April 26, 2017 – This transaction consists of a memory care facility located in Dallas, Texas. Arbor House of Dallas is comprised of 52 MC units and was built in 2008. The facility is approximately 26,197 square feet and is situated on approximately 4.638 acres of land.
|Price Per Unit||$86,539|
|No. of Units||52|
Dallas is in Dallas County, located east of US Hwy 67, south of I20 and 9 miles east of downtown Dallas. The property currently has a census of 56%.
The Seller is a regional owner/operator with a facility in Oklahoma and Texas and headquartered in Norman, Oklahoma. The buyer is a private equity group located in Southern California, and they have hired Northstar Senior Living to manage the facilities. The buyer has a capital improvement plan to upgrade the facility to make it more competitive in the marketplace.
Matthew Alley and Jason Punzel of Senior Living Investment Brokerage, Inc. handled the transaction.