WOBURN and NORWOOD, Mass. — Cushman & Wakefield Senior Housing Capital Markets has arranged the sale of two seniors housing communities in the Boston suburbs.
A joint venture between Benchmark Senior Living and Oz Real Estate sold Benchmark Senior Living at Woburn in Woburn and Benchmark Senior Living on Clapboardtree in Norwood. The buyers and prices were not disclosed.
The fully stabilized portfolio offers 177 assisted living and memory care units. Benchmark Senior Living will continue to manage the communities.
Benchmark Senior Living at Woburn is a Class A, 87-unit assisted living and memory care community located approximately 10 miles north of downtown Boston. The property was built in fall 2016.
Benchmark Senior Living on Clapboardtree is a Class A, 90-unit assisted living and memory care community located approximately 11 miles southwest of downtown Boston. The stabilized community opened in early 2017.
The Cushman & Wakefield team involved in the transaction included Richard Swartz, Jay Wagner, Tim Hosmer and Chris Remeika.