Christopher Merrill Mike Gordon Stephanie MacLean Acquire Senior Housing Portfolio In California For $200M

The transaction involves a senior housing portfolio located in California, comprising six properties with a total of 699 units. The sale price for the portfolio was $200,000,000, resulting in a price per unit of $286,123. The portfolio includes five operating Class A communities and one development site. Oakmont Senior Living is set to manage the assets acquired in this deal.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $200,000,000
• Units: 699
• Price Per Unit: $286,123
• Buyer: Christopher Merrill & Mike Gordon - Harrison Street; Stephanie MacLean - Blue Mountain Enterprises; Oakmont Senior Living

This acquisition involved Harrison Street Asset Management forming a joint venture with Oakmont Senior Living and Blue Mountain Enterprises. The partners are planning further West Coast expansions following this transaction, with Oakmont designated to manage the newly acquired assets.