THE WOODLANDS, Texas — Kensington Realty Advisors, an investment manager based in Chicago, and SEDCO Capital have jointly acquired The Village at the Woodlands Waterway for an undisclosed price.
CCRC
BLUFFTON, Ind. — As part of a Chapter 11 planned bankruptcy sale, Senior Living Investment Brokerage has sold River Terrace Estates, a continuing care retirement community in Bluffton, Ind. The purchase price for the real estate was $6 million, but as part of the bankruptcy, the buyer also assumed about $2 million of refundable deposit liability and took over AP/AR. The all-in purchase price is approximately $8 million, which computes to a realized 7 percent cap rate.
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