The team at Newmark announced a couple of closings, including the sale of an eight-property seniors housing portfolio located across the country. Dubbed Project Kandy, the portfolio features 1,024 total units of independent living, assisted living and memory care, with an average age of 14 years.
In addition, Newmark sold a seniors housing community. Built in 2015, The Crossings at Riverview is an assisted living/memory care community with 92 units in Riverview, Florida, in the Tampa MSA. The buyer and no other details were disclosed.
The deals follow Newmark’s sale of a three-property seniors housing portfolio in Texas. Built in 2016, Heartis Arlington is an assisted living/memory care community in Arlington, Texas, with 81 units. Built in 2017, Heartis Clear Lake comprises 78 independent living, 54 assisted living and 24 memory care units in Webster, Texas. Built in 2015, Heartis Waco is an assisted living/memory care community with 81 units in Waco, Texas. The buyer and financials were also not disclosed in that transaction.
