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YORK, Pa. — Evans Senior Investments has facilitated the sale of The Haven at Springwood, a 99-unit facility located in York, about 100 miles west of Philadelphia. A regional private equity firm focused on Senior Housing assets purchased the assisted living and memory care facility for $11.85 million, or $119,697 per unit.
The final capitalization rate of the facility was 7.75 percent on the pro-forma net operating income of $918,000.
The Haven at Springwood features 89 assisted living units and 10 memory care units. The facility opened in 2004 and currently has 96 percent occupancy.