Health Wave Partners today announced the acquisition of Clearwater at North Tustin, a Class A senior housing community located in Santa Ana, California. This transaction marks Health Wave Partners’ inaugural investment and first operator partnership, underscoring the firm’s strategy to align with best-in-class operators in premier markets.

Clearwater at North Tustin is a newly developed, high-quality senior living community offering a renowned, personalized approach to care and luxury amenities. The asset features four distinct courtyards, an outdoor amphitheater, a chef’s garden, and refined dining options that create an elevated, resort-style living environment.

Situated in a high-barrier-to-entry submarket with strong wealth demographics, the property represents a compelling long-term investment opportunity. The acquisition reflects Health Wave Partners’ focus on investing in high-quality real estate in markets with strong demographic and economic fundamentals.

“Closing our first acquisition is an important milestone for our platform, and we are proud to partner with Clearwater Living,” said Philip Kayden, Chief Investment Officer at Health Wave Partners. “The community’s strong operating performance, driven by a best-in-class operator, exceptional asset quality, and premier Orange County location, makes it an ideal fit for our investment strategy. We are excited to build on this momentum in 2026 as we continue investing in senior housing, where an unprecedented supply–demand imbalance is creating a compelling investment opportunity.”

“We are excited to continue operating Clearwater at North Tustin under Health Wave Partners’ ownership,” said Danielle Morgan, Chief Executive Officer of Clearwater Living. “Health Wave Partners’ investment approach aligns perfectly with our mission to provide exceptional experiences for residents and their families. Their focus on partnering with best-in-class operators, securing high-quality real estate, and investing in attractive markets reinforces the strength of this community and our shared commitment to excellence.”

About Health Wave Partners

Health Wave Partners is a Chicago-based senior housing investment platform focused on modern, best-in-class accommodations for seniors alongside experienced operating partners. The firm is supported through a strategic partnership with Macquarie Asset Management (MAM), whose differentiated real estate strategy focuses on investing in specialist operating platforms. Through this partnership, Health Wave Partners benefits from access to MAM’s deep resources and expertise.

Health Wave Partners’ highly experienced team invests in high-quality properties and proven operators in regions with strong demographic and economic fundamentals to deliver compelling risk-adjusted returns. To learn more, visit HealthWavePartners.com.

About Clearwater Living

Clearwater Living® is committed to providing superior customer service and living experiences that celebrate individual relevance for residents, their families, and team members. Clearwater Living is growing through strategic acquisitions, development, and operational management of senior living communities throughout the western United States. Each Clearwater Living community practices a holistic approach to successful aging and personalized care that enhances residents’ daily lives. To learn more, visit ClearwaterLiving.com.

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