The property asset involved in the transaction is the Fountainview at Gonda senior living community, which spans 385,000 square feet and is located at 12490 West Fielding Circle in Playa Vista, Los Angeles. The transaction was completed for a price of $75 million, equating to approximately $195 per square foot in the market of senior housing.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $75,000,000
• Buyer: Michael Grust - Senior Resource Group LLC (SRG)
• Seller: Dale Surowitz - Los Angeles Jewish Health
• Square Footage: 385,000
• Price per Square Foot: $195

Michael Grust, representing Senior Resource Group LLC (SRG), acquired the property from Dale Surowitz of Los Angeles Jewish Health. Following the purchase, SRG plans to rename the community Avocet Playa Vista and to maintain Jewish values in the service provided, emphasizing their commitment to offering high-end amenities and care. Los Angeles Jewish Health will shift focus to cater to seniors with greater needs in the community.