has purchased The Residence at Summer Street, a five-story, 104-unit building at 1551 Summer St., in Stamford, and a 102-unit, two-story building at 1 Parklands Drive, in Darien, said JLL Capital Markets. The seller was LCB Senior Living, which will continue to manage both properties, and Virtus Real Estate Capital.
Sale prices for both properties were not disclosed.
Amenities at The Residence at Summer Street include a bistro, library, country kitchen and pub, salon, fitness center, spa, restaurant-style dining rooms and a pet-friendly environment. The Residence at Selleck’s Woods, which sits on 3.97 acres, has a private theatre, salon, billiards room, library, activity space and restaurant-style dining rooms.
The JLL Seniors Housing Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Jay Wagner, Rick Swartz and Aaron Rosenzweig and Senior Director Jim Dooley.
The Residence at Summer Street, which has 87,201 square feet of space and was built in 2017, was appraised at $19.8 million and assessed at $13.9 million in 2024, according to property records. The Residence at Selleck’s Woods was built in 2018 and has 132,185 square feet of space. The property’s assessed and appraised values were not available from the town’s website.
