Aspens Senior Living Acquires 184-Unit Senior Housing Community In Magnolia From Capitol Seniors Housing

The transaction involved the sale of a senior housing asset located at 33118 Magnolia Circle in the Magnolia market. The property is an active adult community known as Alders Magnolia, comprising 184 units and was built in 2021. It features resort-style amenities and is situated in a rapidly growing submarket near The Woodlands.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: Not specified
• Units: 184
• Buyer: Aspens Senior Living
• Seller: Capitol Seniors Housing
• Brokers: Cody Tremper, Mike Garbers, Ross Sanders & Dave Fasano - Berkadia

Berkadia facilitated the transaction, representing Capitol Seniors Housing in the sale to Aspens Senior Living, highlighting the continued investor interest in active adult housing within high-growth suburbs of the Houston area.