Lincoln Avenue Capital Acquires Senior Housing Asset For $47 Million In San Diego From ARKA Properties And Black Equities

The asset involved in this transaction is a senior housing property located at 6888 Golfcrest Drive in the San Diego market. The sale price for the property was $47,000,000, with a total square footage of 99,317, resulting in a price per square foot of $473.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $47,000,000
• Address: 6888 Golfcrest Drive
• Market: San Diego
• Square Footage: 99,317
• Price Per Square Foot: $473
• Buyer: Lincoln Avenue Capital
• Seller: ARKA Properties & Black Equities
• Seller's Representative: Alex Mogharebi, Otto Ozen, Jordan Pakzad & Shawn Bolour - The Mogharebi Group

The deal was facilitated by The Mogharebi Group, which represented the sellers ARKA Properties and Black Equities. The transaction involved key individuals including Alex Mogharebi, Otto Ozen, Jordan Pakzad, and Shawn Bolour, who played crucial roles in the completion of this deal.