MACUNGIE and ALLENTOWN, Pa. — Colliers has arranged the sale of two seniors housing communities in the Lehigh Valley region of Eastern Pennsylvania for $24 million.
The first community was Victoria’s Place, located in Macungie. The 59,500-square-foot community features 80 licensed one-bedroom and studio units, with capacity to add 30 more.
The second community was Mountain View in Allentown. The 54,693-square-foot property features 115 beds and was built in 1987.
A new operator will be announced for the communities. The buyer and seller were not disclosed.
Bob Gaines of the Colliers seniors housing practice in the U.S. Eastern region facilitated the sales.