Ziegler announced its role as exclusive sell-side financial advisor to MedCore on the sale of Parkview on Hollybrook, a 189-unit rental CCRC in Longview, Texas. The property has been on a long road to stabilization. It was originally bought in a bankruptcy auction in 2016 for $20.7 million by Thrive FP when it was in the middle of development. 12 Oaks Senior Living brought it to the final stages of lease-up before MedCore bought the property in February 2020 and brought on Integral Senior Living to operate. Since then, Parkview on Hollybrook has stabilized and is now being sold to a publicly traded healthcare REIT. Eric Johnson and Dalton Esmond of Ziegler led the transaction.
MedCore Divests to Publicly Traded Healthcare REIT
