The asset involved in this transaction is a senior housing facility located at 8715 Portland Avenue South in Bloomington, MN. The property consists of 166 units and was sold for a total consideration of $59,500,000. This senior living facility, known as Hayden Grove Bloomington, offers independent, assisted, and memory care living options. It was built in 2021, and it has a price per unit of $358,434.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $59,500,000
• Buyer: American Healthcare REIT
• Seller: Verdot Capital
• Broker: Josh Talberg - JLL
• Units: 166

The buyer, American Healthcare REIT, acquired the property through its affiliate AHR Bloomington MN SH. Following the transaction, Great Lakes Management will continue operating the facility, which marks American Healthcare REIT’s third acquisition in Minnesota in recent months.