Harrison Real Estate Capital And LCB Senior Living Acquire Senior Housing In Watertown For $48M

20 Summer Street, located in Watertown, MA, has been sold in a recent transaction. This senior housing property, owned by Healthpeak Properties Inc., was acquired by Harrison Real Estate Capital and LCB Senior Living for a total sale price of $48,000,000. The property consists of 90 units, resulting in a per unit price of $533,333.

Summary of transaction details

• Property Type: Senior Housing
• Transaction Amount: $48,000,000
• Address: 20 Summer Street, Watertown, MA
• Seller: Healthpeak Properties Inc. - Thomas Herzog
• Buyer: Harrison Real Estate Capital & LCB Senior Living
• Units: 90
• Price Per Unit (PPU): $533,333

This deal was brokered by Thomas Herzog from the seller's side, representing Healthpeak Properties Inc., while Harrison Real Estate Capital and LCB Senior Living were represented internally. The sale of the senior housing property marks a significant transaction in the market, showcasing the demand for such assets in Watertown, MA.