IRA Capital Acquires 102-Unit Nursing Home In Loveland From Hunt Midwest For $40 Million

The asset involved in this transaction is a nursing home located at 4295 Mcwhinney Boulevard in Loveland, CO. The property was sold for $40 million and consists of 102 units, resulting in a price per unit of $392,157. Completed in 2023, the community provides upscale amenities and represents Hunt Midwest’s inaugural senior living development in Colorado.

Summary of transaction details:

• Property Type: Nursing Home
• Transaction Amount: $40,000,000
• Buyer: IRA Capital
• Seller: Hunt Midwest
• Brokers: Charles Bissell & Tony Hong - Bellwether Enterprise (BWE)
• Units: 102
• Price Per Unit: $392,157

This transaction was facilitated by brokers Charles Bissell and Tony Hong from Bellwether Enterprise, who represented both parties in the deal. Hunt Midwest sold Capstone at Centerra, which focuses on assisted living and memory care services, contributing to the growth of senior living options in the Loveland area.