MEREDITH, N.H. — Continuum Advisors has arranged the $11 million sale of Meredith Bay Colony Club, an 85-unit continuing care retirement community (CCRC) located in Meredith in central New Hampshire, a two-hour drive from Boston. Taylor Community, a nonprofit owner and operator, acquired the community.
Built in 2008, the property offers 41 independent living apartments, 20 assisted living residences and 24 memory care units, as well as an additional 18 acres of undeveloped land for future expansion. Amenities at the community include an underground parking garage, indoor pool and fitness center
According to a press release issued by Continuum, the property has been financially strained for years, and the sale was executed through a court-directed process, with OnePoint Partners serving as the rehabilitation trustee. As part of the purchase, the buyer assumed roughly $10.5 million in resident entrance fee refund liabilities.
This deal marks Continuum’s 175th seniors housing transaction.