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Focus Healthcare Partners Acquires SilverCreek On Main Senior Housing In Maple Grove For $78M
SOLD
$78,000,000
Minnesota
See Similar DealsSenior Housing
Sold 03/05/2025
SOLD
Focus Healthcare Partners Acquires SilverCreek On Main Senior Housing In Maple Grove For $78M
8200 Main Street
See Similar DealsSenior Housing
Sold 03/05/2025
Summary
MINNESOTA
Asset Type:Senior Housing
Transaction Type:Sale
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.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,159,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$277,117.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$369,759.79
Annual Debt Service$4,437,117.52
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