Senior Capital Advisors Sells Kansas City Community for $28.5M

by Jeff Shaw

KANSAS CITY, Mo. — Senior Capital Advisors, representing seller Principal Senior Living Group, has sold of Benton House of Shoal Creek, a 73-unit, 88-bed assisted living and memory care community in Kansas City, Mo. The facility was sold to American Realty Capital Healthcare Trust II for $28.5 million, or $390,000 per unit. Bruce Gibson, principal with Senior Capital Advisors, led the sale.

Principal Senior Living Group will continue to manage the property on behalf of the new owners. The property’s all-private-pay census was above 90 percent at closing. The community opened in 2012 and was expanded in late 2014.

 “Principal Senior Living Group continues to select great sites and execute their business plan,” says Gibson. “Because of this, the property performed well from opening and through the expansion.”

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