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Hartford, Connecticut, Unit...

White Oak Healthcare REIT & Everbrook Senior Living Acquires Senior Housing Portfolio In Hartford, CT For $51.6M
FINANCEDMultiFamily

White Oak Healthcare REIT & Everbrook Senior Living Acquires Senior Housing Portfolio In Hartford, CT For $51.6M

Hartford, Connecticut, United States

$51,579,000

Building Size

Asset Type

MultiFamily

Closing

May 12, 2022

AI

The Senior Housing Portfolio located in Hartford, CT has been involved in a recent closed transaction. The property is owned by White Oak Healthcare REIT and Everbrook Senior Living. The asset type is senior housing, emphasizing its focus on providing residential services to the elderly. The transaction took place on 05/13/2022.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: $51,579,000
  • Address: Not specified
  • Market: Hartford, CT

M&T Realty Capital Corp represented the buyer and seller in this transaction. Matt Pipitone, an agent at M&T Realty Capital Corp, played a key role as the broker. The loan for the acquisition financing amounted to $51,579,000. This financing agreement allowed the buyer to secure the necessary funds to complete the transaction.

Players

Taylor Perun

NorthEast Private Client Group

Broker

$162.5M

vol

16 deals

Broker
NewPoint Real Estate Capital
NewPoint Real Estate CapitalLender

Hartford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93