An affiliate of Capital Senior Living Corporation (NYSE:CSU) recently acquired a senior living community in Springfield, Mo., for $22 million.
The Montclair, a 159-unit independent living community built in 1988, was sold by Montclair Limited Partnership.
The five-story, 181,496-square-foot community is located on about 6.71 acres. At time of closing, The Montclair had an occupancy rate above 90%.
CLW Senior Housing, a division of CLW Real Estate Services Group, represented the seller.
Written by Alyssa Gerace