HOUSTON — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 300-unit independent living community in Houston.
The community is approximately 206,000 square feet in total and is situated on approximately 7.6 acres of land.
The seller is an owner-operator that wanted to sell a non-core asset to focus on its senior living and skilled nursing assets. The buyer is a California-based real estate owner. The price was not disclosed.
The buyer hired a third-party manager that operates several independent living communities in Texas. The property shares services with the healthcare center within the same campus.
Matthew Alley, Vince Viverito, Brad Goodsell and Jason Punzel of SLIB handled the transaction.