Danny Prosky Of American Healthcare REIT Acquires Orchards Of Minnetonka From Artemis Real Estate Partners For $57.5M

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.