Clearwater Living Acquires Senior Housing Portfolio In Gilbert, Phoenix & Scottsdale For $255M

Clearwater Living has acquired four senior housing properties in Gilbert, Phoenix, and Scottsdale for a total price of $255,000,000. The properties include 2811 East Agritopia Loop South, 15815 South 50th St, 6650 East Mayo Blvd, and 23733 North Scottsdale Road. The transaction involved a total of 546 units, with an average price per unit of $467,033.

Summary of transaction details

• Property Type: Senior Housing
• Transaction Amount: $255,000,000
• Units: 546
• Price Per Unit: $467,033
• Buyer: Clearwater Living
• Seller: LivGenerations
• Brokers: Ryan Maconachy & Chad Lavender - Newmark

The deal was facilitated by Ryan Maconachy and Chad Lavender from Newmark. The acquisition marks Clearwater Living's expansion into the senior housing market in Gilbert, Phoenix, and Scottsdale.