TPW Properties Acquires Senior Housing Portfolio In Madison And Verona For $10.7 Million

The sale involved a senior housing asset located at 6160 Dell Drive & 1049 Enterprise Drive in the Madison & Verona market of Wisconsin. The transaction was concluded at a sale price of $10,700,000 for a total of 102 units, resulting in a price per unit of $104,902.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $10,700,000
• Buyer: TPW Properties
• Seller: Lakeside Capital Advisors
• Brokers: Jake Lamb, Parker Stewart, Dominic Martinez & Alex Malzone - NorthMarq
• Units: 102
• PPU: $104,902

NorthMarq's team facilitated the transaction as the broker representing the seller, Lakeside Capital Advisors. This sale involved TPW Properties, which sought to reinvest funds after completing a 1031 exchange.