Christopher Merrill Of Harrison Street Acquires Ivy Park At Los Gatos For $54M From Chronograph Properties And Swenson Builders

The property asset involved in this transaction is a multifamily unit located at 400 Blossom Hill Road in Los Gatos. The newly opened Ivy Park at Los Gatos senior living community consists of 114 units, sold for a total price of $54,000,000, which reflects a price per unit of $473,684.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $54,000,000
• Units: 114
• Price Per Unit: $473,684
• Buyer: Christopher Merrill - Harrison Street
• Seller: Chronograph Properties & Swenson Builders
• Market: Los Gatos

The deal involves Christopher Merrill representing Harrison Street Real Estate in acquiring the property from Chronograph Properties and Swenson Builders. This transaction is part of a larger six-property portfolio deal valued at $200 million, which includes a total of 669 units across California in conjunction with Oakmont Senior Living and Blue Mountain Enterprises.