JLL Arranges Sale of Clearwater at Riverpark Senior Living Community for Harrison Street in Oxnard, California

JLL has arranged the sale of Clearwater at Riverpark, a 136-unit Class A independent living community located at 750 Clyde River Place in Oxnard, California, the firm announced July 28, 2026. Harrison Street was the seller, and the buyer is an S&P 500 company focused on senior housing. The sale price was not disclosed.

Property Overview

Built in 2018 within the Riverpark master-planned development in north Oxnard, Clearwater at Riverpark spans 153,297 square feet across 3.8 acres. The community's 136 independent living residences average 809 square feet and include full kitchens, in-unit washers and dryers, and private patios. Amenities include multiple dining venues, a swimming pool, fitness center, theater, salon and spa, putting green, and dog park.

The property sits adjacent to The Collection at Riverpark, an open-air retail and entertainment destination, and is located minutes from Oxnard State Beach with direct access to US-101. U.S. News & World Report has recognized the community as Best Independent Living and High Performing for "Feels Like Home." Clearwater Living operates the property under a resident-first philosophy emphasizing lifestyle programming and service quality.

Transaction Details

JLL Capital Markets' Sales and Advisory team represented Harrison Street in the transaction. Senior Managing Director Aaron Rosenzweig and Senior Director Dan Baker led the assignment.

"Clearwater at Riverpark exemplifies the institutional-quality independent living assets that continue to attract premier capital in today's market," Rosenzweig said. "This community's combination of modern construction, stabilized operations and an irreplaceable location in coastal California created significant buyer interest from a deep pool of institutional capital."

The buyer is identified only as an S&P 500 company focused on senior housing. The profile reflects continued demand from large public seniors housing platforms for Class A independent living assets in high-barrier coastal markets, where supply constraints and affluent demographics support long-term income stability.

Seller and Market Context

Harrison Street Asset Management manages $109 billion in assets under management across real estate, infrastructure, and credit strategies, with a long-running focus on demographics-driven sectors including seniors housing, student housing, medical office, and life science. The Chicago-headquartered firm serves more than 1,100 institutional investors and more than 300 registered investment advisors through a range of closed-end, open-end, and specialized vehicles.

The Clearwater at Riverpark disposition is consistent with Harrison Street's strategy of aggregating and stabilizing high-quality operating assets before recycling capital. The sale comes as transaction liquidity in seniors housing has improved following pandemic-era disruption, particularly for coastal and high-income submarkets where institutional demand has remained durable.

Ventura County's coastal seniors housing market is characterized by a growing 75-and-older population, high household wealth, and limited new supply. Entitlement complexity, elevated land costs, and constrained infill sites make it difficult to replicate assets like Clearwater at Riverpark, which benefits from its 2018 vintage and master-planned location adjacent to lifestyle retail. Post-pandemic, independent living occupancy nationally has been recovering, with Class A coastal product generally outperforming broader seniors housing averages on both occupancy and rent growth.

About the Advisors

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers, offering investment sales and advisory, debt advisory, mergers and acquisitions, corporate finance, loan sales, equity and fund placement, net lease, derivative advisory, and energy and infrastructure advisory services. The group has more than 3,000 specialists worldwide with offices in nearly 50 countries. JLL (NYSE: JLL) reported annual revenue of $26.1 billion and operates in more than 80 countries with a global workforce of more than 113,000 as of March 31, 2026. Jones Lang LaSalle Americas, Inc. is a real estate broker licensed with the California Department of Real Estate, license No. 01223413.