Danny Prosky Of American Healthcare REIT Acquires Orchards Of Minnetonka From Artemis Real Estate Partners For $57.5M
Minnesota
See Similar DealsDanny Prosky Of American Healthcare REIT Acquires Orchards Of Minnetonka From Artemis Real Estate Partners For $57.5M
10955 Wayzata Boulevard
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The transaction involved the sale of the Orchards of Minnetonka senior living facility located at 10955 Wayzata Boulevard, Minnetonka, MN. The asset, which consists of 147 units, was sold for $57,500,000, translating to a price per unit of $391,156. American Healthcare REIT acquired the property with a cash payment, marking a significant increase over its previous sale price of $41,000,000 less than a year ago.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $57,500,000
- Units: 147
- Price Per Unit: $391,156
- Buyer: Danny Prosky - American Healthcare REIT
- Seller: Deborah Harmon & Alex Gilbert - Artemis Real Estate Partners
- Date of Transaction: 12/16/2025
This acquisition is part of American Healthcare REIT’s strategic expansion in Minnesota, which has now accumulated a total of 524 units across four senior living communities within the state. The deal reinforces the company's commitment to growing its presence in the senior housing market.
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