This portfolio sold for $200,000,000, or $442,000 per unit, one of the largest transactions in the state this year. The portfolio was comprised of four Class A senior living properties. Each community was purpose-built between 2015 and 2019, offering independent living, assisted living, and memory care, with an enhanced care component.

The buyer, a publicly traded healthcare REIT, acquired the communities alongside a Minnesota-based operator with an established Twin Cities presence.

How ESI Added Value:

ESI ran a confidential, targeted marketing process that drew a significant number of offers from institutional and private buyers active in the seniors housing sector. The portfolio traded at a near-record price per unit for the state.