Cushman & Wakefield arranged the sale of an assisted living community in Glastonbury, Connecticut. Buckingham Heights is a 46-unit, 52-bed memory care community that sits just southeast of Hartford. The property opened in late 2001 and historically operated at 100% occupancy. Longview Senior Housing, an affiliate of Blackstone, the seller, completed renovations in 2021, which included remodeled common areas, expanded dining areas, replacing the roof and sprinkler system, and upgrading furniture, fixtures, equipment, lighting, paint, carpet and flooring throughout the property.
The strong cash flow and good location attracted Hamister Group, a seniors housing investor and operator, to the community. Hamister paid an undisclosed sum for the property. Richard Swartz, Jay Wagner, Aaron Rosenzweig, Jim Dooley and Jack Griffin of Cushman & Wakefield represented the seller in the transaction.
