SLIB Negotiates Sale of 198-Unit North Chandler Place in Arizona

by Jeff Shaw

CHANDLER, Ariz. — Senior Living Investment Brokerage (SLIB) has arranged the sale of North Chandler Place, a 198-unit continuing care retirement community in the Phoenix suburb of Chandler.

The property features 119 independent living, 16 assisted living, 28 memory care and 35 skilled nursing units. It was built in 1966 with additions in 2002 and 2007. The property totals 192,208 square feet on approximately 15.2 acres of land.

The seller is a group of investors that will reinvest their proceeds in other core assets in the portfolios. The buyer is a national, publicly traded company that will invest in capital improvements. The price was not disclosed.

Jason Punzel, Nick Cacciabando, Ryan Saul and Brad Goodsell of SLIB handled the transaction.

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