Adding upside in DC

We wrote in the October issue of The SeniorCare Investor, of CBRE‘s Lisa Widmier and Matt Whitlock’s sale of two assisted living/memory care communities in Georgia. Located in the greater Atlanta area, the communities were owned by Capitol Seniors Housing and purchased by Arcapita Investment Management US. There is a third property involved in the sale, a 74-unit assisted living/memory care community in the Washington D.C. MSA. Just like the other two properties, CSH had purchased this property 2014 for $14.1 million, or just under $200,000 unit. For all three combined in the current 2016 transaction, the total price is expected to be close to $325,000 per unit. Well done.

 

 

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