Updated Aug 25, 2026
Vincent Companies Acquires Gable Pines Senior Housing In Vadnais Heights For $35.3 Million
1260 County Road E East
$35,300,000
Units
123
Asset Type
Senior Housing
Closing
Aug 21, 2026
About this deal
AI
Gable Pines is a 123-unit senior housing community located at 1260 County Road E East in Vadnais Heights, Minnesota. The property, built in 2016, offers independent living, assisted living, and memory care services. It was sold for $35.3 million, resulting in a price per unit of approximately $286,992. The property maintains a low vacancy rate of 0.8%.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $35,300,000
- Buyer: Vincent Companies
- Seller: An entity tied to Iowa-based Threshold Companies
- Units: 123
Vincent Companies has expanded its senior housing portfolio to a total of 16 properties with this acquisition. The transaction was completed on August 21, 2026.
Players
Charles City Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
Loading comparables…
Deal FAQ
Browse Charles City senior housing sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93