Asbury Communities Inc. Acquires Senior Housing In Mechanicsburg & Erie, PA For $47.6M

Asbury Communities Inc., represented by Doug Leidig, recently completed a closed property transaction involving senior housing assets in Mechanicsburg, PA, and Erie, PA. The properties are located at 325 Wesley Dr and 2323 Edinboro Rd, respectively. The deal was facilitated by broker HJ Sims.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $47,600,000
• Loan Amount: $27,200,000 (fixed-rate bonds)
• Units: 293
• Beds: 149

The transaction involved a loan amount of $47,600,000, with fixed-rate bonds totaling $27,200,000. The properties comprise a total of 293 units, providing accommodation for 149 residents. This deal highlights Asbury Communities Inc.'s commitment to the senior housing sector in both Mechanicsburg and Erie.

Asbury Communities Inc., represented by Doug Leidig, and broker HJ Sims played pivotal roles in this successful transaction, ensuring a smooth process for all parties involved. This deal showcases the expertise and dedication of the individuals and companies involved in the senior housing market.