Senior Living Investment Brokerage facilitated the sale of a seniors housing community in Olathe, Kansas. Built in 1978 with an extensive remodel in 2016 and a 60-unit independent living expansion project in 2020, Anthology of Olathe comprises 60 independent living, 68 assisted living and 28 memory care units. The seller was a national owner/operator, and the buyer was a joint venture between an East Coast-based private equity group and Willow Ridge Senior Living. This is its first acquisition in Kansas.
Jason Punzel, Jeff Binder, Dan Geraghty and Dave Balow handled the transaction. There were multiple offers for the community, and the selected joint venture buyer intends to continue to invest in the community.
