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Debra A. Cafaro Of Ventas Inc. Acquires Senior Housing Community From Joe Ryan For $140M

Property Image
SOLD
$140,000,000
Debra A. Cafaro
Joe Ryan

Minnesota

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Senior Housing
Sold 09/23/2025
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Property Image
SOLD

Debra A. Cafaro Of Ventas Inc. Acquires Senior Housing Community From Joe Ryan For $140M

22 Southeast Malcolm Avenue

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Senior Housing
Sold 09/23/2025
Debra A. Cafaro
Joe Ryan
the dealplayerscompscontact
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Summary

MINNESOTA
Asset Type:Senior Housing
Transaction Type:Sale

The property asset involved in this transaction is a senior housing community located at 22 Southeast Malcolm Avenue in Minneapolis, MN. The asset comprises 283 units and was sold for $140 million, resulting in a price per unit of $494,700.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: $140,000,000
  • Units: 283
  • Price Per Unit: $494,700
  • Buyer: Debra A. Cafaro - Ventas Inc.
  • Seller: Joe Ryan - Oppidan Investment Company

This transaction showcases the involvement of key figures in the industry, where Debra A. Cafaro represents Ventas Inc., while Joe Ryan is affiliated with Oppidan Investment Company. Notably, the Pillars of Prospect Park community includes features aimed at fostering intergenerational connections, with additional programming linked to childcare and local universities.

Players

Debra A. Cafaro
Ventas Inc.
Debra A. Cafaro
5 deals$2.4B volume
BUYER
Ventas Inc.
Ventas Inc.
BUYER
Joe Ryan
Oppidan Investment Company
Joe Ryan
1 deal$140M volume
SELLER
Oppidan Investment Company
Oppidan Investment Company
SELLER

Details

SOLD
IMAGE: Debra A. Cafaro & Joe Ryan DATE: 09/23/2025 ADDRESS: 22 Southeast Malcolm Avenue MARKET: Minneapolis, MN ASSET TYPE: Senior Housing BUYER: Debra A. Cafaro - Ventas Inc. (@Ventasreit) SELLER: Joe Ryan - Oppidan Investment Company SALE PRICE: $140,000,000 UNITS: 283 ~ PPU: $494,700 NOTE: Oppidan Investment Co. sold the 283-unit Pillars of Prospect Park senior housing community in Minneapolis to Chicago-based Ventas REIT for $140 million, one of the city’s largest single-property sales this year. The intergenerational complex, which includes child care and university-linked programming, was refinanced just 13 months ago with a flexible bridge loan.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$7,466,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$497,390.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$663,671.42
Annual Debt Service$7,964,057.10