Updated Aug 3, 2026
SOLDSenior Housing
Jeff Hanson Of American Healthcare REIT Acquires Senior Housing Asset In Bedford For $50M
240 South Road
$50,000,000
Units
92
Asset Type
Senior Housing
Closing
Jul 28, 2026
About this deal
AI
The Residences at Bedford, a senior housing facility located at 240 South Road in Bedford, MA, is a 92-unit center sold for a transaction amount of $50,000,000. The property, which opened in 2024, features an average price per unit of $543,478 with more than half of its units already committed at launch.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $50,000,000
- Buyer: Jeff Hanson - American Healthcare REIT
- Seller: Timothy Duross - LCB Senior Living
- Units: 92
- Location: 240 South Road, Bedford, MA
Jeff Hanson represents American Healthcare REIT in the acquisition, while Timothy Duross represents LCB Senior Living as the seller in this transaction.
On the Map
$50,000,000
Senior Housing
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Bedford Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93