The Colony Residential Care Acquires Senior Living Facilities In Van Nuys And Thousand Oaks For $9.65M

The sale of the senior living assets in Van Nuys and Thousand Oaks has been finalized. The properties involved in the transaction include 415 E. Sidlee Court, 171 W. Sidlee Court, 189 Venus Street, and 1075 Greenfield Street in Van Nuys, as well as 5797, 5805, 5881 Hillview Park Ave, and 6245 Matilija Ave in Thousand Oaks. The total square footage of these facilities is 23,332, with a price tag of $9,650,000, resulting in a price per square foot of $413.60. The transaction includes 8 residential facilities.

Summary of transaction details

• Property Type: Senior Living
• Transaction Amount: $9,650,000
• Square Footage: 23,332
• Price per Square Foot: $413.60
• Number of Units: 8

The buyer in this transaction is The Colony Residential Care, while the sellers are Sky River View Inc. and Shalev Senior living. The deal was facilitated by Jordan Gootkin and Becky Shreve from Peak Commercial, along with Shep Roylance and Bonnie Hart from Coldwell Banker.