Scott Clawson Of Kalesta Healthcare Group Acquires Senior Housing From Jason Reyes For $24.3M

The transaction involves two senior housing properties located at 147 Crescent Avenue in Sunnyvale and 16 Coleman Place in Menlo Park. The properties were sold in an off-market deal, with the Crescent Oaks memory care facility in Sunnyvale trading for approximately $11.8 million, and the Silver Oaks facility in Menlo Park for about $12.3 million. Both properties have existing U.S. Department of Housing and Urban Development-backed mortgages that can be assumed by the buyer.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $24,300,000
• Buyer: Scott Clawson - Kalesta Healthcare Group
• Seller: Jason Reyes - Calson Management
• Market: Sunnyvale & Menlo Park

Scott Clawson represents Kalesta Healthcare Group in this acquisition, while Jason Reyes represents Calson Management in the sale of the properties. This transaction reflects a strategic investment in the senior housing sector, emphasizing the continued demand for memory care facilities.