4
BRIDGEWATER TOWNSHIP, N.J. — Continuum Advisors has brokered the sale of Laurel Circle, a continuing care retirement community (CCRC) located in Bridgewater Township, roughly 40 miles outside New York City.
David Kliewer and Jay Jordan of Continuum arranged the transaction. An affiliate of Maxwell Group and Senior Living Communities was the buyer.
Totaling 270 units, Laurel Circle features 183 independent living apartments, 19 independent living villas, 30 assisted living residences, 10 memory care units and 28 skilled nursing units. The property also includes five acres of undeveloped land for future expansion.
The undisclosed seller recently invested more than $15 million in capital improvements.