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Detroit-area senior living facility sells for $14 million

Three-story Southfield, Michigan, property contains 348 units
The Park at Franklin Senior Living facility in Southfield changed hands for approximately $40,230 per unit. (CoStar)
The Park at Franklin Senior Living facility in Southfield changed hands for approximately $40,230 per unit. (CoStar)
By Jack Quinn with
CoStar Research
February 23, 2026 | 4:54 P.M.

Charger Properties acquired Park at Franklin Senior Living, a 348-unit senior living facility in Southfield, Michigan, from Inspired Senior Healthcare for $14 million, or about $40,230 per unit.

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News | Detroit-area senior living facility sells for $14 million