Health Care REIT, Inc. recently bought a senior housing community from a subsidiary of Senior Lifestyle Corporation for $38 million, reports CoStar.
The community consists of two apartment buildings located in Greendale, Wisc., with a total of approximately 250,300 square feet.
The properties were under contract for about two months prior to closing and were approximately 91% to 93% occupied at time of sale.
WSL Harbor Village Investors, the Senior Lifestyle Corporations subsidiary, bought Harbour Village Senior Housing Community four years ago for $21 million.
David Kliewer with CLW Real Estate Services Group represented the seller, while Health Care REIT used in-house representation.
Written by Alyssa Gerace