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

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SOLD
$57,500,000

Minnesota

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Senior Housing
Sold 12/16/2025
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SOLD

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

10955 Wayzata Boulevard

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Senior Housing
Sold 12/16/2025
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Summary

MINNESOTA
Asset Type:Senior Housing
Transaction Type:Sale

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.

Players

Deborah Harmon
12 deals$994.8M volume
SELLER

Artemis Real Estate Partners
SELLER

Details

SOLD
IMAGE: Alex Gilbert, Deborah Harmon & Danny Prosky DATE: 12/16/2025 ADDRESS: 10955 Wayzata Boulevard MARKET: Minnetonka, MN ASSET TYPE: Senior Housing BUYER: Danny Prosky - American Healthcare REIT SELLER: Deborah Harmon & Alex Gilbert - Artemis Real Estate Partners SALE PRICE: $57,500,000 UNITS: 147 ~ PPU: $391,156 NOTE: American Healthcare REIT purchased the Orchards of Minnetonka senior living facility for $57.5M from Artemis Real Estate Partners, a 40% increase over its $41M sale less than a year ago. The 147-unit property, paid for in cash, is part of American Healthcare REIT’s Minnesota expansion in 2025, bringing its total acquisitions in the state to 524 units across four senior living communities.

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Debt Service Coverage Ratio (DSCR)

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