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CHICAGO — Evans Senior Investments, a Chicago-based brokerage, has arranged the $19 million sale of two personal care communities totaling 126 units in Pennsylvania.
Personal care homes are a Pennsylvania designation that signifies services for higher acuity than assisted living, but lower than skilled nursing.
A national owner-operator purchased the two communities from an undisclosed seller for $151,000 per unit. The specific names of the properties were not released.
The portfolio totals 76,911 square feet and featured occupancy of 88 percent at the time of sale. The sale price equates to an 8 percent capitalization rate.