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
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