Updated Jul 6, 2026
SOLDSenior Housing
CURA Acquires Senior Housing Facilities In Sandstone And St. Joseph For $19.7M
329 7th Avenue Southeast & 109 Court Avenue South
$19,700,000
Building Size
—
Asset Type
Senior Housing
Closing
Jun 23, 2026
About this deal
AI
The transaction involves senior housing facilities acquired at 329 7th Avenue Southeast and 109 Court Avenue South in the St. Joseph & Sandstone market of Minnesota. The sale was finalized for a total of $19,700,000.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $19,700,000
- Buyer: Tom Opatz & Fred Struzyk - CURA
- Seller: Sandstone Health Care Center
- Acquisition Date: 06/23/2026
CURA has expanded its network of senior living facilities to a total of eight communities, enhancing its presence in the Paynesville area with this acquisition from Fortitude Senior Living of St. Joseph LLC and Sandstone Health Care Center.
Players
Albany Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93