The Newmark team has been quite active lately, and an early May closing recently rose to the surface. The deal included an 89-unit seniors housing community in Wichita, Kansas. Built in 1997 with 22 independent living, 51 assisted living and 16 memory care units, the community was around 80% occupied, and there was land available for expansion. It also brought in nearly $500,000 of NOI.
The purchase price was not disclosed, but the buyer was a Kansas-based regional operator. The seller was also not known. We learned of some other closings from the Newmark team, which we will detail in the June issue of The SeniorCare Investor.
