The Kipling Meadows is a 120-unit independent living community located at 7175 Kipling St, Arvada, CO, 80004. The community was built in 2008 and underwent renovation in 2018. It averaged 86 percent occupancy in the three months leading up to the sale, recently achieving a 90 percent occupancy rate. The sale price for the property remains undisclosed.

Summary of transaction details:

• Property Type: Independent living community
• Transaction Amount: Not disclosed
• Address: 7175 Kipling St, Arvada, CO, 80004
• Market: Arvada
• Seller's Representative: Hank Fuller - Evans Senior Investments ESI
• Buyer: Undisclosed
• Seller: Institutional private equity group
• Buyer Type: Regional operator expanding in Colorado

Hank Fuller, a senior associate with Evans Senior Investments, represented the seller in this transaction. The ESI team highlighted the potential for increased rental income, forecasting a 6 percent rate increase for the new ownership group. The seller's background as an institutional private equity group plays a significant role in the transaction dynamics.