Jeff Hanson Of American Healthcare REIT Acquires Senior Housing Portfolio Across Six States For $696M

The transaction involved the sale of a senior housing portfolio consisting of eight Class A senior housing communities located across six states, specifically Massachusetts, Connecticut, New Jersey, Pennsylvania, Delaware, and Georgia. The total sale price for these properties was $696,000,000, encompassing 867 units with a per unit price of $802,768.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $696,000,000
• Market: Massachusetts, Connecticut, New Jersey, Pennsylvania, Delaware & Georgia
• Units: 867
• Per Unit Price: $802,768
• Buyer: Jeff Hanson - American Healthcare REIT
• Asset Management: LCB Senior Living will operate seven communities, while Holbrook Life will manage the Georgia property.

Jeff Hanson, representing American Healthcare REIT, facilitated the acquisition, marking the establishment of its first meaningful Northeast senior housing platform with this transaction. The unique operational arrangement involves LCB Senior Living overseeing most of the properties, demonstrating a strategic management structure in the deal.