Positive Investments is continuing to grow its portfolio throughout Southern California. In an acquisition that closed on March 2, an entity linked to the Arcadia-based investment firm purchased a senior living community in Wildomar for $28.5 million, or about $100,352 per unit. The seller in the transaction was an entity tracing to William Craig Thralls.
Located at 32325 S Pasadena St., the 284-unit property is called Wildomar Senior Leisure Community. The senior living facility was initially constructed in 2000 and offers a mix of independent and assisted living options.
Independent living is offered in both one- and two-bedroom units with large kitchens, decks or patios. Assisted living options include various other services, like meals, housekeeping and laundry service, transportation to doctor’s appointments. Other onsite amenities include a clubhouse, pool and spa and various walking areas, according to the property’s website.
The Wildomar Senior Leisure Community is located near Interstate 15 and within close proximity to various retail amenities as well. The Southwest Healthcare Inland Valley Hospital is also near the property.
Positive Investments is a real estate investment and property management company founded in 1976. The company focuses on investing in various properties, including multifamily, office and hotel properties. Throughout the past year, Positive Investments has made a number of acquisitions throughout the Southern California region.
In November of last year, Positive Investments acquired a 272-unit senior housing community in Rialto. The company paid $36.5 million, or about $134,191 per unit, for the Julia Palms Apartments, which is located at 245 East First St., according to The Registry’s previous reporting.
Additionally, in October of 2022, the company paid $81 million for a three-property portfolio in Azusa. The portfolio consisted of 316 units across Alosta Place, a 97-unit property at 1130 East Alosta Ave.; Bowles, a 123-unit apartment community located at 1150-1170 East Alosta Ave.; and University Park, a 96-unit apartment property at 1000 Alosta Ave. The properties were sold by Azusa Pacific University.
