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CARROLLTON, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 62-unit assisted living and memory care community in Carrollton, a suburb of Dallas.
The community totals approximately 40,000 square feet on a 3.6-acres plot.
The seller is a private equity group with a regional seniors housing portfolio. The Dallas-based buyer is a private investment group with a national seniors housing portfolio partnering with a local operator. The price was not disclosed.
Matthew Alley and Jeff Binder of SLIB handled the transaction.
“SLIB was able to help navigate through some of the challenges of working through the buyer’s assumption of the existing HUD loan,” says Alley.