DALLAS — CBRE has negotiated the sale of four senior housing communities in the Dallas MSA.
The portfolio — rebranded as Village on the Park Plano, Village on the Park Denton, Village on the Park Stonebridge Ranch, and Village on the Park McKinney — comprises 366 units of assisted living and memory. The properties were all built between 2014 and 2017.
The buyer is a joint venture between Artemis Real Estate Partners and Bridgewood Property Company. The Aspenwood Company, Bridgewood’s affiliate property manager, is operating the communities. The seller and price were not disclosed.
John Sweeny, Aron Will and Garrett Sacco of CBRE arranged the transaction. Additionally, the CBRE National Senior Housing’s debt and structured finance team lead by Will and Adam Mincberg financed a subset of the portfolio post-close.