Cushman & Wakefield announced that it has advised a joint venture between The Waters Senior Living and an institutional capital partner in the procurement of a $16.5 million acquisition loan for the purchase of The Waters of Highland Park, an 84-unit independent living, assisted living and memory care community located in the Highland Park neighborhood of St. Paul, Minnesota. Such amenities include a salon and spa, a theater and wellness services.
Waters Senior Living originally developed the community in 2015 and managed it but will now be taking ownership of the property. Cushman & Wakefield’s Rick Swartz, Jay Wagner, Sam Dylag and Bailey Nygard represented the borrower in the transaction.
