The property involved in this transaction is Posada, a 77-unit assisted living and memory care community located at 8120 Painter Ave, Whittier, CA, 90602. The facility encompasses 41,658 square feet and occupies approximately 0.72 acres of land. Originally built in 1984, it underwent renovations in 2017. The market for this property is Whittier, a suburb of Los Angeles, and the seller is a regional owner-operator looking to divest from the senior care sector.

Summary of transaction details:

• Property Type: Assisted Living and Memory Care Community
• Transaction Amount: Not disclosed
• Address: 8120 Painter Ave, Whittier, CA, 90602
• Market: Whittier
• Square Footage: 41,658
• Seller's Representative: Brad Goodsell, Jason Punzel & Vince Viverito - Senior Living Investment Brokerage
• Buyer: Unknown

The transaction was facilitated by Brad Goodsell, Jason Punzel, and Vince Viverito of Senior Living Investment Brokerage, who managed the sale process on behalf of the seller. The buyer is a local owner-operator intending to make some renovations to the property after the acquisition.