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ARLINGTON, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of Greenfield Residences of Arlington, an independent living community in Arlington, between Dallas and Fort Worth.
The property was built in 2002 and totals 128,496 square feet on 5.8 acres. The community features 24 studio units, 130 one-bedrooms and 24 two-bedrooms.
A publicly traded investor sold the property to an owner-operator from the Dallas-Fort Worth area for $12.5 million.
SLIB marketed the sale as a value-add opportunity, as the community was only 67 percent occupied at the time of listing. The buyer plans to invest in the community’s physical plant and stabilize operations.
Matthew Alley and Patrick Burke of SLIB handled the transaction.