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276 Whiting Street

Updated Aug 26, 2026

Jeff Hanson Of American Healthcare Investors Acquires Senior Housing Communities For $114 Million
SOLDSenior Housing

Jeff Hanson Of American Healthcare Investors Acquires Senior Housing Communities For $114 Million

276 Whiting Street & 240 South Road

$114,000,000

Units

182

Asset Type

Senior Housing

Closing

Aug 24, 2026

About this deal

AI

The asset involved in this transaction pertains to two senior housing communities located at 276 Whiting Street and 240 South Road in Hingham and Bedford, MA. The properties encompass a total of 182 units, with a sale price of $114,000,000, which translates to a per unit price of $626,374. The facilities include the Residence at Penniman Hill acquired for $63 million and the Residence at Bedford purchased for $51 million, both of which are situated in the Boston-area market.

Summary of transaction details:

This transaction highlights the collaboration between Jeff Hanson representing American Healthcare Investors and David Olney of Berkshire Residential Investments, illustrating the strategic move into senior housing sectors in the Boston area, reflecting a growing demand for such facilities.

On the Map

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$114,000,000

Senior Housing

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Players

David Olney

Broker

$726.9M

vol

8 deals

Broker

Jeff Hanson

American Healthcare Investors

Buyer

$1.7B

vol

6 deals

Buyer

David Olney

Berkshire Residential Investments

Seller

$726.9M

vol

8 deals

Seller

Hingham Senior Housing Market Snapshot

Boundary boundary · Senior Housing · Sale transactions

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Deal FAQ

About $626.4K per unit across 182 units on a published $114M (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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