Updated Mar 5, 2025
Focus Healthcare Partners Acquires SilverCreek On Main Senior Housing In Maple Grove For $78M
8200 Main Street
$78,000,000
Units
288
Asset Type
Senior Housing
Closing
Mar 5, 2025
About this deal
AI
Focus Healthcare Partners acquired a senior housing property located at 8200 Main Street, Maple Grove, MN. The asset, known as SilverCreek on Main, includes 288 units and was sold for $78 million. This community, built in 2015, provides independent living, assisted living, and memory care services to its residents.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $78,000,000
- Buyer: Focus Healthcare Partners
- Seller: Artemis Real Estate Partners
- Units: 288
- Price Per Unit: $270,833
The transaction highlights the involvement of Focus Healthcare Partners as the buyer and Artemis Real Estate Partners as the seller, emphasizing their roles in the acquisition of the property. The deal represents a significant investment in the senior housing sector within the Maple Grove market.
On the Map
$78,000,000
Senior Housing
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Players
Maple Grove 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93