MINNEAPOLIS — Walker & Dunlop Investment Sales has arranged the sale of five Class A seniors housing communities in Minneapolis.
Minnetonka-based Roers Cos. developed the communities, which Walker Methodist and Jaybird Senior Living operate. The communities opened between 2018 and 2021.
The portfolio consists of 567 independent living, assisted living and memory care units. The buyer, an affiliate of Lone Star Funds, will utilize Grace Management to oversee daily operational responsibilities. The price was not disclosed.
This is Minnesota’s largest-ever sale for a senior living portfolio, according to Walker & Dunlop.
Walker & Dunlop’s Investment Sales team of Alex Vice, Joshua Jandris, Brett Gardner and Mark Myers provided advisory services and facilitated the disposition of the portfolio.