Vincent Cos. Acquires Trails Of Orono Senior Living From Engelsma LP For $9.45M

The property involved in this transaction is a senior housing asset located at 875 Wayzata Boulevard, Wayzata, MN, encompassing 10.36 acres. The sale price was $9,450,000, which equates to a price per unit of $160,169 for the 59 units available. The total square footage of the property is 47,480, resulting in a price per square foot of $199.

Summary of transation details:

• Property Type: Senior Housing
• Transaction Amount: $9,450,000
• Buyer: Vincent Cos.
• Seller: Engelsma LP
• Units: 59
• Location: 875 Wayzata Boulevard, Wayzata, MN
• Market: Wayzata, MN
• Acres: 10.36
• Square Footage: 47,480
• Price Per Unit: $160,169
• Price Per Square Foot: $199

Vincent Cos. has completed their fourth senior housing acquisition since January 2024, expanding their portfolio with this purchase of the Trails of Orono Senior Living community. Engelsma LP acted as the seller in this transaction, and Lifespark will be taking over the management of the property following the sale.