LTC Properties Acquires Senior Housing Portfolio From Buvermo Investments And Partners For $89M

The sale involved two assisted living and memory care facilities located at 1131 Walker Road in Great Falls, Virginia, and 120 Shoreway Drive in Queenstown, Maryland. The transaction was completed for a total price of $89 million, covering 130 units with a price per unit of $684,615. The properties achieved a 94% occupancy rate at the time of sale.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $89,000,000
• Buyers: LTC Properties
• Sellers: Buvermo Investments, SHA Capital Partners, Verity Commercial, and INDIE
• Brokers: Joshua Jandris, Brett Gardner, Robert Bracci, Evan Jakobsze - Cushman & Wakefield
• Units: 130
• Price Per Unit: $684,615
• Occupancy Rate: 94%

Cushman & Wakefield facilitated the transaction, which involved LTC Properties acquiring the portfolio from the sellers mentioned above. LTC Properties has appointed IntegraCare to manage both facilities following the acquisition.