Centurion Foundation Acquires Aurora On France Senior Housing In Edina From Aurora Medical For $44M

The senior housing asset located at 6500 France Avenue South in Edina, MN, was sold for $44,000,000. The property comprises 237 units across a total of 240,000 square feet, equating to a price per unit of $185,654 and a price per square foot of $183. The facility, known as the Aurora on France, was built in 2015 and will remain leased and operated by Ebenezer Senior Living.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $44,000,000
• Units: 237
• Square Footage: 240,000
• Price per Unit: $185,654
• Price per Square Foot: $183
• Buyer: Ben Mingle - Centurion Foundation
• Seller: Aurora Medical

Ben Mingle represented the buyer, Centurion Foundation, in the transaction involving Aurora Medical as the seller. This sale highlights the ongoing activity in the senior housing market and reflects the interests of investment groups such as the Centurion Foundation.