CBRE was engaged in the sale of four seniors housing communities in the Dallas, Texas MSA: Village on the Park Plano (Plano), Village on the Park Denton (Denton), Village on the Park Stonebridge Ranch (McKinney) and Village on the Park McKinney (McKinney). The communities comprise 366 total units of assisted living and memory care and were built between 2014 and 2017.
The buyer was a joint venture between Artemis Real Estate Partners and Bridgewood Property Company. The Aspenwood Company, Bridgewood’s affiliate property manager, will operate the communities. John Sweeny, Aron Will and Garrett Sacco handled the transaction. Additionally, Will and Adam Mincberg financed a subset of the portfolio post-close.
