Ventas Realty closed on the $49.9 million acquisition of four senior housing properties from CFP, Inc. in an aggregate portfolio sale spanning California, Colorado, Oklahoma and Virginia.
Caley Ridge Assisted Living Community
at 9350 E. Caley Ave. in Englewood, CO is a three-story, 100-unit assisted living facility with 80 studio apartments and 20 one-bedroom units with a capacity for 106 residents. The property was approximately 97% occupied at the time of sale.
The Mansion at Waterford
at 6110 N. Pennsylvania Ave. in Oklahoma City, OK is a three-story assisted living and memory care facility with 102 assisted living units and 19 memory care units. The property was approximately 91% occupied at the time of sale.
Pheasant Ridge Retirement Residence
at 4355 Pheasant Ridge Rd. in Roanoke, VA is a three-story, 93-unit assisted living and memory care facility with 54 studio apartments, 209 one-bedroom and 10 two-bedroom units. The property was approximately 86% occupied at the time of sale.
Eagle Lake Village
at 2001 Paul Bunyan Rd. in Susanville, CA is a one-story assisted living and memory care facility with 50 assisted living units and 16 memory care units. The assisted living contains 25 studios, 24 one-bedroom and 2 two-bedroom units. The property was approximately 86.4% occupied at the time of sale.
The seller is a pension fund that was looking to redeploy capital with the sale. The buyer wanted to add to its existing portfolio.
Ben Firestone and Jacob Gehl with Marcus & Millichap brokered the sale for both the buyer and the seller.
Please see CoStar COMPS #2504343 for more information on this transaction.