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

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:

• Property Type: Senior Housing
• Transaction Amount: $114,000,000
• Buyer: Jeff Hanson - American Healthcare Investors
• Seller: David Olney - Berkshire Residential Investments
• Units: 182
• Price Per Unit: $626,374

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.