American Healthcare REIT Acquires Talamore Senior Living In Woodbury Minnesota For $88M

The property asset involved in this transaction is a 200-unit senior housing facility located at 289 Karen Drive in Woodbury, MN. The total sale price for the property was $88,000,000, equating to approximately $440,000 per unit. The facility, known as Talamore Senior Living, was developed by Ryan Cos. and Great Lakes Management in 2021 and features independent living, assisted living, and memory care units along with full amenities.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $88,000,000
• Units: 200
• Price Per Unit: $440,000
• Buyer: American Healthcare REIT
• Seller: Artemis Real Estate Partners

American Healthcare REIT acquired the property from Talamore Woodbury LLC, an entity affiliated with Artemis Real Estate Partners. This acquisition is part of American Healthcare REIT’s recent activity in Minnesota's real estate market.