Stellar Senior Living Acquires Thunderbird Senior Living In Glendale For $40 Million

The property involved in the transaction is a senior housing asset located at 5401 West Dailey Street, Glendale, AZ. The sale price for this asset was $40,000,000, and it comprises a total of 345 units, translating to a price per unit of $115,942. The property has undergone renovations and currently features various living options. As of the transaction date, the occupancy rate stands at 88.7%, with rental rates showing an increase of 4.3% compared to the previous year.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $40,000,000
• Buyer: Stellar Senior Living
• Seller: Bridge Investment Group
• Units: 345
• Price Per Unit: $115,942
• Occupancy Rate: 88.7%
• Rental Rate Increase: 4.3% from last year

Stellar Senior Living acquired the Thunderbird Senior Living facility from Bridge Investment Group. This transaction is indicative of the ongoing strong demand for senior housing solutions in the market.