Two Class-A communities in Colorado traded for a combined $30 million, or $214,300 per unit. The deal included The Lodge at Greeley and The Lodge at Grand Junction, two 100% private pay communities with a total of 140 units. The Greeley community was built in 2020 with two stories and offers 20 independent living, 48 assisted living and 24 memory care units. It was 100% occupied. Built in 2019, the Grand Junction community has 50 beds in 48 units, offering assisted living and memory care services. It is located across from a major regional hospital and near numerous medical, commercial and retail developments.
Bow River Capital engaged JLL Capital Markets to sell the properties, with an undisclosed buyer emerging to acquire them.
