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
Plano Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
Loading comparables…
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