LAKEWOOD, Colo. — BWE Investment Sales (BWEIS) has arranged the sale of Lakewood Reserve Senior Living, a 137-unit assisted living and memory care community located in Lakewood, approximately eight miles southwest of downtown Denver.
BWEIS represented the seller, a private equity seniors housing investor, in the transaction. A REIT acquired the community, which is operated by Stellar Senior Living.
The property features 118 assisted living units and 19 memory care units. Amenities at the community include a beauty salon and barber shop, fitness center, theater and entertainment space, courtyards and outdoor gathering spaces.
“Lakewood Reserve generated exceptional interest from institutional and private investors alike, demonstrating the depth of demand for high-quality seniors housing assets in premier markets like Denver,” says Ryan Stoll, national director at BWE. “The competitive process ultimately drove pricing well above initial guidance”