Sold: Michigan Senior Housing Portfolio | Michigan

COMPLETED TRANSACTIONS

CREG | U.S. Healthcare Investment Sales team is pleased to announce the sale of a two-property senior housing portfolio consisting of 139 units that span over 126,000 square feet for approximately $32,500,000. 

The portfolio is located in central Michigan where the two communities are located adjacent to one another and spread over 13.5 acres. The portfolio’s apartment mix is comprised of eighty-eight (88) assisted living units, thirty-three (33) independent living units, and eighteen (18) memory care units.

The portfolio is currently over 80% leased and has maintained that occupancy on average for the past two years. The portfolio was sold to a publicly traded healthcare REIT for $32,500,000. CREG acted as the Seller’s exclusive advisor in the sale of the Property.

Your Trusted Healthcare Real Estate Partner

CREG | U.S. HEALTHCARE INVESTMENT SALES

Andrew R. Larwood
Managing Partner & Principal 
m: +1 (770) 845-2091
andrew.larwood@capitalre.com 

Allen C. Inman
Managing Partner & Principal
m: +1 (404) 550-7897
allen.inman@capitalre.com

Joshua D. H. Rees
Managing Partner & Principal
m: +1 (858) 312-0657
josh.rees@capitalre.com 

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