Clearwater Living Acquires Senior Housing Portfolio In Gilbert, Phoenix & Scottsdale For $255M
2811 East Agritopia Loop South, Gilbert, Arizona 85296, United States
$255,000,000
Building Size
—
Asset Type
—
Closing
Aug 12, 2022
AI
Clearwater Living has acquired four senior housing properties in Gilbert, Phoenix, and Scottsdale for a total price of $255,000,000. The properties include 2811 East Agritopia Loop South, 15815 South 50th St, 6650 East Mayo Blvd, and 23733 North Scottsdale Road. The transaction involved a total of 546 units, with an average price per unit of $467,033.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $255,000,000
- Units: 546
- Price Per Unit: $467,033
- Buyer: Clearwater Living
- Seller: LivGenerations
- Brokers: Ryan Maconachy & Chad Lavender - Newmark
The deal was facilitated by Ryan Maconachy and Chad Lavender from Newmark. The acquisition marks Clearwater Living's expansion into the senior housing market in Gilbert, Phoenix, and Scottsdale.
Players
Gilbert CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93