Two assisted living communities in Allentown, Pennsylvania just sold with the help of Bob Gaines at Colliers International. The first community, called Victoria’s Place, includes 80 one-bedroom & studio assisted living apartments. Victoria’s Place was recently constructed and features 59,500 square feet but currently sits vacant. Amenities include common areas, a dining room, bistro, private family dining room, courtyards for assisted living and memory care, an entertainment area, multiple seating areas, movie theater, physical therapy and a salon.
Built in 1991, Mountain View is operational and features 115 licensed beds, although occupancy was not disclosed. Across 54,693 square feet, the community provides both assisted living and memory care services. The buyer of these two properties was not disclosed, however we learned the portfolio was purchased for $24 million, or $123,100 per bed/unit.
