Holiday Retirement recently purchased an active independent living community located in Allen, Tex., from Zerga Development, LLC for an undisclosed price.
McKinney-based developer and operator Zerga was the general partner, developer, and operator of the 196-unit property, Parkview in Allen, a HUD Section 221(d)(4)-financed project built in 2006.
Mike Girard and Ed LaFrance of commercial brokerage firm TSG represented Zerga.
Holiday Retirement has more than 300 independent senior retirement communities located throughout the U.S. and Canada.
Written by Alyssa Gerace