MVJ Ventures LLC Acquires 108-Unit Senior Housing Community In Philadelphia Represented By Evans Senior Investments

The property involved in this transaction is The Terrace at Chestnut Hill, a 108-unit assisted living and memory care community situated at 495 East Abington Avenue in Philadelphia. The facility encompasses a total of 62,600 square feet and is currently 85% occupied.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: Not specified
• Units: 108
• Square Footage: 62,600
• Address: 495 East Abington Avenue
• Market: Philadelphia
• Buyer: MVJ Ventures LLC
• Buyer's Representative: Jason Stroiman & Brendan DeSilva - Evans Senior Investments
• Seller's Representative: Brett Gardner, Jason Skalko & Joshua Jandris - Cushman & Wakefield

Cushman & Wakefield represented the seller, while Evans Senior Investments acted on behalf of the buyer. Following the transaction, the property will be operated by Viva Senior Living, thereby enhancing its management and operational framework.