The transaction involves the acquisition of the 96-unit Stonehaven Senior Living facility, located at 1000 Station Trail in Eagan, MN. The property, constructed in 2018, comprises a total of 130,000 square feet and was sold for $23.5 million, translating to a price per unit of $244,792 and a price per square foot of $181. The facility includes independent living, assisted living, and memory care and has a current vacancy rate of 17.7%.

Summary of transation details:

• Property Type: Senior Housing
• Transaction Amount: $23,500,000
• Units: 96
• Square Footage: 130,000
• Price per Unit: $244,792
• Price per Square Foot: $181
• Buyer: Craig Edinger - The Goodman Group
• Seller: Stonehaven Senior Housing Owner LLC

Craig Edinger represented The Goodman Group in this transaction, acquiring the facility from Stonehaven Senior Housing Owner LLC. This deal underscores The Goodman Group's commitment to expanding its portfolio in the senior housing market segment.