Newmark’s Seniors Housing Team announced it has arranged two transactions in the states of Illinois and Oklahoma. First was the sale of Avenida Naperville in Naperville, Illinois. Built in 2002, this active adult community comprises 146 units and was 98% occupied at the time of transaction. The buyer and operator of the community is Greystar Real Estate Partners, which continues to be one of the most active participants among active adult acquirers.
Next for Newmark was the sale of Wickshire Norman in Norman, Oklahoma. Built in 1999, this assisted living community comprises 70 units and sits on three acres just outside of Oklahoma City. The community was 72% occupied at the time of the transaction. Newmark represented a New York-based family office in the sale.
