WESTPORT CAPITAL SELLS LAST FACILITY IN NEW ENGLAND HEALTHCARE PORTFOLIO

by admin

BENNINGTON, VT. — Wilton, Conn.-based Westport Capital Partners has closed on the sale of The Inn at Fillmore Pond in Bennington — the last facility to be sold that was part of the four-facility senior housing portfolio known as the New England Healthcare Portfolio. Westport Capital purchased the portfolio in partnership with Capital Health Group and Kaplan Development Group in April 2007 for $83 million, which equates to approximately $210,000 per unit. The ownership added 14 cottages oriented for independent living and completed a 28-unit dementia wing addition to the Bennington facility. The other facilities in the portfolio include:

  • The Inn at Forge Hill in Franklin, Mass., which sold in 2010.
  • The Inn at Robbins Brook in Acton, Mass., which sold in 2010.
  • The Inn at Spruce Wood in Durham, N.H., which sold to an owner/operator of senior housing properties.

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