MARLBORO, N.J. — Cushman & Wakefield National Senior Housing Capital Markets has arranged the sale of The Solana Marlboro, a newly constructed, 79-unit assisted living and memory community in Marlboro.
A joint venture between affiliates of Capitol Seniors Housing, Formation Development Group and Shelbourne Capital sold the property for an undisclosed price.
The buyer was Kayne Anderson Real Estate. Chelsea Senior Living, the current operator, will continue to manage the community.
Located approximately 20 miles south of New York City, the community is within a quarter-mile of a variety of shopping and entertainment options.
The Cushman & Wakefield team involved in the transaction included Richard Swartz, Jay Wagner and Sam Dylag.