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HARTFORD, Conn. — Cushman & Wakefield has arranged the sale and recapitalization of a 225-unit portfolio consisting of two independent living, assisted living and memory care communities located in the greater Hartford area.
Cushman & Wakefield’s Rick Swartz, Jay Wagner, Sam Dylag and Chris Remeika exclusively represented Everbrook Senior Living, which is acquiring the communities in a joint venture with White Oak Healthcare REIT.
Everbrook will continue to manage the properties following the sale. The seller and price were not disclosed.
“[Everbrook’s] focus on continuum communities in underserved markets with a more middle-market price point really resonates with investors,” says Wagner.