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3670 Mapleshade Lane

Artemis Real Estate & Bridgewood Co. Acquire Dallas Senior Housing Portfolio
SOLDSenior Housing

Artemis Real Estate & Bridgewood Co. Acquire Dallas Senior Housing Portfolio

3670 Mapleshade Lane, 1919 Brinker Road, 3300 Stonebridge Drive & 265 Plateau Drive

Building Size

Asset Type

Senior Housing

Closing

Apr 24, 2024

AI

Four senior housing properties in the Dallas metro area were recently sold, including Village on the Park Plano, Denton, Stonebridge Ranch, and McKinney. These properties offer assisted living and memory care services and consist of a total of 366 units. They were built between 2014 and 2017 and are located at 3670 Mapleshade Lane, 1919 Brinker Road, 3300 South Stonebridge Drive, and 265 Plateau Drive in Plano, Denton, and McKinney.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: Not specified
  • Buyer: Deborah Harmon - Artemis Real Estate Partners; James Gray - Bridgewood Property Co.
  • Brokers: Aron Will, Garrett Sacco & John Sweeny - CBRE

CBRE played a crucial role in facilitating the sale of these senior housing properties. The transaction was managed by John Sweeny, Aron Will, and Garrett Sacco from CBRE. The buyer, a joint venture between Artemis Real Estate Partners and Bridgewood Property Co., acquired the portfolio of properties to expand their presence in the senior living market.

Players

Aron Will

CBRE

Broker

$398.7M

vol

15 deals

Broker

Plano Senior Housing Market Snapshot

Boundary boundary · Senior Housing · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93