Vasileios Sfyris Acquires Senior Housing Asset In Wickliffe For $13M

Located at 28500 Euclid Avenue in Wickliffe, Ohio, the asset involved in this transaction is a Senior Housing property known as Prosper at Wickliffe. The 160-unit assisted living facility was purchased for $13,000,000, resulting in a price per unit of $81,250.

Summary of transation details:

• Property Type: Senior Housing
• Transaction Amount: $13,000,000
• Address: 28500 Euclid Avenue
• Market: Wickliffe, Ohio
• Buyer: Vasileios Sfyris - Phorcys Capital Partners
• Buyer's Representation: Phorcys Capital Partners
• Asset Managed By: Prosper Life Care

Phorcys Capital Partners, representing Phorcys Senior Housing Recovery Fund LP, completed the acquisition of Prosper at Wickliffe through a trustee-directed short sale. The property will be under the management of Prosper Life Care post-acquisition.