CARMEL, NEW PALESTINE and DANVILLE, Ind. — Grandbridge Real Estate Capital’s Tampa-based National Senior Housing Investment Sales team has arranged the sale of the three seniors housing properties in the Indianapolis area.
Named the Woodland Terrace Portfolio, the properties offer 482 units of independent living, assisted living and memory care in Carmel, New Palestine and Danville.
The seller, The Justus Cos., developed the properties over the last four years. The buyer was a partnership between a national investor and Purpose First Partners, which is itself a joint venture between New Perspective Senior Living and Boldt Capital.
The Grandbridge team led by Jay Jordan, David Kliewer and Allen McMurtry arranged the transaction for an undisclosed price.