Jeff Hanson Of American Healthcare REIT Acquires Senior Housing Community For $102.8M In San Jose

The asset involved in this transaction is a senior housing community located at 4610 Almaden Expressway in San Jose, California. The property spans 3.0 acres and includes 200 units, with a per unit price of $514,000. The sale price for this transaction was $102,800,000.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $102,800,000
• Units: 200
• Price Per Unit: $514,000
• Market: San Jose, CA
• Buyer: Jeff Hanson - American Healthcare REIT
• Seller: The 11th Group Inc; Len O'Donnell - Affinius Capital; V. Jay Hiemenz - Alliance Residential

This transaction saw Jeff Hanson representing American Healthcare REIT acquire Avella at Almaden, significantly enhancing their senior housing portfolio, which now includes this assisted living and memory care community completed in 2020.