Richard Swartz, Jay Wagner, Jim Dooley and Chris Remeika of Cushman & Wakefield Senior Housing Capital Markets led the sale of two senior living communities in Irving and Plano, Texas (Dallas MSA), to a real estate investment company. No purchase price was disclosed.
Totaling 265 units of independent living, assisted living and memory care, these communities feature plenty of amenities, include restaurant-style dining, bistros, covered patios, indoor pools, fitness centers, libraries, media rooms and game rooms. The Irving community was recently opened, but the Plano property, which offers just AL and MC, has been stabilized for the last 10 years. Going forward, subsidiaries of Senior Lifestyle Corporation will manage them.