REBusinessOnline

ESI Negotiates Sale of Lakewood Memory Care in Colorado for $8.5M

Lakewood-Memory-Care-Lakewood-CO

Lakewood Memory Care in Lakewood, Colo., features 46 units, offering a total of 52 beds.

LAKEWOOD, COLO. — Evans Senior Investments (ESI) has arranged the sale of Lakewood Memory Care, a 46-unit memory care facility, for $8.5 million, or $185,000 per unit.

Located 10 miles south of downtown Denver in Lakewood, the facility totals 52 beds. The property was built in 2016 and is 100 percent private pay. It was 75 percent occupied at the time of sale.

ESI represented the seller in the transaction, an independent investor group that had partnered with a national operator. This was the investor group’s only seniors housing asset.

The buyer was a nonprofit owner-operator with a regionally focused seniors housing portfolio in Colorado.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.



Related News

Webinars on Demand


Conferences


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties