Mike Garbers and Cody Tremper of Greystone Real Estate Advisors worked on behalf of American House Senior Living Communities to sell their independent living community in Southfield, Michigan to a local owner. Featuring 202 units, the community was built in 1987 on a 10.4-acre campus. It was well-occupied at 95%, so the new owner should […]
American House Senior Living Communities is continuing its expansion outside of its home states of Michigan and Florida, following up on its first acquisition in Ohio (from September) with its first in New England. The target was built in 2009 with 109 units of independent living and assisted living in Keene, New Hampshire with a […]
American House Senior Living Communities continued its growth in Florida with the acquisition of a 94-unit independent living community, its seventh senior living property in the Sunshine State. There are plenty of things going for this property. It is located in the mixed-use residential/resort community of Bluewater Bay, adjacent to Elgin Airforce Base. So, in […]
Joint venture partners Harrison Street Real Estate Capital, REDICO and American House Senior Living Communities clearly eyed potential at a newly built independent living community in Wildwood, Florida (near The Villages). Built in 2013, the community features 173 units ranging in size from 500 to 1,090 square feet. Based on a 30% operating margin on […]