LOS GATOS — A senior living community in Los Gatos that opened its doors earlier this year has been bought for more than $50 million by a big-time real estate investor from Chicago.

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Ivy Park at Los Gatos has been bought for $54 million by an affiliate controlled by Harrison Street Real Estate, according to documents filed on Nov. 5 with the Santa Clara County Recorder’s Office.

The 114-unit complex is located at 400 Blossom Hill Road in Los Gatos and opened its doors in May.

An alliance of two Bay Area real estate firms, Vacaville-based Chronograph Properties and San Jose-based Swenson, developed the senior community and sold it to the Harrison Street affiliate.

The purchase price was well above the January 2025 assessed value of $38.4 million as calculated by the San

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