A small memory care community in the Houston, Texas area sold to Capital Square 1031, a national real estate investment and management company based in Glen Allen, Virginia. With only 16 beds and 10,000 square feet, the newly constructed community was previously owned by Verdad Real Estate, a national single-tenant real estate development company, and is 100% leased for 15 years to Texas operator Village Green Alzheimer’s Care Home.
No purchase price was disclosed, but Bill Pyle of Edge Realty Capital Markets represented the seller, and Bear Real Estate Advisors represented the buyer in the transaction.
